June 19, 2024


Education, What Else?

Heather Cox Richardson: Biden’s Economic Plans Attract Massive Investment and Jobs

3 min read
Heather Cox Richardson: Biden’s Economic Plans Attract Massive Investment and Jobs

Heather Cox Richardson writes a blog about national affairs, often drawing upon her background as a historian. In this post, she writes that Biden is not getting credit for his successful legislation. In the excitement about the Georgia race, I didn’t see any mention of what happened in Arizona, which she describes here.

Today, President Joe Biden traveled to Arizona to highlight how the CHIPS & Science Act is bringing innovation and jobs to the country. He visited a facility that Taiwan Semiconductor Manufacturing Company (TSMC) is building north of Phoenix, where he met with chief executive officers from several companies and with lawmakers. TSMC has recently committed to investing $40 billion in Arizona to produce advanced semiconductors, the very sort of investment the CHIPS & Science Act was designed to attract.

Biden noted that this investment will bring more than 10,000 construction jobs and 10,000 jobs in high tech, and he emphasized that the Democrats’ investment in the nation’s economy is paying off. The country has added jobs in every month of Biden’s administration—10.5 million of them—and exports are up, helping the economy to grow at 2.9% last quarter. And Walmart’s chief executive officer yesterday said that prices are coming down for toys, clothing, and sports equipment, while the chief executive officer of Kroger says prices for fresh food products are also easing.

But, Biden said, he is “most excited” about the fact that “people are starting to feel a sense of optimism as they see the impact of the achievements in their own lives. It’s going to accelerate in months ahead, and it’s part of the broad story about the economy we’re building that works for everyone: one… that positions Americans to win the economic competition of the 21st century.”

“Where is it written that America can’t lead the world once again in manufacturing?” Biden said. “We’re proving it can.”

Biden has apparently tried to undercut the radical right by ignoring its demands and demonstrating an America in which everyone works together to solve our biggest problems. His trip to Arizona was in keeping with that program, with White House press secretary Karine Jean-Pierre telling reporters that his trip was about “the American manufacturing boom we’re seeing all across the country thanks to, again, his economic policies… [and] in large part thanks to the CHIPS and Science Act the President signed into law—and a historic—let’s not forget—a bipartisan piece of legislation.”

But reporters immediately asked if President Biden would visit the border in Arizona, bowing to a right-wing talking point. Jean-Pierre responded that Biden would not engage in a political “stunt,” as the Republicans have been doing, and was instead going to Arizona “to talk about an important initiative that’s going to change Americans’ lives, specifically in Arizona.”

The follow-up? “If the President is not going to make time to visit the border during [this] trip…, will he do it… in the new year?”

The news from the right-wing faction in the nation often seems to steal the oxygen from the sober, stable politicians trying to address real issues and doing so with more than a little success.

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