What is behind the ambitious plan launched by Joe Biden to reactivate the economy and boost China’s rise

President Joe Biden has a plan to deal with the crisis of the pandemic and promote China’s growing competence. It’s a program of parties, of approximately four trillion dollars, to rebuild the economy. The first tram, the American Employment Plan, consists of $ 1.9 trillion approved by Congress. Second, Biden presented the miracles in a speech delivered at a training center of the Carpinterts Union in the pitfalls of Pittsburgh, the most important modernization effort from the Roosevelt New Deal and the most extensive infrastructure restructuring since Eisenhower provided the network of motorways that connect the entire country in the 50s.

Son 32,000 kilometers of roads and motorways, the repair of 10,000 points and the construction of five miles of electric cargo charging stations. Everything is in the near future and will create millions of jobs. “It’s not a plan that has anything to do with chiquities,” Biden said in his speech. “Is it great? Sí. Is it audaz? Sí. And can we agree? Yes ”. Well, everything depends on the Republican opposition in Congress, which has the impossibility of increasing the amount of money spent. In Washington it is said that there will be one of the most disputed projects in History.

Although no one can say that it is not necessary. Following the Association of Civil Engineers, 43% of motorists are in poor condition, while 42% of the 617,000 points are less than 50 years old. 7.5% of them are structurally deficient. The public investment is 40% higher than the present year and the richest countries in the world figure in the 13th century, which values ​​the quality of its infrastructure. “We will invest in the land of a vista form from which we build the interesting motorways and take up the special career”, underlined the Casa Blanca. In his speech, Biden described it as “the mayor’s plan of inversions of the Second World War, which will create millions of well-paid employees; the plan of a generation ”.

Además de rooi flessie, contempla modernize la red electrica, eluministro de agua y el acceso a the Internet band anchor with the latest 5G technology. También is also reconstructing the millions of houses and buildings, schools and shelters. And all with a lot of innovation work in design and technology. This year, the most ambitious initiative is the one that will end with the cars being combustible and the historic dependence of the United States on petroleum. La “revolution del coche eléctrico” retained all the menos up to 20% of the buses of the transport school. Somewhat essential to accompany the complete renovation of the car park for cars that do not produce power supplies.

Biden makes sure you can finance everything you have an increase in taxes on the large corporations that go from 21% werklike to 28%. Obviously, there will be a major opposition that will test its ability to negotiate. “Increase taxes” are very bad words for Republicans and centrist Democrats. It tends to direct the contingent that exists between the party of its party that proposes a New Deal Green, with the economic revitalization taking place in the mid-term, and the conservatives and trumpeters who oppose it and not a dollar pass from private activity to State.

In all modes, four trillion dollars is an incredible amount of money, approximately a fifth part of PB estadounidense. This is the type of guest that has the possibility of transformation. But it is necessary to create a national consensus to direct the way in which the White House is maintained. Speaking of a campaign speech last October, near the famous Franklin Delano Roosevelt complex in Warm Springs, Georgia, inclined in his day by the singular moral depth and the emotional remorse of Lincoln ”. The political reference point of Biden’s plan is the New Deal. “But the New Deal works in a different economic universe: for example, the wind farm around the country and the working hours are reduced so that approximately the average of the human capital of the country is not used. The New Deal Public Works Program represents the third deal of the New Deal; was designed to help the market economy grow and become a human capital, ”wrote Benjamin Wallace-Wells in The New Yorker. Ahora, the example round the 6% and the recovery is very advanced; The economists at Goldman Sachs announced a worthwhile prognostic of the type of crime that was not observed according to the principles of the oceans. The scenario is very different.

It is not necessary to make the concrete means for the chapter that will be reconstructed the “human infrastructure”. The press office of the Casa Blanca states that the package includes the financing of universal pre-school education, the free university of communication and a more extensive known license. It’s the most important part of the proposal. All of these are established in the “liberalism of sail XXI” present Hillary Clinton and presidential antes the horse frente of Donald Trump. A plan that has been defined as “It is clear that the form of regulation that applies to the United States will release its talent, making the opportunities more accessible and equitable”.

“If we are mired by our men, even if the stadiums do not take place, we will see that other countries with an advanced education for a long time: have programs that proclaim that `somos un país´, que ‘somos una comunidad’, que` nuestros hijos son los hijos de los demás´”, Harvard Economist Claudia Goldin commented on the New Yorker’s note. “And in the United States, honestly, in order to be a pioneer in massive and free education, we will learn this concept from time to time. Nos hemos dividid en quuén a quién determina lo que ocurre con los niños, y tus hijos son tus hijos, y mis hijos son mis hijos”. The educational venture is based on other countries erosion in the last part of sail XX y, not only surpassed by the Scandinavian countries – traditionally more advanced- China in China, the potential with which the United States disputes the leadership of the revolution la segunda mitad del siglo XXI.

China will rise to the United States as the world economy mayor in 2028, five years before the previous presentation, according to the Center for Economic and Business Investigation (CEBR). This is thanks to the maneuvering of the pandemic. China launched the one-time global economy that avoided the recession in 2020, and superó an EE. UU. as skoolhoof destination of the direct inversion directly the past year. Washington’s strategic dependence on Beijing has led to the manifestation of the pandemic, as well as the disruption of the assembly line in automotive plants by the emergence of essential components, all Chinese manufactures. These quirks and delusions pretend to be the extraordinary plan launched by Biden. It is for the benefit of the stadiums pero has the ojo puesto in the chinos. It’s a good argument to win some battles with the Republicans and get the funding they need.

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