During today’s Senate hearing on the State of the US economy, Georgia Rev. Sen. Warnock detailed to Treasury Secretary Scott Bessent the terrible condition of the US manufacturing industry and the massive job losses so far under the first year of the Trump administration.
Bessent’s retort was to offer the country “hopes and prayers” for a new beginning in a manufacturing boom. I’m only surprised he didn’t give Trump’s “two-week notice.”
WARNOCK: At a rally in my home state of Georgia, Donald Trump said, quote, we’re going to have a manufacturing boom. Secretary Bessent, we’re now more than one year into the Trump administration. Yes or no: has there been a manufacturing boom in the United States?
BESSENT: There are the beginnings of a manufacturing boom. We have intentions, factory groundbreakings, sir.
WARNOCK: So your answer to that is yes, there’s been a manufacturing boom?
BESSENT: We are at the beginning of a manufacturing boom.
WARNOCK: You and I could agree to disagree, but more importantly, manufacturers are telling us something different. Manufacturers are struggling because of the president’s policies, and that’s what they keep telling us, and the facts keep telling us.
In fact, just this past Monday, the Wall Street Journal published an article titled “U.S. Manufacturing Is in Retreat, and Trump’s Tariffs Aren’t Helping.”
