Odd Lots Jared Bernstein on the Next Stage of Bidenomics
5 snips
Jul 4, 2023 Jared Bernstein, head of the White House Council of Economic Advisors, shares insights on the recent buzz around Bidenomics and its impact on the U.S. economy. He discusses the unexpected optimism amidst inflation and labor challenges, highlighting key achievements in manufacturing and clean energy. Bernstein explains the administration's balanced approach to international trade and how public investment ties into anti-monopoly measures to support the middle class. The conversation emphasizes strategies for job creation and the importance of a progressive tax code.
AI Snips
Chapters
Transcript
Episode notes
Bidenomics: A Long-Term Vision
- Bidenomics aims for long-term economic transformation, going beyond short-term market fluctuations.
- It prioritizes bottom-up, middle-out growth through public-private investments.
Reframing Industrial Policy
- Industrial policy has always existed, often shaped by lobbyists influencing the tax code.
- Bidenomics aims for a more thoughtful approach, shifting from trickle-down economics.
Ensuring Cost Competitiveness
- Focus on creating an environment conducive to cost-competitive production within new factories.
- Empower and educate the workforce through training programs like those in the CHIPS Act.