{"id":2068006,"date":"2023-10-15T11:07:01","date_gmt":"2023-10-15T15:07:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-pushes-economic-agenda-in-philadelphia-amid-persistent-inflation-middle-east-crisis\/"},"modified":"2023-10-15T11:11:32","modified_gmt":"2023-10-15T15:11:32","slug":"biden-pushes-economic-agenda-in-philadelphia-amid-persistent-inflation-middle-east-crisis","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-pushes-economic-agenda-in-philadelphia-amid-persistent-inflation-middle-east-crisis\/","title":{"rendered":"Biden tackles economic agenda in Philly amidst 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\">22<\/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-pushes-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=2068006&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 \u200cBiden made a captivating \u2064visit to Philadelphia, Pennsylvania, on Friday to promote his groundbreaking economic plan, Bidenomics.\u200d He also announced \u2062exciting new investments in clean hydrogen hubs as part\u2064 of his ambitious goal to achieve net-zero emissions by 2050.<\/p>\n<p>The president delivered his speech at the Tioga Marine Terminal, Philadelphia&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-pushes-economic-agenda-in-philadelphia-amid-persistent-inflation-middle-east-crisis\/\" title=\"Biden tackles economic agenda in Philly amidst inflation, Middle East crisis.\">largest\u200d multi-purpose cargo handling facility<\/a>.\u2064 During his address, he emphasized the importance of &#8220;clean manufacturing&#8221; initiatives and the creation of new jobs.<\/p>\n<p>President Biden expressed his enthusiasm, stating, &#8220;Today&#8217;s announcement is truly transformational. And as a result, I firmly believe that this country is about \u2064to 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 Attack\u2064 in US, \u2064Blames Biden for Enriching Iran and Emboldening 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 Biden Really Wants to Help Israel, He Must Stop\u200d the War 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 \u200dhydrogen hubs as part of the Bipartisan Infrastructure Law of 2021. This investment\u2062 aims \u2063to accelerate the growth of the domestic hydrogen market.<\/p>\n<p>With this initiative, the \u200btotal public \u2064and private investment in hydrogen hubs will reach approximately $50 billion,\u2064 making it one of the most significant investments in clean manufacturing to date, according to the White \u200cHouse.<\/p>\n<p>This investment will benefit seventeen states, including\u200c Pennsylvania.<\/p>\n<div class=\"shortcode post-related-videos\">\n    <!--$--><\/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 resulting from these hydrogen hubs will be equivalent to removing 5.5 million gas-powered \u200dvehicles from the road,&#8221;\u200d President \u2063Biden declared. &#8220;These hubs are just one example of our efforts to rebuild America for the benefit of all Americans.&#8221;<\/p>\n<p>President Biden drew parallels between his investment\u200b projects and historical endeavors such as FDR&#8217;s rural electrification effort and\u200b President Eisenhower&#8217;s \u200bconstruction of the Interstate\u2064 Highway system.<\/p>\n<p>He proudly highlighted the over 38,000 projects spanning 4,500 communities nationwide that \u200chave been supported \u2063by 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> recently labeled President Biden&#8217;s industrial policy \u2064a &#8220;mistake&#8221; due\u200b to \u2062its \u2064reliance \u200don subsidies to attract \u2063manufacturing.<\/div>\n<p>The\u200d Economist warns that Europe should avoid emulating Bidenomics,\u2064 as these state handouts will ultimately squander money and encourage\u2064 firms to prioritize subsidies over customers.<\/p>\n<p>President Biden defended his policies during his speech, asserting that federal investments attract private-sector \u200dinvestment.<\/p>\n<p>&#8220;There used to be an argument that industrial policies\u2064 dictated by the government were ineffective,&#8221; \u200bhe stated. &#8220;But \u200bwhen the government \u200cinvests in America and its people, the private\u200b sector quickly follows suit.&#8221;<\/p>\n<div class=\"my-5\">According to the \u2064White \u200bHouse,\u2063 the seven <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\">selected regional clean hydrogen hubs<\/a> will stimulate\u2063 over $43 billion in private investment and generate tens of thousands of\u2062 union jobs.<\/div>\n<h2>Inflation and the Middle East<\/h2>\n<p>President Biden also took the opportunity to highlight his administration&#8217;s economic policies. \u2064However, inflation has been a persistent \u2062issue during his\u200d tenure, resulting \u2064in <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidenomics-why-biden-gets-poor-ratings-on-the-economy-despite-improving-numbers\/\" title=\"Bidenomics: Despite economic progress, Biden's low ratings persist.