Khalid reveals that President Biden's investment in industrial policy aimed to reshape the U.S. economy, particularly to counter the rise of China as a global economic power.
Deese emphasizes that the embrace of industrial policy was necessary not only for economic rejuvenation but also as a strategic response to the evolving global landscape, highlighting the importance of government investment.
Manak notes that the Biden administration's approach included both incentives for clean energy and protective measures like tariffs, showcasing a comprehensive strategy to boost manufacturing while addressing national security.
Biden's administration represents a significant shift in policy, returning industrial policy to the forefront of political and economic discussions in America, as noted by several commentators.
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