Steven Rattner
speaker
21 appearances
1 recordings
1 series
first heard Jul 2026
last heard 31 Jul
Steven Rattner’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.
Appearances
The reality is that manufacturing, obviously you had covid and all the stuff going on, but it got as high as twelve point nine million jobs back here.
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And then it started to decline and it simply continued to decline under Trump.
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So in fact, rather than gaining any manufacturing jobs,
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We've lost 75,000 manufacturing jobs since Trump arrived.
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He also likes to talk about the building boom.
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I think on the show yesterday, he talked about $19 trillion of new investment in America.
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Remember, which is completely made up.
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That is obviously a crazy number.
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But in any event, when you look at something like factory building, you can see that the factory building went up sharply under Biden.
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A lot of this had to do with the CHIPS Act, the Inflation Reduction Act, incentives for clean energy.
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Companies were out building stuff.
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Then it peaked, and now it has just been going down under Trump, down to $175 billion rate from a peak of $250 billion.
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Trump also likes to talk about data centers and how much they're going to help this manufacturing boom, so to speak.
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And in fact, you can see data center construction has gone up a bit.
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It's up to $43 billion, but not nearly enough to compensate for how much
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actual factory loss has been achieved.
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And of course, data centers employ not so many people.
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Factories employ a lot of people.
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So again, no manufacturing boom, no manufacturing renaissance evident in any of the numbers.
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And tariffs played a role in this.
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