Barbara Boyd argued that President Donald Trump’s economic program is moving the United States toward expanded manufacturing, workforce development and domestic production, pointing to remarks from Treasury Secretary Scott Bessent, Secretary of State Marco Rubio, Vice President JD Vance and Trump.
Boyd said construction must come before manufacturing facilities can begin hiring workers, creating a delay between policy changes and their full effect.
“Factories have to be built before manufacturing begins. That creates new construction jobs of all types, which you’re seeing in the jobs report. Then the manufacturing hiring takes place,” Boyd said.
Bessent contrasted U.S. employment performance with Canada while discussing the administration’s economic message at the G20.
“Steve, I don’t want to do any grave dancing here, but let’s contrast the Canadian employment numbers today. They lost more than 40,000 jobs, and we had a blowout jobs number,” Bessent said. “And our message at the G20 was come and grow with us.”
Bessent criticized European regulations and climate-focused policies while pointing to Boeing’s expansion in Charleston, South Carolina, as an example of investment first producing construction work and later manufacturing jobs.
“And whether whether it’s Europe with their stifling regulatory regime, whether it’s these other countries that have slavishly worshiped at the the altar of climate to the detriment of their citizens economic health,” Bessent said.
He said Boeing was expanding its Dreamliner facility by 50 percent, beginning with construction before creating manufacturing positions.
“That starts out as a big burst of construction jobs, which we are seeing in the data, and then that is going to become a 1,000 high-paid, great, big-benefit manufacturing jobs, and we’re seeing that all over the country, everywhere I go,” Bessent said.
Boyd also described Bessent’s criticism of the Financial Times and Wall Street Journal, saying he accused major financial media of attempting to create economic panic.
She cited a report concerning Norway’s sovereign wealth fund and U.S. Treasuries, saying Norway instead wanted higher-yielding American Fannie and Freddie securities.
Boyd then cited Canadian economic strategist James Thorne’s description of the current environment as a “Red Queen economy,” referring to the need for continued growth to keep ahead of debt, competition from China and technological obsolescence.
Bessent placed responsibility for the price increases inherited by the Trump administration on the previous administration and government spending.
“They torched the American people. 21.5 percent inflation during Biden’s term,” Bessent said.
“And Elizabeth Warren, so this is the Biden-Warren economy.”
Bessent cited an MIT study while making his case about spending and inflation.
“And if you look, study from MIT shows that almost 50% of the great inflation came from the out-of-control spending that went on then. So we had a price level problem. We are bringing prices down,” Bessent said.
Boyd argued that continued improvements in labor productivity, scientific advances and technological development are necessary for economic growth.
She contrasted that approach with Thomas Malthus’ theories about population and resources, zero-growth policies, the green movement and Mark Carney’s Net Zero agenda.
Boyd then turned to the workforce required for reindustrialization, pointing to training and apprenticeship programs for electricians, machinists and other skilled workers.
She highlighted the newly announced Foundry School at the U.S. Institute of Peace.
Rubio said rebuilding industrial capacity requires recognizing how dramatically manufacturing has changed.
“We have to understand that reindustrialization, that 21st century industrial activity is going to look different than it did in the 20th century,” Rubio said.
“It’s going to involve far more skills.”
Rubio said technological changes could require workers to repeatedly update their training.
“It’s going to involve, not just are our workers going to have to be better educated in what they’re doing, but in many cases, given the evolution and the rapidly changing dynamics of the modern world, they may have to be retrained multiple times in their career,” Rubio said.
According to Boyd, the Foundry School will use an advanced manufacturing curriculum developed by Stanford University and include lectures across eight campuses.
The program will hold 17 sessions taught by founders and CEOs from advanced manufacturing companies in the United States and countries participating in the State Department’s Pax Silica partnership, including Korea, Japan, Taiwan and India.
Boyd described Pax Silica as a U.S.-led international partnership launched in December 2025 to secure supply chains involving computer chips, artificial intelligence infrastructure and critical minerals.
Vance focused on the importance of skilled trades and questioned the cultural emphasis placed on four-year college degrees.
“We have to rebuild our country, and we cannot do it without reinvesting in American workers,” Vance said.
Vance referenced his friendship with Mike Rowe and questioned why many Americans accumulated significant college debt without obtaining skills suited to the manufacturing expansion he expects.
“We told them that if you were working with your hands, that was less than. Whereas if you were sitting at a computer, that was that was the work of the future,” Vance said.
Boyd said the administration is also addressing concentration in the beef industry.
She said the Justice Department initiated an antitrust investigation involving JBS, Cargill, Tyson and National Beef and that the investigation expanded to retailers including Walmart, Costco, Amazon, Kroger, Publix, Albertsons, Aldi and Ahold Delhaize USA.
Trump addressed ranchers while signing two executive orders in the Oval Office.
The orders signed Sept. 4 included measures supporting ranchers and expanding market access for American meat producers.
“I especially want to thank the farmers and ranchers who feed our nation from the Great Plains of Texas and South Dakota to the farms and cattle country of California, Arizona, Ohio, and a lot of other areas,” Trump said.
Trump blamed policies under the previous administration for problems facing agriculture.
“Under the last administration, American agriculture was decimated by crippling inflation and radical left environmental regulations. They wouldn’t let our farmers, our ranchers breathe,” Trump said.
Trump said thousands of farms and ranches went out of business and pointed to the size of the national cattle herd.
“Our cattle herd fell to 86 million, the lowest level in 75 years,” Trump said.
The executive orders direct federal agencies to pursue measures intended to support ranchers, strengthen enforcement against potentially unfair or monopolistic practices and expand interstate market opportunities for eligible meat products.
Boyd tied those actions back to her broader argument that the administration’s economic changes require time for factories, infrastructure and a skilled workforce to develop.
“Right now, the administration is creating the skilled workforce to meet what will be a huge demand, given the scope of the president’s rebuilding process,” Boyd said.
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