What will Trump do to "fix the economy"? Is it really broken?

[outriding]

Why did he torpedo the border deal months ago if it was such an urgent problem?

If illegals are such a problem then why does he hire them to work at his resorts?


I actually want a trump supporter tell me why it’s important to him when he hires them

 

[uallas5]

My understanding of the fabs is that the Ohio ones were delayed because of a lack of qualified trades people, commercial electricians and plumbers, while the AZ one was delayed because of a lack of qualified manufacturing workers. The unions were upset because TSMC wanted to bring in people from Taiwan to fill the gaps and be instructors into a qualified local workforce could be ramped up.

I found this article about AZ:

https://www.cnn.com/2024/01/19/tech/tsmc-taiwan-arizona-project-delay-intl-hnk/index.html

"But last year, the company said production at its first fab would be delayed from 2024 to 2025, due to a shortage of specialist workers."


The only article about the Ohio delays talked about "market challenges" and lack of expediency of federal funds. I do remember a news report couple of years ago where one of the contractors was saying they couldn't get anywhere near the normal amount of qualified trades people to work a project of that size.

Intel Delays its $20 Billion Ohio One Project by at Least a Year

Intel encounters a major setback in its $20B Ohio One Project in New Albany, with a delay of at least a year in the completion timeline.

constructionreviewonline.com

 

[pete6032]

My understanding of the fabs is that the Ohio ones were delayed because of a lack of qualified trades people, commercial electricians and plumbers, while the AZ one was delayed because of a lack of qualified manufacturing workers. The unions were upset because TSMC wanted to bring in people from Taiwan to fill the gaps and be instructors into a qualified local workforce could be ramped up.

I found this article about AZ:

https://www.cnn.com/2024/01/19/tech/tsmc-taiwan-arizona-project-delay-intl-hnk/index.html

"But last year, the company said production at its first fab would be delayed from 2024 to 2025, due to a shortage of specialist workers."


The only article about the Ohio delays talked about "market challenges" and lack of expediency of federal funds. I do remember a news report couple of years ago where one of the contractors was saying they couldn't get anywhere near the normal amount of qualified trades people to work a project of that size.

Intel Delays its $20 Billion Ohio One Project by at Least a Year

Intel encounters a major setback in its $20B Ohio One Project in New Albany, with a delay of at least a year in the completion timeline.

constructionreviewonline.com

I think people are also losing faith in Gelsinger's vision of Intel as a chip fabricator.

https://www.reuters.com/technology/inside-intel-ceo-pat-gelsinger-fumbled-revival-an-american-icon-2024-10-29/

 

[repoman0]

So would it make sense to dive into treasury bills for awhile from small and large cap stocks (retirement funds)?

Not long term ones, IMO — depending on how much he skyrockets the debt those may sell off too. Don’t think anyone knows how much higher equities can go before/until a crash or recession so trying to time it is as usual not wise. Just stay diversified.

 

[Pens1566]

Aren't the fabs being built in AZ and OH? The GQP may not repeal if they realize where the largesse is flowing to, although I wouldn't rule it out either.

Boeing and arguably Intel are TBTF. I wouldn't expect a TARP-style bailout of Intel, but I think the feds are motivated to help them out within reason (of course, who knows what a new administration wants).

Lots around PHX. I may or may not have a family member involved on the accounting side there and Intel is ... in some trouble.

I'm currently in the middle of an engineering effort by our company to move manufacturing from Singapore to the US as we make super clean materials for the trays that hold the chips in the fabs. The buildings and equipment are already in place, and a lot of money has been spent to make these products here. If the CHIPS act goes away I'm pretty sure a lot of manufacturing jobs will go away with it. While personally it will save us a lot of work, it seemed like a good thing for America.

When I Google it experts are now saying Trump probably won't mess with the CHIPS act, but he will claim credit for anything that comes out of it of course.

Yes, tons of jobs in AZ will go poof. And I don't think the location will necessarily prevent that either.

 

[[DHT]Osiris]

Even before COVID, Trump f'ed up the economy with his tariffs on feedstocks, stupid ag policies, and debt funded tax breaks for billionaires. Trump is an economic moron.

This. Trump yanked a bunch of levers designed to prop up the economy during a downturn, solely to juice the economy to make himself look better, and pay off his handlers/himself. We would have handled 2020 even better had he not done that.

 

[hal2kilo]

Be interesting to see how long it takes Trump to drive Powell out of the Fed.