In a speech on Wednesday, Mr. Biden gave no hint that he was scaling back his ambitions. Using sweeping rhetoric, the president compared his ambitions to those of former President Ronald Reagan, who presided over an economic boom during his eight-year tenure. In 1984, “Ronald Reagan was telling us it was an American morning,” Mr. Biden said, referring to Mr. Reagan’s re-election campaign ad that bragged that it was “morning in America” because of his policies. “This is going to be an American century,” Mr. Biden said. The negotiations ahead will pose a challenge to the expansive vision Mr. Biden laid out to overhaul the American economy, with new and costly government interventions to lift advanced industries and train and support the workers of the future.

Source: New York Times July 07, 2021 21:22 UTC