Biden’s Plan Boosting US Manufacturing

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The US is experiencing a boom in factory construction, with six new factories being built each day. Despite the US manufacturing PMI being low, the government's program to attract enterprises from other countries is preventing a collapse in production. However, there is a shortage of workforce for these new factories, and high wages are causing inflation and making it difficult for Powell to lower the interest rate. This is leading to an increase in the cost of servicing the public debt pyramid, which has surpassed the defense budget.

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