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Jared Bernstein on the Next Stage of Bidenomics
Odd Lots
The Positive Attributes of Bi-Dnomics Investment
Tracy: One of the criticisms that you sometimes hear about a more active industrial policy or, you know, bi-dnomics where investment, long-term investment does take a more central role. If you look at the record on the prior administration of domestic spending on manufacturing facilities, so the construction of manufacturing plants in Flatline for many years, I think it grew 2% real in the prior administration, that's up 100% since the president took office. Tracy: Of course you're going to see a big initial spend, but over the longer term that smooths out and if we do it right, it keeps delivering high quality jobs for American workers.
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