Biden is producing a ‘boom’ at the Volvo factory. | So Good News
During a visit to a Volvo factory in Maryland on Friday, President Joe Biden highlighted the growth in manufacturing after the nationwide pandemic, which the president has balanced by boosting industries such as computer chip manufacturing and clean energy.
“Let me start with two words. Made in America,” Biden began his speech. “It’s made in America. It’s not fancy. I’m not kidding about that.”
Biden made a short trip outside Washington to visit Volvo’s factory, which covers 280 acres and employs more than 1,700 people. The visit coincides with Biden’s National Manufacturing Day, a celebration of workers who are the backbone of the nation’s economy.
On Friday, Biden announced efforts to create a boom in domestic manufacturing in the United States; He emphasized his efforts to create jobs and boost the local economy. More than 670,000 manufacturing jobs have been added since he took office.
“Where is it written that America will no longer be the world’s leading producer?” Biden asked. “Where’s that written? I’m here at the Volvo factory to thank the workers and management who build heavy-duty engines, transmissions, axles for trucks and buses, and components for the electric cars of the future.”
“Across America, we’re proving that ‘Made in America’ is not just a slogan, it’s a reality,” Biden said. “It proves that our best days are ahead of us.”
Maryland’s Biden’s efforts to create a boom in domestic manufacturing in the United States; Efforts to create jobs and boost the local economy were again highlighted. More than 670,000 manufacturing jobs have been added since he took office.
About 1.36 million factory jobs were cut in the first three months of the pandemic, but it resumed in late summer under former President Donald Trump and through 2021, and the number of jobs now surpasses pre-pandemic levels.
The president is trying to grow that number even more through recently passed legislation. The bipartisan CHIPS and Science Act, passed over the summer, seeks to boost U.S. competitiveness in new technologies by investing more than $52 billion in critical semiconductor manufacturing.
Semiconductor chips in the Hudson Valley for the next decade; The event comes a day after the president made a similar stop in New York to highlight a new $20 billion investment by IBM to develop quantum computing and artificial intelligence technologies. Earlier this week, Micron in New York, It announced it will invest up to $100 billion over the next 20 years to build a chip manufacturing plant in Clay, a suburb of Syracuse.
“We’ve made historic government investments in America and we’ve driven incredible private sector investments in America,” Biden said in cheering the bill’s passage.
Biden, the anti-inflation bill passed by Democrats this fall; severe weather; Democrats welcomed the passage of the tax and health care bills, which would make the largest climate investment in US history. It has steel, $60 billion for clean manufacturing, including decarbonization and regeneration in industries such as cement and aluminum; It also includes support for domestic production of clean energy technologies.
The president also said that the bill’s provisions, including drug collection, are intended to give families some breathing room.
The incident comes after September’s jobs report showed US employers added a solid 263,000 jobs.
“Ten million jobs have been created since I took office,” Biden proclaimed. “This is the fastest job growth of any president in American history. Historic growth.”
Biden called the 3.5% unemployment rate “the lowest unemployment rate among Hispanic Americans in the history of this country, and the second lowest unemployment rate among black teenagers.”
“This recovery has been the fastest growing labor force of any modern economic recovery,” he added. ‘But there is something else; Our job market continues to show resilience as we go through this economic transition.”
“What we’re going to have to do in this transition, as I’ve been saying for some time, is to move from a historically strong economic recovery to a more stable and steady recovery,” Biden added. Abandon all the historic economic progress made by the working class and the middle class.”
With November’s midterms fast approaching, the president has sought to use a campaign style that pits Republicans against Republicans, who want to regain majorities in Congress, and urges Democrats to stay in power.
“Many of my Republican friends are basically arguing that good news for the economy is good news for America, like entrenched low jobs and low wages,” Biden said. “It’s all part of this pettiness that says, ‘It doesn’t matter what happens in the mainstream, it doesn’t matter what happens on Wall Street.'”
“This is not my agenda,” Biden said. “We can continue to grow our economy in a stable and sustainable way. We can build an economy that works for everyone.”