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4min chapter
"Bidenomics" and the state of the economy.
Tangle
Bidenomics: A New Term for Industrial Policy
President Biden is taking a victory lap as the latest report shows 30 straight months of job gains and inflation hitting its lowest point in two years. But his approval ratings for handling the economy are tied for an all-time low, only 34 percent approved. The backbone of Bidenomics is industrial policy or government spending on heavy industry such as clean energy and semiconductor production. While Biden is continuing to sell his economic agenda to Americans, he's running head first into widespread pessimism.
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