Biden: Make America Great Again
A promise of economic nationalism, an expensive infrastructure bill that’s really a make-work program, prejudice against foreigners, denunciations of Wall Street — Joe Biden is running the 2016 Trump campaign against Donald Trump in 2020.
Joe Biden gave a big economic speech in Pennsylvania yesterday, and his economic agenda has three parts: 1) a $400 billion federal-spending spree with some additional “Buy American” rules attached to it; 2) a somewhat-more-modest ($300 billion) raft of subsidies for politically connected industries (electric vehicles, telecoms) that we are going to pretend is a...