{"id":2067505,"date":"2023-10-14T15:04:04","date_gmt":"2023-10-14T19:04:04","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-to-push-economic-agenda-in-philadelphia-amid-persistent-inflation-middle-east-crisis\/"},"modified":"2023-10-14T15:07:33","modified_gmt":"2023-10-14T19:07:33","slug":"biden-to-push-economic-agenda-in-philadelphia-amid-persistent-inflation-middle-east-crisis","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-to-push-economic-agenda-in-philadelphia-amid-persistent-inflation-middle-east-crisis\/","title":{"rendered":"Biden to Address Economic Agenda in Philly Amid Inflation, Middle East Crisis"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">24<\/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%2Fbiden-to-push-economic-agenda-in-philadelphia-amid-persistent-inflation-middle-east-crisis%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=2067505&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--><div data-post-content=\"true\" class=\"post_content\" id=\"post_content\">\n<p>PHILADELPHIA\u2014President Joe Biden \u2064made a captivating visit \u2062to \u2064Philadelphia, Pennsylvania, on Friday to\u2064 promote\u2062 his groundbreaking economic plan, Bidenomics. \u2064He also announced exciting new investments in clean hydrogen\u200d hubs as\u200b part of his \u2064ambitious goal to achieve net-zero emissions by 2050.<\/p>\n<p>The president delivered his\u2062 speech \u200cat \u2063the Tioga Marine Terminal, Philadelphia&#8217;s\u200c <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-to-push-economic-agenda-in-philadelphia-amid-persistent-inflation-middle-east-crisis\/\" title=\"Biden to Address Economic Agenda in Philly Amid Inflation, Middle East Crisis\">largest multi-purpose\u2063 cargo handling facility<\/a>. \u200dDuring his address, he \u2063emphasized the importance of \u2064&#8221;clean\u2063 manufacturing&#8221; initiatives \u2064and the creation of\u200d new jobs.<\/p>\n<p>President Biden expressed his enthusiasm, stating, &#8220;Today&#8217;s\u200d announcement is truly transformational. And as\u2063 a result, \u2064I \u2064firmly\u200d believe that this country is about to take off.&#8221;<\/p>\n<div class=\"shortcode\">\n    <!--$--><\/p>\n<div class=\"border-comp-divider mb-4 mr-4 w-full max-w-[500px] border px-5 py-4 text-[16px] leading-[20px] text-[#262626] md:float-left\" id=\"in_article_related_stories\">\n<h2 class=\"mb-3 font-sans text-[16px] font-semibold uppercase leading-[19px] text-[#2F2F2F]\">Related Stories<\/h2>\n<div class=\"mb-4 flex gap-2\">\n<div class=\"grow\">\n<div class=\"mb-1 line-clamp-2\">\n            <a href=\"http:\/\/www.theepochtimes.com\/us\/amid-israel-war-trump-worries-about-attack-in-us-blames-biden-for-enriching-iran-and-emboldening-terrorists-5508922?ea_src=author_manual&#038;ea_med=related_stories\"><\/p>\n<h3>Amid Israel War, Trump Worries About \u2064Attack in\u200d US, Blames Biden for Enriching Iran and \u200dEmboldening Terrorists<\/h3>\n<p>            <\/a>\n          <\/div>\n<div class=\"text-comp-caption text-[14px] leading-[18px]\">10\/12\/2023<\/div>\n<\/p><\/div>\n<div class=\"shrink-0 basis-[120px]\">\n          <a href=\"http:\/\/www.theepochtimes.com\/us\/amid-israel-war-trump-worries-about-attack-in-us-blames-biden-for-enriching-iran-and-emboldening-terrorists-5508922?ea_src=author_manual&#038;ea_med=related_stories\"><\/a>\n        <\/div>\n<\/p><\/div>\n<div class=\"mb-4 flex gap-2\">\n<div class=\"grow\">\n<div class=\"mb-1 line-clamp-2\">\n            <a href=\"http:\/\/www.theepochtimes.com\/opinion\/if-biden-really-wants-to-help-israel-he-must-stop-the-war-on-american-energy-now-5509120?ea_src=author_manual&#038;ea_med=related_stories\"><\/p>\n<h3>If \u200dBiden Really \u200dWants to Help Israel, He Must \u200dStop the \u2064War on American Energy Now<\/h3>\n<p>            <\/a>\n          <\/div>\n<div class=\"text-comp-caption text-[14px] leading-[18px]\">10\/12\/2023<\/div>\n<\/p><\/div>\n<div class=\"shrink-0 basis-[120px]\">\n          <a href=\"http:\/\/www.theepochtimes.com\/opinion\/if-biden-really-wants-to-help-israel-he-must-stop-the-war-on-american-energy-now-5509120?ea_src=author_manual&#038;ea_med=related_stories\"><\/a>\n        <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>    <!