Fareed Zakaria Argues: Why Biden’s Economic Strategy Didn’t Win Back the Working Class
In his analysis of President Joe Biden’s economic policies, Fareed Zakaria presents a compelling argument: despite bold interventionist measures, these strategies have largely failed to resonate with America’s working class. While Biden’s administration has poured billions into infrastructure, manufacturing, and clean energy, the political dividends among the working-class demographic remain elusive. So why hasn’t economic interventionism delivered the intended results? The Promise of Economic Interventionism From the outset, Biden positioned himself as a champion of the working class. His economic agenda included sweeping investments in public infrastructure and manufacturing through bills like the Inflation Reduction Act and the Bipartisan Infrastructure Law . These measures were designed to create jobs, bolster domestic industries, and rebuild the middle class, particularly in regions hit hardest by globalization and deindustrialization. By advocating for a “Made in America...