Quote:
Originally Posted by Brian Swartz
I like some of that, and I think it's smart politically, but a very bad idea strategically, to throw that kind of red meat at manufacturing. Manufacturing as a major engine of the economy is the past. We're not ready to admit that yet, but I hope we get there sooner rather than later.
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Admittedly I've not seen the details, but my impression is Biden wants to encourage manufacturing like in pharmaceuticals where we are less dependent on frenemies.
I think this makes sense honestly. Yes, we may have to pay more for some stuff but I'm okay with it.
For less "strategic" items, definitely encourage the trend of spreading the wealth and companies having more diverse supply chains (e.g. India, Philippines, Malaysia etc. vs China).