Ron Insana: Trump’s Tariffs Have Failed to Deliver the Manufacturing Job Gains He Promised

RUSH EXCERPT:

INSANA: “No, in fact, with his tariffs, he promised the creation of manufacturing jobs. We’ve lost 100,000 manufacturing jobs since liberation day last year. With respect to the outflow of immigrants, some 3 million have left the country either involuntarily or voluntarily. So it’s the first time since 1935 we’ve had a net flow out, a net outflow of population in the United States, which is shrinking the size of the labor force, reducing what we call the labor force participation rate, the number of people who are in the workforce and actually working. And so you cannot have economic growth if your labor force is shrinking. It just doesn’t happen that way. There are two big props for the economy right now that are keeping us effectively out of recession. Number one is the enormous amount of spending on artificial intelligence infrastructure, and the other is that the upper end of the income distribution, the upper end of the band, people are”