A Blue-Collar Blueprint
Last week, Roosevelt President and CEO Felicia Wong urged President Biden to show Americans a new vision of government at the State of the Union.
It seems he got the memo.
“My economic plan is about investing in places and people that have been forgotten,” he told the nation on Tuesday. “This is a blue-collar blueprint to rebuild America and make a real difference in your lives.”
Central to that blueprint is the successful implementation of last year’s Inflation Reduction Act and CHIPS and Science Act—industrial policy advances that could be transformative.
“It isn’t quite the arrival of a New Deal; it’s not like we’ve created all these new agencies,” Wong told The New Yorker’s John Cassidy.
“But it is a new way of using the government in a multipronged and muscular manner to shape, prod, and mobilize the economy in certain directions . . . They are trying to shape markets, ultimately.”
Read more in “Joe Biden’s Innovative Attempt to Reshape the American Economy.”
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