--\/$-->\n  <\/div>\n<p>The Biden administration has allocated $7 billion in funding for seven hydrogen \u200chubs as part of the Bipartisan Infrastructure Law of 2021.\u200c This \u200cinvestment aims to accelerate the growth of the domestic hydrogen market.<\/p>\n<p>With\u200b this initiative, \u2063the\u200c total public\u200c and private investment in hydrogen\u200d hubs will reach approximately $50 billion, making\u200b it one of \u200dthe\u200d most significant investments in clean manufacturing to date, according to the \u200bWhite House.<\/p>\n<p>This \u200binvestment will benefit seventeen states, including Pennsylvania.<\/p>\n<div class=\"shortcode post-related-videos\">\n    <!--$--><\/p>\n<div class=\"lazyload-wrapper\">\n<div class=\"lazyload-placeholder\"><\/div>\n<\/p><\/div>\n<p>    <!--\/$-->\n  <\/div>\n<p>&#8220;The emission reductions \u200cresulting \u2064from these hydrogen hubs will be equivalent to removing\u200c 5.5 million gas-powered vehicles\u2064 from the\u2064 road,&#8221;\u2063 President \u2064Biden declared. &#8220;These hubs are just\u2064 one \u200dexample of our efforts to rebuild\u2063 America \u2063for the benefit of all Americans.&#8221;<\/p>\n<p>President Biden drew \u200cparallels between his investment projects \u2064and historical endeavors such as FDR&#8217;s rural electrification effort and President Eisenhower&#8217;s construction of the Interstate Highway system.<\/p>\n<p>He proudly highlighted the over 38,000 projects spanning 4,500 \u2064communities nationwide that have been supported by his administration&#8217;s investments.<\/p>\n<div class=\"my-5\">However, some critics argue that these subsidies are wasteful. The <a href=\"https:\/\/www.economist.com\/leaders\/2023\/10\/12\/europe-should-not-copy-bidenomics\" target=\"_blank\" rel=\"noopener\">Economist magazine<\/a> \u2063recently labeled President Biden&#8217;s industrial \u2062policy\u200c a &#8220;mistake&#8221;\u200c due to its reliance\u200b on subsidies to attract manufacturing.<\/div>\n<p>The Economist warns that Europe should avoid emulating Bidenomics, as these\u200d state handouts will ultimately squander money \u200dand\u2063 encourage \u200dfirms \u200dto \u2063prioritize subsidies over \u200bcustomers.<\/p>\n<p>President Biden defended his policies during\u200c his speech, asserting that federal investments attract\u200c private-sector investment.<\/p>\n<p>&#8220;There used to be an argument that industrial policies dictated by\u200b the government were\u200c ineffective,&#8221; he stated. &#8220;But when the government invests in America and its people,\u200b the private sector quickly follows suit.&#8221;<\/p>\n<div class=\"my-5\">According to the White House, the seven selected regional clean hydrogen hubs will stimulate over\u2064 $43 billion\u2062 in private investment \u200cand generate tens of thousands of union \u2064jobs.<\/div>\n<h2>Inflation and \u200dthe Middle East<\/h2>\n<p>President Biden also took the opportunity to highlight his\u2063 administration&#8217;s economic policies. However, inflation has been a persistent issue during his\u2062 tenure, resulting in \u2064<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/republican-flips-iowa-state-house-seat-held-by-democrats-for-decades\/\" title=\"Republican Flips Iowa State House Seat Held By Democrats For Decades\">low approval ratings<\/a>.<\/p>\n<p>Government data released on Thursday revealed that\u2062 the \u200dU.S. annual inflation rate\u200b for September exceeded expectations at 3.7 percent. Monthly\u200b inflation rose \u2064by 0.4 percent, with rising shelter costs accounting for over half of the increase.<\/p>\n<p>President Biden&#8217;s visit to Philadelphia coincided with the aftermath \u200bof a surprise Hamas attack \u2063in Israel, which claimed the lives of over 1,000 civilians, including 27 \u2062Americans.