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Biden unveils $700bn 'buy American' proposal to revive US industry
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Quote:Democratic contender lays out optimistic economic vision

Biden accuses Trump of protecting wealthy ‘cronies and pals’

In an election year shaped by overlapping national crises, Joe Biden on Thursday laid out an optimistic economic vision, presenting a moment of turmoil as a “tremendous opportunity” to revive American industry, address systemic inequality, and prepare the US for threats posed by future pandemics and climate change.

At a metalworks near his home town of Scranton in Pennsylvania, Biden delivered the first in a series of speeches detailing his economic agenda and framed around a new slogan: “Build Back Better”. In a speech full of populist appeal, Biden declared manufacturing “part of the engine of American prosperity – now” and accused Donald Trump of protecting wealthy “cronies and pals” instead of working-class families.

“Throughout this crisis, Donald Trump has been almost singularly focused on the stock market, the Dow, the Nasdaq – not you, not your families,” the former vice-president said. “If I am fortunate enough to be elected president, I’ll be laser-focused on working families.”

Biden directly challenged Trump over his stewardship of the economy, which the president’s campaign see as his greatest – perhaps only – advantage. Though Biden dominates national and battleground state polling, voters consistently say they have more confidence in Trump’s handling of economic concerns.


Before his remarks, Biden’s campaign unveiled a proposal to invest $300bn in research and development of technologies such as electric vehicles, 5G cellular networks and artificial intelligence, and an additional $400bn for federal procurement of products made in the US. The plan would create “at least 5m new jobs in manufacturing and innovation”, according to an outline provided by the campaign, which touted the “largest mobilization of public investments in procurement, infrastructure and [research and development] since the second world war”.

Other policies include making it easier for workers to unionize and bargain collectively, and tightening enforcement of “buy American” laws designed to protect American industry.

The push to “buy American” and create jobs is part of a broader economic platform to “mobilize the American people”, which includes, according to the campaign, an investment in a “clean energy future”; support for caregivers and domestic workers; and racial equality. Biden will roll out policy blueprints on those subjects in the coming weeks before the convention in August, his campaign said.

During the primary, Biden was criticized from the left for failing to call for “big structural change” like his rivals Bernie Sanders and Elizabeth Warren. But under historic unemployment and widespread financial uncertainty, Biden has started outlining an economic vision that compares in ambition and scale to Franklin Roosevelt’s New Deal.

On Thursday, Biden said the pandemic, compounded by protests against police brutality, had shifted public opinion by exposing stark racial and economic disparities.

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“The blinders have been taken off the bulk of the American people,” he said.

Biden’s economic recovery plan draws from his primary opponents, most of whom embraced sweeping plans such as Medicare for All and the Green New Deal. It includes a version of a plan first proposed by Warren, a contender to be Biden’s running mate, to leverage the federal procurement process to buy US-made products and create jobs.

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