{"id":1986609,"date":"2023-07-31T08:36:01","date_gmt":"2023-07-31T12:36:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/the-republicans-biden-can-thank-for-key-parts-of-bidenomics\/"},"modified":"2023-07-31T08:38:22","modified_gmt":"2023-07-31T12:38:22","slug":"the-republicans-biden-can-thank-for-key-parts-of-bidenomics","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/the-republicans-biden-can-thank-for-key-parts-of-bidenomics\/","title":{"rendered":"Republicans responsible for key aspects of &#8216;Bidenomics&#8217;"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">14<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fthe-republicans-biden-can-thank-for-key-parts-of-bidenomics%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1986609&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Republican Support Key to &#8220;Bidenomics&#8221; Success<\/h2>\n<p>As\u2064 President\u2063 Joe \u2063Biden and his Cabinet travel across the country highlighting his economic achievements, it&#8217;s important to\u2064 recognize the crucial role that Republican\u200b support played in making key\u2063 aspects of &#8220;Bidenomics&#8221;\u2064 possible. Without bipartisan cooperation, the $1 trillion infrastructure measure and \u2063the U.S. semiconductor production\u2064 bill would not have become a reality.<\/p>\n<p>The Biden administration\u2064 has positioned its economic approach as a\u200b departure from traditional Republican philosophy,\u2063 emphasizing\u200d a \u2062&#8221;middle-out&#8221; and &#8220;bottom-up&#8221; strategy. \u200cHowever, it&#8217;s\u200b worth noting that many of the most popular policies in \u2062the president&#8217;s package were\u2062 the result of\u200c negotiations and \u200ccollaboration with Republicans.<\/p>\n<h3>Republican Support for Infrastructure and Semiconductor Bills<\/h3>\n<p>In August 2021, the Infrastructure \u2062Investment and Jobs Act received \u2063support \u2062from nineteen Republican senators, effectively doubling the\u2062 funds allocated for improving\u2064 roads, bridges, the \u200delectric grid, \u200dand broadband over the next decade. \u200bIn July 2022, seventeen Republican senators helped advance the\u200d CHIPS \u2064Act, which provides\u200d incentives for\u200d expanding U.S. semiconductor production. Senate Minority Leader Mitch McConnell (R-KY) backed\u2062 both pieces of legislation.<\/p>\n<p>Now, some of these Republicans find \u200bthemselves in a somewhat awkward position. \u2062The policies they \u2062<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/progressive-democrats-push-biden-to-the-far-left\/\" title=\"Progressive Democrats push Biden to the far left\">helped shape<\/a> are now \u200dat the core of President Biden&#8217;s reelection strategy, but most of them stand by their previous \u200dvotes.<\/p>\n<h3>Doing\u2062 What&#8217;s Right for the Country<\/h3>\n<p>Senator\u200b Mitt Romney (R-UT), who \u200dsupported both bills, emphasized the importance of bipartisan legislation. \u200dHe stated, &#8220;I do things \u200dthat are\u2064 right for the country, and Republicans like myself\u200d can tout what we&#8217;ve done, and Democrats who participated can do the same thing. That&#8217;s the nature of bipartisan legislation. Both sides win, and the only way something becomes law in this \u200bcountry\u200c is if both sides win. You can&#8217;t pass a bill if \u2062it only is attractive to one\u2062 party.&#8221;<\/p>\n<p>Senator Bill Cassidy (R-LA), another supporter of both bills, pointed out \u2064that the president taking credit for\u200c their passage doesn&#8217;t diminish\u2063 the contributions of others. He said, &#8220;If you look back \u2062on\u200c the infrastructure \u2063bill, it was a spontaneous coming together of a group of senators\u2062 that actually led to \u200b99% of what was \u200din there. Now, \u200dhe did have to\u200d sign it, and he had input on\u200c the\u200b pay-fors, but am \u2063I\u2064 not supposed\u200c to do my job as a senator because someone later may try and \u200dtake full\u2064 credit for that which other people did?&#8221;<\/p>\n<p>Senator Todd Young (R-IN), \u200ca \u200dmajor architect of the semiconductor bill,\u200c highlighted the bipartisan nature of the legislation and \u2063its origins during the Trump administration.\u200c He emphasized the need to decrease dependency on\u2063 China, the world&#8217;s\u200c largest chip maker, and\u2064 stated, &#8220;Anyone who might \u2062have opposed this <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/the-republicans-biden-can-thank-for-key-parts-of-bidenomics\/\" title=\"Republicans responsible for key aspects of 'Bidenomics'\">essential national security investment<\/a> for partisan reasons \u2062does deserve the opportunity to explain why they did \u2064so.&#8221;<\/p>\n<h3>Separating \u2063National Security Investment from Controversial Policies<\/h3>\n<p>Senator Young clarified that his \u2063work on\u2062 the semiconductor \u200bbill should\u2064 not \u200dbe confused with other parts of &#8220;Bidenomics&#8221; that \u200dwere more controversial,\u200c such\u2063 as\u2064 the American Rescue Plan. He expressed concerns about the inflation caused by the stimulus bill and its timing, stating, &#8220;When I think of Bidenomics,\u200c the first thing that \u2063comes to mind is the inflation they caused \u200cby passing \u2064a stimulus \u2064bill when \u200dthe economy was already\u2062 red hot \u2062and didn&#8217;t need to be\u2062 stimulated.&#8221;<\/p>\n<p>While the \u2063White House\u2063 maintains that the stimulus bill was necessary for economic recovery, \u2062some \u2063economists believe it \u200dcontributed to inflation. Other factors, such as <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-adviser-admits-his-spending-will-cause-inflation-going-to-be-bumps-concerns-very-serious\/\" title=\"Biden Adviser Admits His Spending Will Cause Inflation: \u2018Going To Be Bumps,\u2019 Concerns \u2018Very Serious\u2019\">supply chain disruptions<\/a>,\u200b geopolitical tensions, and previous pandemic \u200drelief\u200c bills, may have also played a role.<\/p>\n<h3>Republican Senators Stand by Their Votes<\/h3>\n<p>No Republican senators\u2064 voted for the\u2063 Inflation Reduction Act, a significant part \u2063of\u2062 &#8220;Bidenomics.&#8221; Senator Thom Tillis (R-NC) and other Republicans who\u200b supported both the \u2062infrastructure and semiconductor bills affirmed \u200bthat they have no regrets about their votes. Tillis emphasized the importance of bipartisan \u200dsupport, stating, &#8220;The \u2063only reason those bills\u200b became law is \u200bbecause Republicans supported\u200c them.&#8221;<\/p>\n<p>Ultimately, it is clear that Republican cooperation was \u2063instrumental in the success\u2063 of key elements of\u200c &#8220;Bidenomics.&#8221; While political dynamics\u2063 may complicate the narrative, it \u200bis \u2062important to recognize the bipartisan efforts that \u200bmade these policies a reality.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Joe Biden and his Cabinet are highlighting his economic achievements as they travel nationwide. However, it&#8217;s important to acknowledge that key aspects of &#8220;Bidenomics&#8221; were made possible by Republican backing in Congress for a $1 trillion infrastructure bill and a U.S. semiconductor production measure. The administration aims to present Biden&#8217;s economic record in a positive light.<\/p>\n","protected":false},"author":1,"featured_media":1986610,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-1986609","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1986609","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1986609"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1986609\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1986610"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1986609"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1986609"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1986609"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}