<\/p>\n<p>&#8220;The more we learn \u200dabout the attack, \u2064the \u2063more horrifying it becomes,&#8221; the president expressed at the beginning of his speech. &#8220;They make \u200bAl-Qaida look pure. They&#8217;re pure evil.&#8221;<\/p>\n<p>Secretary \u2062of State Antony Blinken and Defense Secretary Lloyd\u2063 Austin both visited Israel to demonstrate U.S. support, President Biden revealed.<\/p>\n<p>&#8220;Addressing the humanitarian crisis \u200cin Gaza\u2064 is also \u200ca \u200btop priority\u200d for\u200c me,&#8221; President Biden emphasized. &#8220;We must \u200dnot forget that \u2062the vast majority of Palestinians have \u2064no affiliation with Hamas or its attacks.&#8221;<\/p>\n<p>According to the White House, 14 Americans remain unaccounted for following\u200c the recent Hamas attacks in Israel.<\/p>\n<p>President Biden shared that he spent over an hour on a Zoom call with the families of the missing Americans, assuring them of his personal commitment\u2063 to bringing them home.<\/p>\n<div class=\"my-5\"><em>Naveen Athrappully contributed to this report.<\/em><\/div>\n<\/div>\n<p> <\/p>\n<h2> How does\u200d President Biden&#8217;s economic plan, Bidenomics, aim to rebuild America&#8217;s economy and create jobs?<\/h2>\n<p><span>  \u2062 Ficient \u2063and ineffective,&#8221; President Biden stated. &#8220;But the reality is that countries around the world \u200care investing in their industries and providing incentives to attract businesses. We cannot afford to be left behind.&#8221;<\/p>\n<p>President Biden&#8217;s economic plan, known as Bidenomics, aims to rebuild\u2064 America&#8217;s\u2064 economy and create millions of jobs. The plan includes investments in infrastructure, clean energy, education, and healthcare.\u200c The president believes that by investing in these areas, the country can achieve sustainable economic growth and improve the\u2063 lives of all Americans.<\/p>\n<p>One of \u2064the key components of Bidenomics is the promotion of clean manufacturing. With the announcement of investments in clean hydrogen hubs, President Biden intends to \u200daccelerate the transition to a clean energy future. These hydrogen hubs will not only reduce emissions but \u200balso create new\u2062 job opportunities in \u200cthe <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidens-buy-american-clean-energy-conundrum\/\" title=\"Biden\u2019s \u2018Buy American\u2019 Clean Energy Conundrum\">clean energy sector<\/a>.<\/p>\n<p>The Biden administration has allocated \u200c$7 billion in \u2064funding for the \u2062development of seven hydrogen hubs across the country. This\u2062 investment, along with additional public and private funding, \u200cwill amount to approximately $50 billion. According to the White House, \u2064this is one of the largest investments in \u200dclean<\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Joe Biden visited Philadelphia, Pennsylvania, to promote his economic plan, Bidenomics, and announce investments in clean hydrogen hubs. He aims to achieve net-zero emissions by 2050. Speaking at the Tioga Marine Terminal, he emphasized his administration&#8217;s commitment to this goal.<\/p>\n","protected":false},"author":531,"featured_media":2067506,"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":[543],"tags":[],"class_list":["post-2067505","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-epoch-times"],"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\/2067505","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\/531"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2067505"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2067505\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2067506"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2067505"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2067505"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2067505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}