Bidenomics: Economic policy under time pressure – will it convince voters?

Bidenomics: Economic policy under time pressure – will it convince voters?

The article deals with President Joe Biden's economic policies and the challenges he faces. It emphasizes that Biden must win broad support for his economic policies by the next presidential election, especially among undecided voters in key swing states. A survey shows that this group is not yet convinced of Biden's abilities as an economic politician.

An important part of Biden's economic policy is the promotion of new technology centers. The so-called Chips Science Act is intended not only to promote the production of semiconductors, but also to provide financial support to regional technology hubs in various states. The aim is to create new technology locations in order to reduce dependence on already established centers such as Silicon Valley.

The effects of these measures cannot yet be estimated. However, they are expected to be able to strengthen US economic growth, national security and competitiveness. They could also help to reduce differences in prosperity and promote disadvantaged regions.

Another important aspect is the question of the wealth gap between different population groups. A Federal Reserve analysis shows that a typical white family has about six times as much wealth as a typical black family. This highlights the social inequality in the USA. It emphasizes that black voters have been a reliable group of voters for Biden so far, and so it is important that his policies also have a positive impact on their incomes and wealth.

Overall economic developments will be closely monitored and analyzed as they will be crucial to Biden's political future. It remains to be seen how voters will react to the measures taken so far and the planned funding programs.

Source: According to a report by www.faz.net