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Biden’s economic legacy
Jul 25, 2024
President Biden's economic legacy will be marked by industrial policies like the CHIPS Act and Inflation Reduction Act. Vice President Harris is shaping an agenda emphasizing healthcare and childcare. Tesla's earnings drop and tech companies weigh on stock market. Paris Olympics and city's image enhancements discussed.
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Quick takeaways
- Biden's industrial policies pivot towards long-term investments over tariffs for economic growth.
- Kamala Harris champions caregiver-centric economic reforms to address societal challenges and support families.
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Impact of Biden's Economic Policies
President Biden's economic policies mark a substantial shift in focus, with industrial policy gaining prominence over tariffs. The implementation of initiatives such as the CHIPS Act and the Bipartisan Infrastructure Law underscores this transition. However, the long-term effects of these policies remain uncertain, as they are expected to unfold over decades, impacting future generations without immediate payoff. This highlights the challenge of garnering political support for investments that may not yield short-term benefits.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode