‘Wall Street didn’t create this world,’ Joe Biden says as he unveils a multibillion-dollar investment strategy.
“The rest of the world is closing in on us, and it’s closing in fast,” Biden said in a speech to the nation from Pittsburgh, Pennsylvania, on Wednesday. “We can’t allow this to continue. The American Jobs Plan is the largest increase in our federal non-defense research and development spending on record,” Biden said.
President Joe Biden has said that his USD 2 trillion investment initiative, called a “once-in-a-generation” strategy, would help the US strengthen its global competitiveness, modernise ageing infrastructure, and solve climate change.
“The rest of the world is closing in on us, and it’s doing so easily. This cannot be allowed to happen. The American Employment Initiative reflects the greatest boost in non-defense research and development spending in US history “In his speech to the country on Wednesday from Pittsburgh, Pennsylvania, Biden said.