Bidenomics: Investing in Manufacturing, Jobs

This is a America news story, published by The New Republic, that relates primarily to David Rothkopf: Reindustrialization news.

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The New Republic

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Why Bidenomics Failed to Win the White Working Class

Summary

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77% Informative

The pitch of Bidenomics was that it could help rebuild America ’s industrial heartland by reinvesting in American manufacturing, a sector whose workers are 78 percent white and 70 percent male.

David Rothkopf: Reindustrialization could win back voters (working class white men, in particular) who had grown disillusioned with Democrats and drifted toward Trump .

He says investment in key twenty-first century growth industries would allow the U.S. to “win the future” against China , breaking its dominance in those increasingly important markets.

In an election defined in large part by economic frustrations, the Democratic Party's pitches on that front (or lack thereof) left a lot to be desired.

Offering massive tariffs and tax breaks to industrialists may have been an even worse answer to the cost of living crisis than it was to the climate crisis.

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Informative language

Neutral language

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formal

Language

English

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not offensive

Hate speech

not hateful