Thanks, Joe Biden! The Wall Street Journal is reporting that U.S. companies are moving nearly 350,000 overseas jobs back to the United States this year—a new record—as companies become a wee bit more wary about chasing cheap labor overseas and look to move infrastructure a bit closer to home. Again: Thanks, Joe Biden!
I'm kidding, mostly. The ability of presidents to shift global economic patterns is marginal at best, and business trends 18 months into a presidency may still likely be the result of corporate decisions made even earlier. There's really only one way for a U.S. president to dramatically reconfigure worldwide capitalism in a short period of time, and that's to screw something up to near-apocalyptic levels. To so botch world markets that they're on the brink of collapse. So what we really should be saying here is: Thanks, Donald Trump!
