THE BRUMPOST
  • News

    Industry news

    Reports

    Culture

    Business News

    Gears & Gadgets

    Sci-Tech

    Android

    Apple News

    Google

    Industry news

    Africa

    Asia

    Europe

    Global Tech Stories

    US & Canada

    @Work

    Facebook

    Microsoft

    COVID-19

    Latest news, updates and stories about the global pandemic

    5G

    The 5th generation network with blazing-fast connection power

    ALL NEWS
  • How Tos

    Apps & Software

    Quick BP Hacks

    Gadget Fixes

    Internet Guide

    Security

    Buying Guide

    Turn your smartphone to a speaker

    How to stop Duplicate pictures when you post on Instagram

    All the latest on Android 12

    Use your Android phone as the webcam of your PC

    Deals

    Best tech product deals across multiple stores on Brumpost Deal

    ALL TECH GUIDES
  • Reviews

    Smartphones

    Headphones

    Wearables

    BT Speakers

    PC & Computers

    Home APpliance

    Galaxy Z Fold 3

    iPhone 13 news and leaks

    iMac 24 2021 review

    Best 5G Smartphone 2021

    Honor Update

    Huawei update

    The Best

    1 percent of the 1 percent hand-picked by our editors

    5G

    The 5th generation network with blazing-fast connection power

    ALL STORIES
  • The Bargainer

    Under $50

    Under $100

    Under $200

    Under $300

    Under $400

    Under $500

    Banggood.com

    GearBest.com

    AliExpress.com

    Best Buy

    Flipkart

    Alibaba

    Deals

    Best tech product deals across multiple stores on Brumpost Deal

    The Best

    1 percent of the 1 percent hand-picked by our editors

    ALL BARGAINS
  • More

    Videos

    Photos

    Podcast

    Featured

    This or That

    5G

    COVID-19

    Sci-Tech

    CES

    Web STORIES

    @WORK

    Best Products

  • Login
  • Register
No Result
View All Result
THE BRUMPOST
|
No Result
View All Result
  • News
  • Product Reviews
  • “How-To” Guide
  • The Barginer
  • Best Products
  • Pictures
  • Videos
Home News Industry News

How Joe Biden outline his plans on bringing back the economy after the pandemic

The President-elect's main emphasis is centered on cooperation between the two major parties in the countries in order to get his policies out

Fey Aniston by Fey Aniston
2 years ago
Reading Time: 5 mins read
A A
Joe Biden
Share on FacebookShare on TwitterPin It

Even though President Trump is currently fighting against the results of the November 3rd election, President-elect Joe Biden has stated clear his own plans to bring the economy back to its feet as he country suffer devastating effects of the COVID-19 pandemic which has sent off millions out of their jobs in the United States.

ADVERTISEMENT

The general sentiment among some economists is that it might be hard for Biden to hand off his policies to the Republican-led Senate even though there is prediction he could still get some of them out to make progress with his administration without interference from the oppositions.

The President-elect had a virtual meeting with some big tech CEOs such as General Motors, Microsoft, Target as well as a number of labor union leaders on Monday about cooperating and ensuring the economy can continue to make progress. Tis is one of the good thing which Observers think is a good news as big business and big labor union don’t usually see eye to eye.

According to a professor of law and economics at Rutgers University School of Law Philip Harvey, he stated that could indicate the way by which Biden will approach challenges of unifying the already partisan country in order to get out important things such as the stimulus bill or other priorities.

“What it’s going to take is a lot of outside pressure. That’s where the references to the meeting they had with industrial and labor leaders come in,” he said. “What’s really going to help is if large-business leaders start making calls to Republican Congress members and put pressure on them. It remains to be seen whether that will work, but I think it’s the strategy he’s going to have to pursue.”

THE SUNDAY BYTE!

Subscribe to get access to weekly tech industry updates, reports, insiders’ insights, best product Bargains and so much more every Sunday

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.

Biden also stated the development of a centralized testing and tracing strategy which was never done during Trump’s administration. With that said, its worth noting that even some Republican governors who resisted the implementation are now embracing it. There will also be the mandatory usage of face masks as well as the preparation of vaccine distribution system when one or more of the vaccines being tested becomes available.

“I was encouraged to hear President-elect Biden stress getting the transmission of the virus under control,” said Wendy Edelberg, director of the Hamilton Project at the Brookings Institution.

In order to further enhance the state of the economy, the President-elect urged the Congress to work on its efforts of agreeing on a stimulus package. “Right now, Congress should come together and pass a Covid-19 relief package like the HEROES Act that the House passed,” he said.

Edelberg said it was notable that he used the phrase “like the HEROES Act,” indicating that Biden acknowledged the need to negotiate — and, likely, to compromise — further. “I’m not sure that every provision in it is exactly what the economy needs, but it’s an excellent starting point for a negotiation,” she said.

Mark Zandi, chief economist at Moody’s Analytics, said: “If the economy looks like it might be going back into recession, I think political pressure will be very intense to pass a more fulsome package. The size of the package and what’s in it will depend critically on two things — the state of the economy on the other side of the inauguration and the pandemic.”

Also Read

FDA approve a fourth COVID booster shot. Here is everything you need to know

Older Americans to get booster Pfizer/BioNTech and Moderna COVID shots upon FDA approval

CDC says Vaccinated Pregnant Mothers can pass immunity against COVID-19 to their newborns

Queen Elizabeth tested positive for COVID-19

Biden further stressed the need for his administration to help the unemployed workers as well as families facing serious financial difficulties especially those with health care crises as well as those facing dual child care.

