'Bidenomics' delivered a once-in-generation investment. It shows the pros and cons of policymaking
There are so many dots on the maps they blur into blobs – each one reflecting trillions of public and private dollars flowing in the U.S. in a nationwide investment
WASHINGTON — There are so many dots on the maps they blur into blobs — each one reflecting trillions of public and private dollars flowing in the U.S. this past year to build thousands of roads, bridges and manufacturing projects in communities large and small, in states red and blue.
They include an electric vehicle “battery belt” of manufacturing stretching from Michigan to Georgia, semiconductor fabrication plants in Arizona, Texas, Ohio and New York and broadband coming to Appalachia.
Taken together, they represent President Joe Biden's ambitious attempt to use the levers of government to chart a new era of domestic manufacturing, modernizing the U.S. to compete in the 21st century.
Packaged as “Bidenomics” by the White House, the effort is the product of three major bills approved in the last Congress that are also the president's hoped-for roadmap for reelection. Republicans have balked at what they said was unwarranted federal spending. The debate between those two views could go a long way toward determining who wins the White House and control of Congress in 2024.
On the ground, it’s a mix of the promise and pitfalls of domestic policymaking beginning to take shape across the country.
“It’s this whole new world of opportunity,” said Monte Shaw, executive director of the Iowa Renewable Fuels Association, who said firms are investing millions of dollars to upgrade facilities and transform the ethanol industry.
Much like the development of the federal highway system in the 1950s or the space race to the moon in the 1960s, the undertaking is once in a
Read more on abcnews.go.com
