The Investing in America agenda is a series of investments in areas of the economy that are critical for national and economic security but underfunded by the private market, including infrastructure, clean energy, and research and development. This post will be a living compilation of those resources-we invite you to follow along and help us build a stronger, fairer economy for the long-haul. In the coming weeks and months, we will share additional resources to help track the research that informs our policies, and the evidence for what has happened since they passed. Tracking the latest economic research and improving analytic data and measurement tools are paramount to successfully implementing these Bidenomics policies. competitive in critical industries and a leader in innovation and infrastructure. Working with Congress, the President has signed into law three historic pieces of legislation to make this vision a reality-the Bipartisan Infrastructure Law, the CHIPS and Science Act, and the Inflation Reduction Act. The pillar includes investments in building the clean energy economy, manufacturing semiconductors domestically, and updating our infrastructure-all designed to support the middle class and re-establish a strong economic foundation in America, as opposed to benefitting those at the top and hoping those benefits trickle down. This post provides resources on the first pillar-investing in America-which is grounded in economic research about what investments need to be made and how those investments should be implemented in order to ensure sustained, equitable growth. Taken together, these pillars will support strong, sustainable, and shared economic growth. They are informed by a body of research that has shown that growing the economy equitably requires rethinking certain core economic assumptions, and instead expanding the productive capacity of the American economy through evidence-backed government investments. The three pillars of Bidenomics-making smart investments in America, empowering workers, and promoting competition to lower costs and help small businesses-were born from mounting evidence of the magnitude of these challenges. Economic policies have underestimated the importance of public investment for economic growth, equity, and wellbeing. The pace of growth has been too slow and has delivered uneven benefits across our society. economy has seen rising inequality, mounting costs from climate change, and economic shocks like the pandemic and Great Recession. It starts with recognizing that in recent decades, the U.S. President Biden’s economic vision-Bidenomics-is about building the economy from the middle out and the bottom up. Heather Boushey, Chief Economist, Investing in America Cabinet
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |