He HAS used the pandemic to get started with …..
He isn’t gonna stop……
That’s what FDR did in 1944, when he rejected proposals for a return to economic “normalcy” after the upheavals of the Great Depression and World War II and said, instead, “We cannot be content, no matter how high that general standard of living may be, if some fraction of our people—whether it be one-third or one-fifth or one-tenth—is ill-fed, ill-clothed, ill-housed, and insecure.”…
…On Mr. Biden’s watch, its numbers show, domestic spending in areas like research and support for manufacturing has grown significantly larger as a share of the economy than was considered in the budget plans of the last Democratic administration, under President Barack Obama, when Mr. Biden was vice president.
In his first two years as president, Mr. Biden signed laws to expand and rebuild critical infrastructure like water pipes and highways, bolster U.S. manufacturing of semiconductors and other high-tech goods, and accelerate a transition from fossil fuels toward low-emission sources of energy to fight climate change. He delivered military aid to Ukraine in its fight against Russia and signed a bipartisan law to increase federal medical care for military veterans exposed to toxic burn pits.
He also left much of his economic agenda unfinished, a fact reflected in his budget, which renewed calls for programs that failed to pass muster when his party controlled Congress….
The Biden administration is mapping out the billions of dollars in infrastructure, green technology and chips money it muscled through Congress, as it tries to convince a skeptical public that Bidenomics is working for them.
Why it matters: In the second leg of their “Investing in America” tour, President Biden and his Cabinet are buzzing across the country. They’re carrying a message that’s upbeat about the economy — topped with a jab at Republicans.
- More than anything, they want to draw a direct link between a booming jobs market and the trillions of dollars in new government spending Biden signed into law.
- At the same time, they like to highlight how Republicans voted against many of those stimulus bills.
- Maps showing the reach of Biden’s programs — such as a new one the Department of Interior is releasing today — are central to both efforts.
- It shows how the $7.3 billion in interior grants are spread across the country in more than 1,300 projects.
Driving the news: Biden heads to South Carolina today to tout a new investment from Enphase Energy, a solar technology company, to partner with Flex LTD, a global manufacturer, to create an estimated 600 jobs in one of the country’s reddest states.
- He also will mark a milestone the White House is eager to promote: By the administration’s count, private companies have announced more than $500 billion in investment in U.S. manufacturing and infrastructure projects that are directly related to Biden’s new federal spending.
- A budding manufacturing supercycle, in which hundreds of billions of dollars in government investment creates a floor of good-paying manufacturing jobs, is central to Biden’s reelection campaign.
The big picture: Today’s presidential sortie to South Carolina is another opportunity for Biden to make the case directly to voters about what Bidenomics will mean for them and their communities….