Agreed, but you have to look at this from “government and elites realized that we’re screwed, and need to just do whatever possible to see what sticks” perspective. This time banging the drums actually might matter because a competitor (China) has caught up in most of industries and playing the “win at all costs” mode. I have no idea how US is going dig itself out of this situation as there’s no cultural, economical, nor political alignment.

There is a genuine belief in some people that if you just put a few thousand smart people into work, they’ll have a solution. But what is lacking, I think, is boots on the ground employees for numerous amount of industries. They’re thinking of a financially engineered solution, but there’s no appetite to pay or maintain an industrial workforce.