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53
Good read on our economic quagmire currently (twitter.com)
posted 3 days ago by Ahaus667 3 days ago by Ahaus667 +53 / -0
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– Ahaus667 [S] 28 points 3 days ago +28 / -0

America is not creating any jobs. The best available solution is worksite raids on farms, factories, and warehouses to open up 3 million entry-level blue-collar jobs for young men. The current problem is much worse than people realize. A thread:

Trump is just saying we have $19 trillion in investment. These numbers turn out to be total bullshit. It's actually a hilarious example of Boy Who Cried Wolf. The media correctly says the money is fake and we all say "haha, you're Fake News".

Trump signed a $1.3 trillion deal with the EU. For 2 weeks Europeans all cried about how Trump fucked their leaders and wrecked them. Then a year later our trade representative Jamieson Greer said publicly that Europe hasn't followed thru with any of the things they promised.

Jamieson Greer says Europe hasn't lowered a single tariff or done a single thing they promised

Trump shakes hands with Saudi Arabia, Qatar, they publicly smile on camera and say they're investing a trillion dollars in America, Trump is the best President ever. He gets the photo opp. Then they don't invest the money. Trump is happy with it because he got the headline.

None of this money is real. I started getting suspicious when Karoline Leavitt was laughing that young men should go fight in Iran and Cuba. Then I started digging into job numbers. Then I looked at foreign investment.

We created 181,000 jobs last year and it's basically Year 18 of economic stagnation. There's 106 million Americans out of the workforce. Maybe 20-30 million of those people actually want to work and can't find jobs.

We're ~18 months in so if $19 trillion was coming in, it should be obvious by now. Some quick math: the key statistic here is "number of jobs created per billion dollars of capital investment". Different industries hire more people, or less, depending on what they do.

One billion dollars of investment is 10,000 to 30,000 jobs in hospitals, restaurants, or schools. So $500 billion of investment would be 5 million jobs as a conservative estimate, if we assume 10k jobs per billion. That would be if Trump had raised ~2.5% of the money he claims.

Factories are 150 jobs per billion dollars. The math changes by industry. Welfare is 12,500 parasites receiving $80,000 each per billion dollars. Data centers are literally 5-10 jobs per billion. So a data center will spend 100 million to create a single job.

If a trillion dollars had been invested into our economy it would be obvious. Trump is claiming $19 trillion and it's like okay even if we spaced that out over 10 years, it should be $2 trillion invested per year, so ~20 million jobs should've been created last year.

We're still losing manufacturing jobs in the middle of our supposed reindustrialization. This is not what you would expect to see if $19 trillion in investment, or even $2 trillion in investment, had arrived in America in 2025. Less than a hundred thousand construction jobs?

Most of the 181,000 jobs created last year are actually welfare or healthcare fraud in blue states. This becomes negative job growth after you subtract medical fraud. Like it's so bad, and people haven't realized this yet.

200,000 medical fraud jobs created is literally just $16 billion being stolen, then documented as private sector job creation. The fraud is $500 billion per year so it's not increasing by much, it's overall slowing in growth as a result of what Trump is doing.

That's fine if we can't create jobs, we just need to get 3 million mass deportations. There are 100 million illegals and 55 million workers on legal visas. During a period of economic stagnation, this becomes a zero-sum competition for limited resources. Deport!

Limited reindustrialization is happening, but it's in core national security areas: semiconductors, pharmaceuticals, drones, cars, AI data centers, weapons. The American Empire is in excellent condition, but the American people are badly hurting.

So you might be wondering: Where are all the jobs? The answer is, they're going to foreigners domestically, and they're offshoring to places like India. White-collar industries are sending careers overseas like the blue-collar Rustbelt did.

Microsoft by itself has promised to create 10 million jobs in India by 2030. This one company could solve America's entire jobs crisis. Now consider that every major company in America is offshoring to India, running the same strategy in parallel. Tens of millions of jobs, gone.

JP Morgan Chase says they're firing a third of junior investment bankers, and sending those jobs to "low-cost locations like (AI) Argentina and India." This gives you a good idea of what's happening in every industry and region of America.

This is of course a huge structural problem, to wake up one day and realize you're short on $19 trillion that was supposed to arrive any day now. It's not an easy fix. Economic stagnation was not caused by President Trump, it was inherited from the unresolved 2008 crisis.

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▲ 12 ▼
– undecidedmask2 12 points 3 days ago +12 / -0

Yeah it’s so over.

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▲ 7 ▼
– WeedleTLiar 7 points 3 days ago +7 / -0

it was inherited from the unresolved 2008 crisis

As bad as the USA is, Canada is worse.

If you compare the GDP lines (a garbage metric, but it's apples to apples over time), the US had a huge dip but mostly recovered back the original trajectory.

Canada had a smaller dip but never recovered. The slope of the line is the same but it's been shifted down by what we lost in the recession.

The point is, though your policies are failing, do not copy ours!

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