Biden’s big bet on big government

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Biden’s big bet on big government
France Dernières Nouvelles,France Actualités
  • 📰 TheEconomist
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It is surpris­ing that Joe Biden, an instinctive centrist and legislative dealmaker, would get the chance to reach for Franklin Roosevelt’s mantle. But he has always been an artist of the pos­sible

Mr Clinton is remembered for a certain appetite for risk in private life—he just had to pat the damn tiger—but for cautious, split-the-difference policymaking. Yet he wanted to be bold in the manner of Franklin Delano Roosevelt. Mr Clinton wound up sacrificing his plans to use government programmes to create millions of middle-class jobs on the altar of deficit reduction.

Now Mr Podesta is serving a third Democratic president. But this time he is not shrinking the president’s ambitions, and his own, to fit a straitened consensus about government’s role. Instead, Mr Podesta is out to transform America’s energy economy by implementing the Inflation Reduction Act, which he calls “the largest climate and clean-energy bill passed in the history of the United States—and, I think it’s fair to say, probably the largest ever passed in the history of the world.

At 74 Mr Podesta is one of the Democrats’ most expert policymakers and scarred political warriors. His roots reach below today’s bicoastal, elitist Democratic Party to its populist springs: he grew up in Chicago, son of a factory worker who finished one year of high school. He became a lawyer and worked on Capitol Hill for years. He founded and ran the Centre for American Progress , a liberal think-tank, before returning to government under Mr Obama.

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