No need to be handwavy. It can be part of a strategy. A painful and ultimately less effective way than another, sure. There will be a lot of factors at play beyond these controls. This administration lacks the ability to focus for very long in any competent sense. I'm not sure there is a strategy that will work, at this time.
Bad ideas:
* Tax cuts for the rich will make it happen.[1]
* More tax cuts.[2]
* High tariffs with no plan.[3]
Semi-reasonable ideas:
* Clairmont study.[4]
* McKinsey study (2017).[5] Hasn't held up well.
Manufacturing is low-margin and requires stable markets. How to promote that? There are a lot of dull and boring businesses someone has to do.
Maybe tax policy should be set up to favor dividends over growth. That favors steadily profitable companies over growth companies.
[1] https://waysandmeans.house.gov/2025/01/24/the-golden-age-of-...
[2] https://nam.org/timmons-nam-members-meet-with-bessent-congre...
[3] https://x.com/cspan/status/1909639514861322433
[4] https://dc.claremont.org/restoring-american-manufacturing-a-...
[5] https://www.mckinsey.com/featured-insights/americas/making-i...