Biden Touts US ‘Factory Boom’ in Bid to Sell Voters on Economy
July 28, 2023
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1:00Now PlayingBiden Touts US ‘Factory Boom’ in Bid to Sell Voters on Economy
YouTube Description
as posted by the channelPresident Joe Biden said the US was experiencing a surge in manufacturing that was delivering higher wages to American workers as he sought to improve his standing on the economy with skeptical voters.
“We’ve attracted over a half a trillion dollars in private investment in manufacturing in America, industries of the future,” said Biden during a visit Friday to an Auburn Manufacturing Inc. factory in Maine. “We’re seeing a factory boom.”
Biden cited figures showing that investment in manufacturing construction just had its single largest contribution to the nation’s economic growth in more than four decades, contributing 0.4 percentage point to better-than-expected GDP growth in the second quarter — a development economists attribute in part to the president’s policies.
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