Striking Chart.

Paging the Business Roundtable

🧵A Remarkable Comeback, by Jim Tankersley: “America’s so-called ‘left behind’ counties — the once-great manufacturing centers and other distressed places that struggled mightily at the start of this century — have staged a remarkable comeback. In the last three years, they added

I'm gonna bang this drum until it tears, but this has been the best macro-economic stewardship of any administration *and Fed chair* of my lifetime.

Correct. I have been around to see a lot more of US history and of administrations' management of the macro-economy than @ChrislHayes has. And nothing has been remotely as successful as this.

The Inflation Reduction Act turns two this week. Here's what we know: - Clean investment is up 71% ($493bn); - Clean investment = *more than half* of total private investment growth - Private investment is 5-6x public investment Not bad for a toddler. cleaninvestmentmonitor.org/reports/tallyi…

Here is a way to see the impact of policy on private investment: --> With $76bn in Q2, investment in clean manufacturing + energy deployment is now 64% higher than investment in oil and gas production. Not something that most would have projected or predicted in 2021.

What are the top states receiving clean investment? With Q2 data in hand, we can see that Nevada is in at #1 as a share of state GDP w/ Wyoming coming in a close #2.

Even in a fracturing world, the US has unique capacity to shape global outcomes. We can strengthen our economy & deepen our alliances by launching an historic effort to accelerate the energy transition. But to do so, we need a new model. My take here: foreignaffairs.com/united-states/…

Marshall Plan invocations often induce eye rolling, and deservedly so. In this case, the analogy reinforces a core opportunity: We can be generous to our partners & Pro-American in our aims In service of solving an historic global challenge. foreignaffairs.com/united-states/…

This is a big deal in every sense of the phrase. reneweconomy.com.au/sun-cable-plib…

The idea of a CR Marshall Plan is broader than exporting our clean technology. It is: invest in innovation-> drive down costs in emerging mkts-> expand other countries’ CE production capacity-> diversify supply chains. All feasible while growing US share of growing global mkts.