Donald Trump pledged to fix U.S. infrastructure as president.
ahead of November midterm elections, while Republicans campaigned by hammering the president for troubling levels of inflation.
For all of that, Americans are giving Biden low marks on the economy. Inflation has come down from a 40-year peak this summer, but consumer prices are still 7.1% higher from a year ago. The Federal Reserve isto lower inflation, something that its own projections show will cause unemployment to rise in the next year.
Biden is telling Americans that his policies will strengthen the U.S. economy over the next decade. His $52 billion for computer chip production has led to a series of factory groundbreakings in Arizona, Idaho, New York, North Carolina, Ohio and Texas that will take years to complete. The idea is that government aid reduces risk and makes it easier for these companies to invest in areas where global demand exceed available supplies.
For all the economic concerns, manufacturing has improved under Biden as factory employment totals 12.9 million jobs, the most since December 2008. Just as Biden has boosted domestic investment, he also expanded the Trump administration’s efforts to compete with China and kept his predecessor's tariffs.
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