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‘Bidenomics’ is a godsend for rural America (thehill.com)

submitted 1 year ago by MicroWave@lemmy.world to c/politics@lemmy.world

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I grew up in a rural community, began my career as an organizer in small towns, and now lead one of the largest efforts to rebuild pro-democracy, pro-worker civic capacity in rural America. So I can speak with some authority when I say that President Biden, somewhat surprisingly, has ushered in a new economic paradigm that can radically transform the lives of rural people and build a more politically and economically secure future for all Americans.

He calls his agenda “Bidenomics,” a term that will be hotly debated in the months ahead. But what does it mean? And what’s its significance for rural people?

In simplest terms, Bidenomics arguably is the most significant departure in 40 years from the “free market revolution” that rose to dominance in the 1980s — a dramatic alteration to our country’s economic trajectory.

…

The combination of executive and congressional action since Biden took office — from the American Rescue Plan, to the Bipartisan Infrastructure Law, to the CHIPS Act, Inflation Reduction Act and key executive action promoting competition and protecting workers — presents greater potential for revitalizing rural communities than anything since the New Deal. These were huge steps in the right direction, and yet rural people are still struggling. The updated Rural Policy Action Report offers a continued roadmap for how to help rural communities, protect the environment and core freedoms, and renew shared prosperity across geographic divides.

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[-] autotldr@lemmings.world 1 points 1 year ago

This is the best summary I could come up with:

In simplest terms, Bidenomics arguably is the most significant departure in 40 years from the “free market revolution” that rose to dominance in the 1980s — a dramatic alteration to our country’s economic trajectory.

Family farmers have been driven out of business in droves by ever-growing multinational companies running massive factory farms that pollute the air and water in local communities.

And a continual wave of tax cuts that too often benefit only the wealthiest and most powerful have placed an incredible strain on the essential infrastructure that rural people need to live and work, including schools, healthcare, internet and roads.

They developed a policy roadmap that can rebuild local communities; elected leaders of all stripes would benefit from adopting this popular agenda that connects strongly with rural voters.

The combination of executive and congressional action since Biden took office — from the American Rescue Plan, to the Bipartisan Infrastructure Law, to the CHIPS Act, Inflation Reduction Act and key executive action promoting competition and protecting workers — presents greater potential for revitalizing rural communities than anything since the New Deal.

These policies rest on the indisputable fact that everyday people — small-business owners, family farmers, workers, even unpaid caregivers — drive our economy.

The original article contains 687 words, the summary contains 202 words. Saved 71%. I'm a bot and I'm open source!

this post was submitted on 24 Sep 2023

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