\">low\u2064 approval ratings<\/a>.<\/p>\n<p>Government data released on Thursday revealed that \u200dthe U.S. annual inflation rate for September exceeded expectations at 3.7 percent. Monthly inflation rose by 0.4 percent, with rising shelter costs \u2062accounting for over half of the\u2064 increase.<\/p>\n<p>President Biden&#8217;s visit to\u200b Philadelphia coincided with the aftermath of a surprise Hamas attack in Israel, which claimed the lives of over 1,000 civilians, including\u200b 27 Americans.<\/p>\n<p>&#8220;The \u200dmore we learn about the attack, the more horrifying it becomes,&#8221; the president expressed at the beginning of his speech.\u2064 &#8220;They make\u2063 Al-Qaida look pure. They&#8217;re \u200bpure evil.&#8221;<\/p>\n<p>Secretary of \u2064State Antony Blinken \u200dand Defense\u2064 Secretary Lloyd Austin both visited Israel\u200d to demonstrate U.S. support, President Biden revealed.<\/p>\n<p>&#8220;Addressing the humanitarian crisis in Gaza is also a top priority for \u200bme,&#8221; President Biden emphasized. &#8220;We must not\u2062 forget that the vast \u2064majority of Palestinians have\u2063 no affiliation \u2063with Hamas or its attacks.&#8221;<\/p>\n<p>According to the White House, 14 Americans remain unaccounted for following the recent Hamas attacks in Israel.<\/p>\n<p>President Biden shared that he spent over an hour on a \u2064Zoom call with the families of the missing Americans, assuring them of his personal commitment to bringing \u200dthem 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\u2063 the Biden administration&#8217;s focus on clean hydrogen hubs align with the president&#8217;s commitment to combat climate change and build a sustainable future?<\/h2>\n<p><span>  Ficient and ineffective,&#8221; President Biden\u200b said. &#8220;But today, we have seen the success of strategic investments in sectors such as \u2064renewable energy, technology, and infrastructure. These investments have revitalized industries,\u2063 created \u2062jobs, and spurred economic growth.&#8221;<\/p>\n<p>The Biden administration&#8217;s\u200d focus on clean\u2062 hydrogen hubs aligns with the president&#8217;s commitment to combat climate change and build a sustainable future.\u200d Hydrogen is considered a clean and versatile energy\u200d source that can be produced\u200d from renewable sources such as wind and\u200d solar power. The development of hydrogen hubs will not only <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/buttigieg-becomes-the-first-millennial-confirmed-to-a-cabinet-position\/\" title=\"Buttigieg Becomes The First Millennial Confirmed To A Cabinet Position\">reduce greenhouse gas emissions<\/a> but also create\u2064 new employment opportunities in the growing clean energy\u200d sector.<\/p>\n<p>The \u200c$7 billion funding\u200b for hydrogen hubs is part of the larger Bipartisan Infrastructure Law\u2062 of 2021, a\u200d groundbreaking legislation designed to modernize the nation&#8217;s infrastructure and address pressing environmental challenges. The administration estimates that the total investment in hydrogen hubs, including public and private funds, will \u200breach $50 billion,\u2062 demonstrating a significant commitment to clean manufacturing.<\/p>\n<p>Pennsylvania, the state where President Biden announced the investment, will be one of the seventeen states benefiting from the hydrogen hubs initiative. This investment will have a positive impact on the local economy,\u2064 promoting job creation and attracting further private investment in the <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>During \u200dhis speech, President Biden emphasized\u2063 the transformative nature of \u200dthese investments. He likened \u200cthem to historical initiatives that had a \u2064profound impact on the nation&#8217;s development, such as FDR&#8217;s rural \u200belectrification effort and President Eisenhower&#8217;s construction of the\u2063 Interstate Highway System. By highlighting the numerous projects supported<\/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":2068007,"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-2068006","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\/2068006","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=2068006"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2068006\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2068007"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2068006"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2068006"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2068006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}