He also laid out his post-crisis plan which also includes his plans on how to get the economy back to its feet while also focusing on eliminating socioeconomic barriers in order to train and educate students and workers, growing renewable energy, manufacturing and technology while also investing in infrastructure and technological research nd development in the country.

More jobs is also important and despite the concerns over bipartisan situations during his administration which is one of the tough situations Trump’s administration was subjected to while the latter doesn’t seems to want to cooperate with the opposition party which caused a serious division in the country.

“We have a lot of people who now say that their previous jobs are permanently gone, and history tells us that it will take a long time for those people to get re-employed,” Edelberg said. “I think the big risk is that even once the pandemic is behind us, if we have a lot less business activity, which means a lot less labor demand, we now have millions of people who are long-term unemployed and are increasingly detached from the labor market. That is a slow ship to turn.”

Tom Guevara, director of the Indiana University Public Policy Institute, said there are bipartisan concerns and that the Biden’s administration still will face an uphill battle getting some pieces of his agenda through Congress. “Things that involve transition to greener, cleaner, newer technology for energy production may face some resistance,” he said. Biden might have more luck making inroads with a pitch to get Congress to appropriate funds to strengthen the manufacturing sector, particularly in areas with implications for national security, he said.

“The pandemic revealed our dependence on foreign sources of pharmaceuticals and medical equipment and supplies,” Guevara said. “Congress is going to have to appropriate money to build that capacity to manufacture. … We’ve outsourced a lot of know-how in the last couple of decades, [and] we need to re-shore it.”

ADVERTISEMENT

Political observers said Biden’s long history in Washington and his personal relationships with key lawmakers give him a unique opportunity to break the partisan logjam that has characterized recent attempts at pandemic relief.

“Hopefully, given his long relationship with Senate Republican leadership, that might help him [and] put him in a better spot to negotiate and cut some kind of deal,” Zandi said.

Harvey said: “What was good about the speech in particular was the theme of cooperation that he struck. It’s going to be a nightmare in the Senate, but Biden is the kind of guy who has a better chance than probably any of the other candidates would have to thread that needle.”

Source: NBC News
Tags: Coronavirus

Continue Reading

COVID-19 vaccine developed in South Africa
Sci-Tech

COVID-19 vaccine currently developed in South Africa could take up to 3 years before being approved

by Anna Xiaoling

Especially if big pharmaceuticals with approved vaccines refuses to share their data and technology

Read more
Omicron subvariant BA.2 in south africa
Sci-Tech

South Africa is seeing more cases of the Omicron BA.2 sub-variant

by Anna Xiaoling

But authorities are monitoring the emergence while bracing for a possible fifth wave

Read more
Omicron subvariant BA.2
Sci-Tech

Symptoms of Omicron subvariant BA.2 likely similar to “original”

by Anna Xiaoling

The "new" Omicron subvariant BA.2 is said to likely take over from the "original" BA.1 globally

Read more
Omicron in China
Sci-Tech

China cities on high alert as COVID-19 cases surge as Lunar New Year travel season starts

by Anna Xiaoling

The country is aggressively trying to curb the spread of the highly infectious Omicron during the holiday season

Read more
U.S. At-home test
Sci-Tech

People residing in the U.S. can now order free at-home COVID-19 tests starting from Jan. 19th

by Anna Xiaoling

The Biden administration is making available hundreds of millions of these tests for everyone in the country

Read more
Load More
ADVERTISEMENT

BEST BARGAINS 2022

BEST BARGAINS 2022

It’s a new year and it’s the best time to get yourself the best gadgets and gizmos at an extremely lower price point. Explore our Bargains and Deals from top eStores and find out what’s best for you this new year!

Learn more
  • About us
  • Advertise
  • Write for us
  • FAQ
  • Cookie Policy
  • Contact us
  • Career
  • Terms of Use
Menu
  • About us
  • Advertise
  • Write for us
  • FAQ
  • Cookie Policy
  • Contact us
  • Career
  • Terms of Use
© 2020 BRUMPOST MEDIA LLC
All Rights Reserved
FOLLOW US
AFFILIATE DISCLOSURE
Brumpost may get a commission from retail offers.
  • Login
  • Sign Up
No Result
View All Result
  • Tech News
    • Industry News
    • Gears & Gadgets
    • Sci-Tech
    • Culture
    • Business
    • Reports
  • Products Review
    • Smartphones
    • Smartwatches
    • Bluetooth Speakers
    • Headphones
    • PC & Computers
  • “How-to” Guide
    • Apps/Software
    • BP-Hack
    • Gadgets
    • Internet
    • Security
  • The Bargainer
    • Under $50
    • Under $100
    • Under $200
    • Under 300
    • Under $400
    • Under $500
  • More
    • Best Products
    • Brumpost @Work
    • Tirepost
    • COVID-19 Monitor
    • BPTV
    • Pictures
    • Podcast
    • 5G Network
    • Deals
  • My Account

©Copyright 2018 Brumpost Media, Inc.

Welcome Back!

Sign In with Facebook
Sign In with Google
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Facebook
Sign Up with Google
OR

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
TirePost Logo - BG
Search
Menu
  • Car Finder
  • Latest News
  • Reviews
  • EVTOLs
  • Best EVs
  • Videos
  • Pictures

My Account

© 2021 Brumpost Media LLC. All Rights Reserved.

THE SUNDAY BYTE

Subscribe to get access to weekly tech industry updates, reports, insiders’ insights, best product Bargains and so much more every Sunday

By signing up, you agree to our Terms of Use and Privacy Policy. You may unsubscribe at any time.
cookie-cartoon-png-1

We've got a bunch of cookies here

Hello and welcome to Brumpost. We use cookies to personalize your experience on our website. To learn about the types of cookies being used, please click on the button below.

LEARN MORE