No. of Recommendations: 1
While each of us has different views on the particulars of various economic policies, we all agree that Joe Biden’s economic agenda is vastly superior to Donald Trump’s. In his first four years as President, Joe Biden signed into law major investments in the U.S. economy, including in infrastructure, domestic manufacturing, and climate.
Together, these investments are likely to increase productivity and economic growth while lowering long-term inflationary pressures and facilitating the clean energy transition.
During Joe Biden’s presidency we have also seen a remarkably strong and equitable labor market recovery—enabled by his pandemic stimulus. An additional four years of Joe Biden’s presidency would allow him to continue supporting an inclusive U.S. economic recovery.
This is the argument from the letter you are referring to.
Maybe I am stupid or possibly blind. They don't appear to have applied a lot of elbow grease into their analysis/statement! It looks like a simple line of reasoning beginning with Together-see above. Why will these investment have that effect? or will they.
Have you been following these investments so far. The green investments, which they refer to do not appear to provide any productivity or inflation reducing benefits. In fact, many are well below expectations. I will point out that rural charging never got off the ground! Complete failure. EV rollouts are causing enormous losses for our homegrown auto companies. Ford is losing $100 K + per car. GM big losses but less than Ford. Where are the productivity gains in this? Can you please explain to me how Green initiatives lead to lower inflation and higher productivity.
Most of the infrastructure projects have yet to be rolled out. How do you quantify the economic benefit of these without organizing these by type and evaluating them which they appear to not have done.
The letter as I pointed out before is a total fluff piece.
You would make a great politician. The government screws up everything they touch. Why should these projects be any different.
These comments above are even more bogus than I originally thought.
It will be profit focussed businesses that save the day as always.
