Biden scraps reliance on market for faith in broader government role

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Biden has embarked upon the most ambitious use of federal economic power in decades as he seeks to reshape major U.S. industries for long-term prosperity while pressing businesses to deliver immediate benefits for consumers by lowering prices today.

, a solar energy start-up, to announce the administration’s decision to provide $535 million of federal loan guarantees.

at George Washington University. “You can’t do industrial policy with the technocratic approach of the last 40 years.” The mandates reflected two of Biden’s long-stalled priorities. Unable to secure them directly through Congress, the president settled for a partial victory by melding them with the semiconductor initiative. “This is not industrial policy from yesteryear. This is about boosting working families and using every possible opportunity to do it,” said Sen. Ron Wyden , the chairman of the Senate Finance Committee.

Last week, Biden took credit for Eli Lilly’s price-cut move and called on other drugmakers to follow.

 

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Hahahahahaha. Try objecting reporting anything, WAPO

Can you say communist. How can anyone want our corrupt and inefficient government running anything. Side note, especially health care.

He's trying to out last his administration, that's his endgame.

Lmfao sure, foo.

It’s called abuse of power

I saw gas at $7.00 to $7. 99 in one station. That was a new price. Usually $4 to $5 dollars. That other administration only had $2dollar gas. What’s going on?

Is that why prices keep going up?

Oh god

It’s about f’n time. The industrial/trade policies of other countries, mainly China, along with globalization have destroyed American manufacturing. Yes, let the market decide what products are best but let government have a say in structural policy

Sir his excellency,president joe biden,is a good president.

Yet we have record inflation

The Gov doing this is the very same one that is $31 TRILLION in debt...

Government has NEVER succeeded in anywhere near efficient or ethical ways. And yet we continue to allow them to overstep..

Did Biden’s cronies write that headline for you?

Oh yes...less markets...more Govenment! That always works.

Go man, go. I'm with you all the way. .

Yea, state control always works so well. Sleepy Joe the socialist.

And giving us record inflation while wanting to pay off college kids’ consensual student debt.

...because it worked so well in North Korea

Biden is simply a socialist. He cannot comprehend capitalism. Never did. Never will.

So he’ll sign the willow act in alaska?

Yeah, that capitalism shit will never work.

Biden should be impeached!

WaPo LIES for Democrats!

Total corruption at every level of Washington

Translation: Government run auto, energy, health care, investing, education, manufacturing, etc. Can the WP name an industry that is more efficient when run by the government?

What exactly does federal economic power mean?

'The oligarchs have new ways to make massive profits of the peasants and president Biden is all in.' More accurate journalism from 1 of the peasants. 🤷‍♂️

I thought we were bringing manufacturing and jobs here?

Lol wa pos.

Adorable that you frame this as a good thing. Tragic though.

Economic idiocy

Translation - What used to be the Democratic Party is now engaged in all-out fascism.

He what?...🤣🤣🤣🤣🤣🤣

How can you demand higher wages and low cost at the same time, how does that work?

This is disinformation & propaganda in its purest form. This media outlet is trash.

You can't control the economy without controlling people.

🙌🙌🙌

WaPo pushing for a government-run command economy.

Truth is a powerful weapon

We’ll print more cash

Goofy old man

Sounds like actual fascism... Like Mussolini fascism.

Also known as Socialism

Authoritarian

Someone in charge should tell JoeBiden that his efforts are having the reverse effect of those advertised.

Hahahahaha 😂😂

I like how befuddled he looks

“ I am from the government and I am here to help. “ ,the worst words ever spoken in the USA. Thanks

That is a sure fire recipe for disaster.

So, he's pushing price controls?

that man is what is called a real President

I believe the term you're looking for is Gov't Overreach

It's pronounced 'leadership' you're welcome

This is straight up propaganda—- did you consider journalism before typing the headline? Lol

TODAY. ENGLISH THAT IS NOT HARD.

and the GOP is attacking drag queens. Yes, both parties are exactly the same 🙄

Lenin did this. It didn’t work very well.

Lmfaooooooo

Is it gonna force Hollywood to make movies cheaper? Force universities to make college education cheaper? And by the way, how much is a Washington Post subscription these days?

You mean he scraps the law.

Do you know how you lower inflation? You remove money from circulation and print less. This causes the value of currency to rise due to scarcity and prices to drop due to abundance. Unless you can convince the people hoarding wealth to spend you cannot reduce inflation.

Your lying again. New businesses are getting subsidies or committed to building back in America under Trump and delayed by Bidens extensive incompetent shutdown. They didn't need subdidiee under Trump or cost American tax dollars. Do we get rebates on what on what they make?

Does the profit motive solve all problems? kNOw The community motive came first. Then profit is both possible and necessary. Creation and maintenance of value is the purpose of all enterprise. Community Motive identified by Aldo Leopold in 1944 as the purpose of education.

I love it how a demented old guy who's the puppet of the communists destroys it all. I'm European so I don't care if the woke weaklings in America destroy themselves, we'll gladly take it all over :)

How many times will this propaganda piece compare senile Joe to FDR the socialist?

So, potus JoeBiden says lower your profits businesses and sink more of the fewer profits into R&D that may or may not be of a future benefit? USChamber USCCFoundation federalreserve

JoUrNaLiSm, 2023

Not a clue. An oasis of ideological nonsens.

Nice spin on 'too little too late' policy.

Government intervention vs capitalism..what could go wrong?

That is called fascism.

That’s not his job. In fact he doesn’t understand our market driven capitalist economy!

Finally! Some decent topics!

When will you guys just change your name to the Democratic Party Propaganda Machine, you know, truth in advertising.

Bullchit

Absolutely not! Worst President ever! Next to Obama!

He’s ruining the country, but nice propaganda.

The fastest way to ruin an industry is to let the government get involved.

Gee,,sounds exciting!! 😂 😆

How? What is his time-line? What exactly, to the bullet point is the plan? Oh that's right, it's not true

Do you have a link to this story that could possibly work? Currently Twitter is failing AGAIN

Sounds fascist.

This is a communist tactic.

Simping for the dementia patient again?

Why This Means Trouble for Joe Biden.

Does the DNC write most of your pieces now?

God bless🇺🇸

Is this a PR piece or journalism? Written without a single ounce of journalistic integrity. WashPo = Biden Admin.

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