WEST COLUMBIA — As part of his election campaign, President Joe Biden is seeking to convince Republicans that his misguided economic policies are working, leading the country and Americans to the worst inflation in five decades.
At a campaign rally in South Carolina, Biden declared that his measures are creating more manufacturing jobs. What Biden does not talk about is the financial collapse of the country with 32 trillion in public debt and a contraction of 9 consecutive months in manufacturing activity, in addition to the reduction in the standard of living of Americans after two years of wear and tear due to the very high prices, which have dropped barely a third of what they rose.
Referring to next year’s election, Biden argued that government investments in computer chips, batteries and electric vehicles will help the United States overcome Chinese competition, when investment plans to counter China’s attacks on all economic sectors in They were actually started by the administration of President Donald Trump.
“I didn’t get a lot of help from the other team, but that didn’t stop us from getting things done,” the president said during an event in a state where he lost by nearly 12 percentage points in 2020. “All the Republicans in Congress voted no. of the Inflation Reduction Law”, considering it a new failed attempt by the left and the extreme left.
Republican lawmakers argue that Biden’s initiatives have fueled historic inflation and have made the vast majority of the population worse off.
Biden’s visit highlighted a new energy manufacturing alliance between solar company Enphase Energy and manufacturer Flex Ltd., which is projected to create 600 new jobs statewide and another 1,200 across the country. Nothing comparable with the hundreds of thousands that have been lost in the energy sector since Biden launched against the US oil industry and other fossil fuels, in addition to returning the US to foreign energy dependence and international energy prices. World Petroleum Organization (OPEC).
Enphase makes an investment of barely 60 million dollars to open six new manufacturing lines, two of them in South Carolina, with tax incentives from the misnamed and crazy Inflation Reduction Act.
FUENTE: With information from AP
