Friday, May 28, 2021

I Like the Sound of Biden's Plan!

Biden in Ohio yesterday laid out an impressive, universalistic vision for investing in and transforming the economy. It's a great vision but realistically his margins in Congress are too thin to realize it in full or probably even close, no matter how astute the legislative tactics. So this vision will likely only be realized over the long haul and for that he needs more Democrats. It's as simple as that.
From Axios AM's coverage of Biden's Ohio speech:
" President Biden echoed FDR's New Deal during a speech at a community college in Ohio yesterday, dubbing his own multitrillion-dollar plans "a new bargain."....
Promoting a "Blue Collar Blueprint for America," Biden contrasted himself with his Republican predecessors when he added: "Everyone is going to be in on the deal this time."
This is Biden's take on former President Trump's "Make America Great Again" — a populist appeal, minus dog whistles, for the U.S. to reclaim its post-World War II glory...
Biden today will unveil a $6 trillion budget proposal for next year that runs a $1.8 trillion federal government deficit. The plan "would take the United States to its highest sustained levels of federal spending since World War II," the N.Y. Times reports.
During yesterday's speech at Cuyahoga Community College in Cleveland, Biden invoked long-ago works projects — and China's rise on the world stage — to make the case for tax increases and deficit spending to reset the balance between the wealthy and the working class.
"We're going to take back some of that 1% money and make 'em pay for it," he said, referring to Trump tax cuts for the wealthy and corporations....
Rallying Americans around this argument is Biden's best chance to enact elements of his $6 trillion budget, and keep pressure on Republicans to commit to new infrastructure spending. "We have to start investing in ourselves again," he said.
He recalled the U.S. bringing electricity to the masses in the 1930s and connecting the interstate highway system in the 1950s.
Over three decades, Biden said, the U.S. slipped from the top to No. 9 for R&D spending worldwide, while China rose from No. 8 to No. 2.
"We're in a race to see who wins the 21st century," he concluded. "We must be No. 1 in the world to lead the world."
Spoken like a true liberal patriot! Now if only everyone could focus on electing more Democrats to help him out....

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