[ISiddiqui]

Biden comes out swinging with a massive spending plan to spur the US economy:

https://www.washingtonpost.com/polit...af1_story.html

Joe Biden unveiled a proposal Thursday to spend $700 billion on American products and research, challenging President Trump’s “America First” agenda with a competing brand of economic nationalism and setting the stage for an election-year showdown over the country’s financial future.

The announcement prompted swift frustration from some Trump allies that Biden’s “Buy American” push was released before Trump could enact a similar proposal that has been held up for months amid internal objections, according to current and former officials. Stephen K. Bannon, a former chief Trump strategist, said the president’s team was “caught flat-footed.”

The Biden campaign plan for manufacturing and innovation says it will bring back jobs lost this year and create at least 5 million more with sweeping investments in domestic technology; reduce dependence on foreign countries to supply critical goods; and implement trade and tax policies that empower U.S. workers.

“When we spend taxpayers’ money, when the federal government spends taxpayers’ money, we should use it to buy American products and support American jobs,” said Biden in a speech in Dunmore, Pa. The presumptive Democratic nominee spoke at a metalworks plant, delivering first major element of what his campaign says will be a four-part agenda to spearhead an economic recovery.

“Enough is enough,” said Biden. “It’s time to reverse the priorities in this country. It’s time to help small businesses, middle-class folks, manage their way through the pandemic.”

His new platform focuses heavily on using the power of the federal government to promote a U.S. domestic manufacturing base. He is advocating a $400 billion procurement initiative over four years to spur demand for American products and services, as well as a $300 billion investment in U.S. research and breakthrough technologies. Half of the $300 billion is in clean-energy initiatives that were previously announced, the campaign said.

Brilliant strategy too, focusing on bolstering domestic industry and outflanking Trump.