Money Talks: Touring America’s industrial revival
Money Talks from The Economist
The Economist
4.4 • 1.2K Ratings
🗓️ 9 November 2023
⏱️ 45 minutes
🧾️ Download transcript
Summary
President Joe Biden’s Inflation Reduction Act promised $370bn for green infrastructure and industry. It has spurred a surge in massive construction efforts such as battery plants and electric-vehicle factories. Our correspondent goes on a road trip, visiting small towns with big new projects under way and gauging the success of Mr Biden’s economic policy so far.
Hosts: Alice Fulwood, Tom Lee-Devlin and Henry Tricks
Runtime: 44 min
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Transcript
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| 0:00.0 | Hello and welcome to Money Talks. You're listening to a free episode. |
| 0:04.0 | To listen every week, you'll need to be a subscriber. |
| 0:08.0 | For a free trial of Economist Podcasts Plus, |
| 0:11.0 | click on the link in the show notes or head to your favorite search engine and |
| 0:15.0 | type Economist Podcasts. |
| 0:21.2 | The Economist. The Economist. The The bill I'm about to sign is not just about today. It's about tomorrow. It's about delivering progress and prosperity to American families. |
| 0:38.0 | In August 2022, Joe Biden, America's President, signed a landmark piece of legislation into law. |
| 0:46.8 | The Inflation Reduction Act, or IRA. |
| 0:49.8 | To take the most aggressive action ever, ever, ever ever ever in confronting the climate crisis. |
| 0:56.0 | It promised a massive 370 billion dollars of government funds for green infrastructure and industry, |
| 1:03.0 | including tax credits for Americans on solar panels |
| 1:05.9 | and electric vehicles made in the country, |
| 1:08.4 | all part of a strategy to reboot domestic production |
| 1:11.7 | and create jobs. Tens of thousands of and create jobs. |
| 1:13.0 | Tens of thousands of good paying jobs, clean energy manufacturing jobs, |
| 1:18.0 | solar factories in the Midwest and the South, |
| 1:21.0 | wind farms across the plains and off our shores, clean hydrogen projects and more all across America. |
| 1:27.0 | In the years since Biden put pen to paper on the IRA, there has been a surge in manufacturing construction across the country. |
| 1:34.0 | Companies are breaking ground on multi-billion dollar projects, |
| 1:38.0 | building factories that will eventually churn out electric vehicles and batteries. |
| 1:42.0 | Just last week, the Japanese carmaker Toyota announced it was up in its investment in a brand new |
| 1:48.6 | EV plant in North Carolina. |
... |
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