That’s. completely false. Manufacturing in the US is better than in decades though the ESTIMATED RATE OF FUTURE GROWTH has been decreased somewhat.
Business investment is up.
Stock market near a record high.
Consumer spending strong and their debt vs equity is low.
Manufacturing:
https://fred.stlouisfed.org/series/PRS30006042
Business fixed investment: https://fred.stlouisfed.org/series/BUSFIXINVESTNOW