On Monday, a report revealed that, on Joe Biden’s watch, American manufacturing has reached its lowest point since the start of the Chinese coronavirus pandemic.
According to the Washington Free Beacon, the Institute for Supply Management’s manufacturing index, known as PMI, hit its lowest point since May 2020, scoring just 46.3. If the extraordinary conditions of the pandemic are not taken into account, then it is the lowest level since 2009.
The PMI serves to identify economic trends in the manufacturing sector, as well as the service sector, based on business conditions at major companies. If the PMI ever scores below 50, it indicates an economy on the decline.
The timing of the report coincides with Joe Biden announcing his “Investing in America” tour, where he will visit multiple factories across the country to tout his administration’s alleged efforts to help the manufacturing sector, as well as forcing his ideas of “green energy” on factories and businesses.
Despite claiming that “green energy” pushes will boost the economy and manufacturing alike, critics have pointed out that the billions often invested in such causes often go directly to far-left organizations, pro-Democrat billionaire donors, and Chinese manufacturers that provide the materials in the first place, while the projects themselves often fail or drastically underperform expectations.
Despite campaigning in 2020 on a platform vowing to do the opposite of everything President Donald Trump did, Biden has flip-flopped on manufacturing rhetoric since taking office. He has since borrowed phrases that President Trump frequently used as part of his America First agenda, including “Buy American” and “Made in America.”