Joe Biden wants to restore the backbone of the US economy with a lot of public money.
“Sleepy Joe” Biden did not begin his presidency at a sober pace. He quickly spearheaded a U.S. recovery plan through Congress aimed at spearheading the country with $ 1,900 billion. Last week he proposed a US employment plan, which will be followed by an American family plan later this month: together they represent an investment of less than $ 4,000 billion. The first project is to renovate the US infrastructure dormitory, the second is a lot of money for education, children …
“Sleepy Joe” Biden did not begin his presidency at a sober pace. He quickly spearheaded a U.S. recovery plan through Congress aimed at spearheading the country with $ 1,900 billion. Last week he proposed a US employment plan, which will be followed by an American family plan later this month: together they represent an investment of less than $ 4,000 billion. The first plan is to renovate the US infrastructure, and the second is a lot of money for education, childcare and family assistance. Biden said, “It is an investment that a country makes only once a generation.” It should restore the backbone of the US economy. The infrastructure in the country is better than third world countries in some places. Roads, bridges, power grids, water supply, high speed lines and broadband internet are under construction. The United States lags far behind in all these areas, for example China. Donald Trump also promised a lot of money, a lot of money for infrastructure when he took office, but he got nothing but organizing an ‘infrastructure week’ and building a wall on the border with Mexico. Fiden’s plans were published in the 1930s by Franklin D. Compared to Roosevelt’s New Testament and Lyndon Johnson’s Great Society in the 1960s. Biden is not there yet. Republicans can’t be against an infrastructure recovery, but they vehemently oppose the way Biden wants to pay for it, with more corporate taxes and more money out of the pockets of rich Americans. This high line is debatable for some moderate Democrats, while the party’s left expects a major climate change. “Wall Street did not build America,” Biden said, “as the middle class did.” These are people who have not made any progress in recent decades and are now allowed to play their part. Business magazine The Economist has an old-fashioned feeling about it. Due to the epidemic, the United States has also become accustomed to government bags. It is no longer an enemy, it may even be the machine of the economy. Forty years after Ronald Reagan’s famous words, the government is the solution, no longer the problem. So Biden is on the right track, and he too must move quickly: he must not lose his narrow parliamentary majority in next year’s by-elections.
