Biden administration’s economic plans will shift investment to ‘forgotten’ U.S. cities, Yellen says

The Biden administration’s recently enacted spending plans for green energy, technology and infrastructure will shift investment more broadly across the United States, not just to prosperous coastal cities, Treasury Secretary Janet Yellen plans to argue on Thursday.

Unlike the Reagan-era term that focused on tax cuts and deregulation to encourage productive investments, Yellen will argue that her version will focus on a range of investments to boost productivity across more “sectors, people and places.” “Given its manufacturing focus – and manufacturing’s reliance on strong infrastructure and supply chains – we expect to see dollars catalyze innovative investments across cities and towns that haven’t seen such investment in years.”

That’s French for blue city bailout.

What a nice change having a good President now vs a crook.

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Opinion: The U.S.’s huge investment in science and innovation demands an equivalent approach in CanadaIf Canada’s governments, academia and private sector fail to match the breadth of the Biden Administration’s massive research investment pledges, we will continue to lag behind advanced economies Nah - our industry is selling our houses to foreigners. No, Canada wants equality of outcome. That means the effort is to create a lowest common denominator standard of living. Call that ‘sustainable’. No need for advancement when we just stay at our assigned homes and consume rations of bugs. We’re tapped out. Too busy funding crony “anti-hate” consultants
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