https://www.gatestoneinstitute.org/17250/biden-jobs-plan-china
For three principal reasons, his [Biden’s] jobs plan will create full employment in China. First, Biden will create substantially more demand for Chinese materials to go into America’s planned physical infrastructure improvements. Second, the large corporate tax increases he proposes will drive even more businesses out of the U.S. — and across the Pacific. Third, Biden’s “green energy” ideas will eliminate one of the crucial advantages American manufacturers now have: cheap energy.
“Unless we invest in the capacity to make the steel, cement, and the other materials that go into our roads, bridges, and other infrastructure, we will always be at the mercy of China’s Communist Party” — Jonathan Bass, CEO of Whom Home and onshoring advocate, in an interview with Gatestone Institute, April 2021.
“Domestic security, domestic economic security, is essential to international security. If we damage our economy… with all these tax hikes, including the corporate tax hikes, companies will be leaving, not coming here. We will lose jobs, not gain jobs. Our whole economy will suffer.” — Larry Kudlow, former director of the National Economic Council, Fox Business, March 30, 2021.
So, do we really need the federal government to do anything? After all, industry is moving in a “green energy” direction on its own.
“We can’t have a policy that sets us behind and still win a competition with China.” — Robert Lighthizer, U.S. Trade Representative 2017-2021, Fox Business, March 30, 2021.
“It’s the largest American jobs investment since World War II,” President Joe Biden said on March 31 in Pittsburgh, as he announced his $2.3 trillion infrastructure program. “It will create millions of jobs, good-paying jobs.”
He is correct. Biden will, in his American Jobs Plan as it’s formally called, create millions of good-paying jobs. Many of those jobs, however, will not be in America,. For three principal reasons, his jobs plan will create full employment in China.
First, Biden will create substantially more demand for Chinese materials to go into America’s planned physical infrastructure improvements. Second, the large corporate tax increases he proposes will drive even more businesses out of the U.S. — and across the Pacific. Third, Biden’s “green energy” ideas will eliminate one of the crucial advantages American manufacturers now have: cheap energy.