Biden's trillions
Business Daily
BBC
4.4 • 816 Ratings
🗓️ 29 April 2021
⏱️ 18 minutes
🧾️ Download transcript
Summary
The US president announces a massive spending plan for the US economy, with trillions of dollars earmarked for jobs and infrastructure. But is it too ambitious for Republicans to support? Ed Butler speaks to Ryan Heath, senior editor at Politico, and Gordon Hanson, professor of urban policy at Harvard Kennedy School. Hundreds of billions of dollars are also planned for the US's creaking healthcare system. Carer Sharon Tosten and democrat Debbie Dingell explain why it's needed.
(Photo: US President Joe Biden outlines his spending plans to Congress, Credit: Getty Images)
Transcript
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| 0:00.0 | Hello there, I'm Ed Butler and welcome to Business Daily from the BBC. |
| 0:05.6 | Today, Joe Biden celebrates his first 100 days in office by staking his claim to being the president of economic revival. |
| 0:14.9 | Jobs, modernizing our roads, bridges, highways. Jobs building ports and airports, rail carters, transit lines. |
| 0:22.7 | This is the largest jobs plan since World War II. |
| 0:26.4 | But he may have a job to force all of it through Congress. |
| 0:30.2 | Less than 6% of the president's plan goes to roads and bridges. |
| 0:35.0 | It's a liberal wish list of big government waste. Plus, the biggest job-killing tax |
| 0:42.1 | hikes in a generation. What's going on? That's Business Daily from the BBC. |
| 0:50.2 | Madam Speaker, the President of the United States. |
| 0:57.4 | It was political theatre, as the United States always seems to do best. |
| 1:02.2 | 78-year-old president arriving at the congressional podium, greeted for the first time by a female vice president and House Speaker. |
| 1:09.7 | If it felt like history in the making in all |
| 1:11.7 | kinds of ways, then Joe Biden had an economic pitch as well, a once-in-a-generation investment |
| 1:18.2 | in the American people. My fellow Americans, trickle down. Trickle down economics has never worked. |
| 1:27.4 | And it's time to grow the economy from the bottom and the middle out. Thank you. Now, trickle down economics has never worked. |
| 1:30.3 | And it's time to grow the economy from the bottom and the middle out. |
| 1:40.1 | In overall spending what this means is for a jobs and a family's plan costing $4 trillion. |
| 1:44.6 | That's on top of the $2 trillion that's already allocated to the COVID recovery. |
| 1:50.2 | A short time ago, I asked Ryan Heath, a senior editor in Washington for the website Politico, |
| 1:53.3 | how seismic a move did this sound like to him? |
| 2:00.7 | To be honest, this is putting Joe Biden's agenda on the scale of a Lyndon Johnson or a Franklin Roosevelt. He's now racking up the trillions with |
| 2:03.5 | every speech that he gives, and he's over six trillion now in proposed spending. And a lot of that |
... |
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