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Biden says his economic plan would create five million new U.S. jobs

Published 07/09/2020, 05:34 AM
Updated 07/09/2020, 11:00 PM
© Reuters. FILE PHOTO: Democratic U.S. presidential candidate Biden speaks at campaign event in Wilmington, Delaware

By Joseph Ax

DUNMORE, Pa. (Reuters) - Presumptive Democratic presidential nominee Joe Biden promised on Thursday to spend $700 billion on American-made products and industrial research, which he said would give at least 5 million more people a paycheck during a job-killing pandemic.

"I'll be laser-focused on working families: the middle-class families I came from here in Scranton, not the wealthy investor class," Biden said in a speech outlining the plan near his childhood hometown in northeastern Pennsylvania. "They don't need me, but working families do."

The proposals come as Biden, leading President Donald Trump in national opinion polls ahead of the Nov. 3 election, tries to chip away at an incumbent seen by a larger share of voters as a better steward of the economy.

Biden is adding an even bigger price tag to the trillions in economic recovery policies he has promised as the U.S. economy reels from on-and-off coronavirus shutdowns. A record 32.9 million people collected unemployment checks in the third week of June, Labor Department data showed on Thursday.

Republican Vice President Mike Pence also toured Pennsylvania on Thursday, telling a business roundtable in the Philadelphia suburb of Malvern that "even in the midst of outbreaks that we're seeing in Sunbelt states, we are opening up America again."

The dueling visits underscored Pennsylvania's status as a key election battleground. Trump carried the state in 2016 by a slim margin, the first Republican to do so since 1988, helping elevate him to the White House.

Biden's announcement was the first prong of his broader economic plan titled "Build Back Better," which includes proposals to build a clean-energy economy, support caregivers and advance racial equity.

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"Biden's willful attack on our jobs, our families, and the American way of life will reverse all the gains we've made together and plunge us into economic catastrophe," Trump campaign spokesman Hogan Gidley said in a statement.

Both Biden and Pence were visiting areas that have grown less hospitable to their parties in the Trump era.

Biden spent the day in Lackawanna County, a longtime Democratic stronghold that like many blue-collar parts of Pennsylvania has swung hard toward Trump.

Before leaving, the former vice president stopped by his childhood home in Scranton and greeted the current owner. "I couldn't come to Scranton without coming back to the old home," he said, declining to take questions from reporters.

Chester County, where Pence traveled, is one of several counties near Philadelphia that have seen Democratic gains since 2016, matching the trend in suburbs across the country.

Latest comments

When Obama said manufacturing jobs won’t come back and Biden was there behind him and nodded his head. We know he’s selling short!
R those jobs sustainable or last only 3,4 years? If u take 750 bil give it to 15mil, each would take home 50k. U create 15mil jobs without lifting a finger.
That would be a "1-year job" for most people. More like a 1-year vacation for most people, I guess, except for the few that use it to start a small business.
How would anyone trust his ability to run the country - scary - the left will direct his every move
Whats he gonna do?? Wave a magic wand???(laughing)
biden said he would teach manufacturing people to "code" after sending their jobs to china.. then proceeded to challenge somebody to a push up contest who questioned him, and then sniffed a few women
*women and children
you may thinking i am joking, but all of these things have happened, on video... more than once
Sniffy can't even spell JOB..
The DNC should be designated as a terro rist group. Seriously.
The DNC should be designated as a *****group. Seriously.
biden has been  a politician for over 40 years, he was vice president for 8 years... and he is acting like now he will "transform things"... trump has done more good for america in the first few years of his first term than biden has done during his entire career
biden cannot even complete a single coherent thought. he literally has dementia, just a globalist puppet.
democrat states ending their lockdowns will "Create jobs"... trump had unemployment at historic lows before the covid-1984 hysteria. 8 years of obama and all he did was create government jobs. trump has actually increased manufacturing jobs.
promise is promise, reality is reality…… no solid link between
From outside world, Biden doesn’t look authentic. Just another politician.
Surprised he didnt say 5 billion jobs
5 trillion! Lol
And now for the rest of the story.........VP Biden will follow suit with his Democratic predecessors. Now that Dr Donny has destroyed the US economy and taken over 130,000 American lives in the process, you can take Joe’s plan to the bank and make some money again.
Everyone old enough who posts on this site made much more money in the stock market under Clinton and Obama than they did under George W. Bush and will under Dr Donny. If you didn’t, shame on you and/or your financial advisor.
Orange and feds Come to rescue Need DOW to roar not Mooo
Kanye is getting more limelight than him so dems better put some recognizable face for competition
uh ya, Trump already is doing that...so
There Dems are anti business. Economic plans would be another fraud. Jobs created would be tax collectors.
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