Recently, a report revealedUnited States**The waste of $900 billion in public finances this year alone has attracted widespread attention. Part of this huge expenditure is for odd projects, such as granting millions of dollars to study Russian cats. These wastes becameRepublican Party of AmericaSenator Paul attackedDemocrats** Shells designed for next yearUnited States**to gain the support of voters.
BidenEconomicsrefers to the strengthening of the state by thatEconomyto attract the world by providing subsidies and other meansNew energyand other high-tech industries have taken root in the United States, thereby reviving the American manufacturing industryEconomyTheory. From the point of view of purpose, BidenEconomicsThere is indeed a certain merit. United States**Be aware of the selfTrumpSince coming to power, the domestic manufacturing industry has had the problem of "hollowing out". EconomyThe virtualization and capitalization of the United States have gradually lost its dominant position in the global industrial chain, which is very important to the United StatesEconomyand global hegemony poses a threat. Trumpput forward the strategy of returning the manufacturing industry to the United States, and Biden continued this line of thinking, by attracting manufacturing from other countries and regions to enhance the manufacturing advantage of the United StatesThe right to speak
Biden** has introduced a series of incentives, such as the Inflation Reduction Act, aimed at attracting the worldNew energyThe auto industry has made its home in the United States. Under the provisions of the Act, businesses produce in the United StatesNew energyCars receive tax incentives and subsidies of $7,500 per vehicle. Such a policy did play a role in the early days, attracting some manufacturing companies. However, some Republicans and scholars have pointed out that this policy of attracting manufacturing chains to the United States with high subsidies is violatedEconomyRegularity may work in the short term, but in the long run it will exacerbate problems such as inflation and debt crises. In addition, the cost of production in the United States is not low, and with other problems, it is difficult for these companies to achieve a competitive advantage in terms of cost. Hence BidenEconomicsThe appeal has also become limited.
Another important policy is theChipsand the Science Act, which aims to attract semiconductors and semiconductors around the worldChipsThe company has settled in the United States or neighboring countries. However, the reality is not so smooth. TSMC originally promised to the United StatesChipsThe plant has invested $40 billion, but so far, the plant has not come online, and there are growing problems with local ** in the United States about hiring workers. This shows Biden againEconomicsDifficulties and challenges in implementation.
For BidenEconomics, Republicans andDemocratsThe controversy between them has become 2024United States**Potential tipping point. Republicans have questioned the feasibility of using high subsidies to entice manufacturing to take root in the United States, arguing that such a strategy is violatedEconomyregular, and may exacerbate inflation and debt crises. WhileDemocratswill continue to insist on BidenEconomicsIt can lead to the revival of American manufacturing. In 2024, whoever can better present his point to voters is likely to win.
In a word, despite BidenEconomicsIt has attracted some manufacturing companies initially, but in the long run, policies that attract manufacturing to the United States with high subsidies can cause a number of problems, including inflation and a debt crisis. This controversy is already in 2024United States**There is a fierce game between the two parties.