Biden's Economic Agenda Aims to Spur Growth, But Public Still Feels Economic Pinch
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The economy by conventional measures looks strong, but most people still feel economic pain from high prices and slow wage growth.
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Biden has enacted major investment laws meant to spur infrastructure upgrades, domestic tech manufacturing, and the transition to clean energy.
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These laws rely heavily on private sector investment incentivized by government subsidies and tax credits, not direct public spending.
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Oil and gas production remains high under Biden despite climate initiatives, and his economic agenda has a strong anti-China motivation.
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Biden has not effectively sold his economic policies to the public, leaving most unaware of his agenda and still feeling economic distress.