Date uploaded: 2022-03-02 03:40:31

During his State of the Union address, President Joe Biden said one way to reduce inflation – one of his biggest political problems – is to make more products in the United States, reducing rely on blocked supply chains. He also praised what he said is the revitalization of the American manufacturing and said he agreed with Ohio Sen. Sherrod Brown that it’s time to bury the “Rust Belt” label. Companies are choosing to build new factories in the United States when just a few years ago they would have built them overseas, he said. Ford is investing $11 billion to build electric vehicles, creating 11,000 jobs across the country, he said. GM is making the largest investment in its history – $7 billion to build electric vehicles, creating 4,000 jobs in Michigan. The president also called for several climate investments that he said will save families money as part of his efforts aimed at tackling rising inflation. That included investment tax credits for Americans to weatherize their homes, doubling clean energy production and lowering the price of electric vehicles. #sotu #biden #inflation