Congressman Ro Khanna
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Let's also make sure we're financing technology and education and healthcare, recognizing that communities that have economic development are going to diversify. Yes, they need advanced manufacturing factories, but they also need other sectors. And let's build this in places like Lorain and Johnstown and Milwaukee across this country to help bring this country together.
Let's also make sure we're financing technology and education and healthcare, recognizing that communities that have economic development are going to diversify. Yes, they need advanced manufacturing factories, but they also need other sectors. And let's build this in places like Lorain and Johnstown and Milwaukee across this country to help bring this country together.
Well, Ludwig has got all the right buzzwords. He would say, oh, I agree with Raoul. We need to have manufacturing. We need to have steel. We need to have Neumann and aluminum. My question is how? How? How can you do it when you don't fund the workforce? How can you do it when you don't finance the factories? And you're competing with other countries.
Well, Ludwig has got all the right buzzwords. He would say, oh, I agree with Raoul. We need to have manufacturing. We need to have steel. We need to have Neumann and aluminum. My question is how? How? How can you do it when you don't fund the workforce? How can you do it when you don't finance the factories? And you're competing with other countries.
Well, Ludwig has got all the right buzzwords. He would say, oh, I agree with Raoul. We need to have manufacturing. We need to have steel. We need to have Neumann and aluminum. My question is how? How? How can you do it when you don't fund the workforce? How can you do it when you don't finance the factories? And you're competing with other countries.
How can you do it when you don't have government be a source of procurement? How can you do it when you're defunding, not funding universities to build that technology hub? So all he's saying is, well, we're going to have tariffs. But tariffs, you can't protect industry until you build industry.
How can you do it when you don't have government be a source of procurement? How can you do it when you're defunding, not funding universities to build that technology hub? So all he's saying is, well, we're going to have tariffs. But tariffs, you can't protect industry until you build industry.
How can you do it when you don't have government be a source of procurement? How can you do it when you're defunding, not funding universities to build that technology hub? So all he's saying is, well, we're going to have tariffs. But tariffs, you can't protect industry until you build industry.
And tariffs are hurting the manufacturers actually getting the supply parts before we built the supply chain here. So that is the fundamental challenge with... Let me give you one other point. I wish he had a few economists around him. He said in this speech that... If we lower the trade deficit by $300 billion, we're going to increase our GDP by $300 billion. I wish it was that simple.
And tariffs are hurting the manufacturers actually getting the supply parts before we built the supply chain here. So that is the fundamental challenge with... Let me give you one other point. I wish he had a few economists around him. He said in this speech that... If we lower the trade deficit by $300 billion, we're going to increase our GDP by $300 billion. I wish it was that simple.
And tariffs are hurting the manufacturers actually getting the supply parts before we built the supply chain here. So that is the fundamental challenge with... Let me give you one other point. I wish he had a few economists around him. He said in this speech that... If we lower the trade deficit by $300 billion, we're going to increase our GDP by $300 billion. I wish it was that simple.
And so if we eliminate the trillion-dollar trade deficit, magically, we'd have 3% GDP growth overnight. The problem with that reasoning, if you increase domestic production by lowering the trade deficit, you also reduce capital inflows, and capital inflows go to lower treasury bond yields, which go to domestic manufacturing. I know it's a little bit wonky, but it's not a one-to-one relationship.
And so if we eliminate the trillion-dollar trade deficit, magically, we'd have 3% GDP growth overnight. The problem with that reasoning, if you increase domestic production by lowering the trade deficit, you also reduce capital inflows, and capital inflows go to lower treasury bond yields, which go to domestic manufacturing. I know it's a little bit wonky, but it's not a one-to-one relationship.
And so if we eliminate the trillion-dollar trade deficit, magically, we'd have 3% GDP growth overnight. The problem with that reasoning, if you increase domestic production by lowering the trade deficit, you also reduce capital inflows, and capital inflows go to lower treasury bond yields, which go to domestic manufacturing. I know it's a little bit wonky, but it's not a one-to-one relationship.
Now, most people don't need to know that, but the Commerce Secretary does. He can't be spouting economic nonsense and expect to rebuild the country. I think Democrats need a greater fluency in the language of the economy. I think we need a greater sense of understanding that you have to not just have economic fairness, but economic growth. We need to be a party that stands for building things.
Now, most people don't need to know that, but the Commerce Secretary does. He can't be spouting economic nonsense and expect to rebuild the country. I think Democrats need a greater fluency in the language of the economy. I think we need a greater sense of understanding that you have to not just have economic fairness, but economic growth. We need to be a party that stands for building things.
Now, most people don't need to know that, but the Commerce Secretary does. He can't be spouting economic nonsense and expect to rebuild the country. I think Democrats need a greater fluency in the language of the economy. I think we need a greater sense of understanding that you have to not just have economic fairness, but economic growth. We need to be a party that stands for building things.
We need to be a party that is not afraid to involve business leaders in the economic renewal of this country. We need to be a party that understands that we need technology as part of the economic renewal of this country. And I think there's going to be a clash of ideas for the democratic future.
We need to be a party that is not afraid to involve business leaders in the economic renewal of this country. We need to be a party that understands that we need technology as part of the economic renewal of this country. And I think there's going to be a clash of ideas for the democratic future.
We need to be a party that is not afraid to involve business leaders in the economic renewal of this country. We need to be a party that understands that we need technology as part of the economic renewal of this country. And I think there's going to be a clash of ideas for the democratic future.