Launching an economic pitch expected to anchor his fall presidential campaign, Democratic candidate Joe Biden is proposing sweeping new uses of the federal government’s regulatory and spending power to bolster U.S. manufacturing and technology firms. Among other policies expected to be announced Thursday
Launching an economic pitch expected to anchor his fall presidential campaign, Democratic candidate Joe Biden is proposing sweeping new uses of the federal government’s regulatory and spending power to bolster U.S. manufacturing and technology firms.
“This will be the largest mobilization of public investments in procurement, infrastructure and since World War II,” senior adviser Jake Sullivan told The Associated Press, with the campaign promising additionally that Biden would require that effort in domestic markets before negotiating any new international trade deals.
Biden will continue in coming weeks with an energy plan to combat the climate crisis and a third package on what the campaign has dubbed the “caring economy,” with a focus on making child care and elder care more affordable and less of an impediment to working-age Americans.
Republicans nonetheless have made clear they will attack Biden on trade and the economy, framing the Democratic establishment figure as a tool of the far left on taxes and a willing participant in decades of trade policy that gutted American workers. Trump also has lampooned Biden as “weak on China.”
The campaign’s outline ahead of Thursday emphasizes that Biden wants a resurgence in U.S. markets before engaging in new trade deals abroad. That includes joining the Trans-Pacific Partnership that Biden advocated when he served as President Barack Obama’s vice president. Trump opposed TPP as a 2016 candidate. China is not a TPP member.
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