Originally posted by: MaxFlavor
I guess you haven't figured out the clue or read the article, so I will spoon-feed it to you, from the quote I posted:
"justify investments that already broke ground, would undermine private investments and stop development that is already ongoing. "
What is the ISM Manufacturing Index?
"The ISM manufacturing index or purchasing managers' index is considered a key indicator of the state of the U.S. economy."
If a manufacturing development has just recently broken ground, would that manufacturing plant have a purchasing manager on staff at the empty lot?
From the article:
First bullet point, so you didn't have to read past this:
"Tax credits under the Inflation Reduction Act have led to a boom in new manufacturing projects in the U.S."
"Actual manufacturing investment has totaled $89 billion, an increase of 305% compared to the two years prior to the IRA, according to MIT and Rhodium."
"Actual manufacturing investment....."
Maybe you should read the article, it's about the amount of money that has been invested in building manufacturing facilities because of the tax credits in the IRA. The IRA was passed in August 2022, I believe the tax credits didn't start until 2023 and some of them until 2024, do you really think there would be $89 billion of factories built and operating today?
The article isn't about what you thought it was about, but being MAGA you can't have your worldview shaken up outside your comfy echo chamber, so don't bother reading anything that might offend you.
Cheers!
Just curious tom, what are your thoughts on the investment in manufacturing from the IRA?
