Biden's Industrial Policy Sparks Manufacturing Boom in the USA
The Inflation Reduction Act and the Bipartisan Infrastructure Law are stimulating a massive reinvestment in manufacturing, infrastructure, and good working class jobs in the United States. The battery gigafactory pipeline in the USA has surpassed the battery gigafactory pipeline in Europe. Nobel Prize winner Paul Krugman observes that Biden is not getting due credit for the manufacturing boom that is happening as a result of his and other Democrats’ policies. Despite a long, drawn out obsession with a potential recession, the economy is actually booming.