Money Talks: Touring America’s industrial revival
Economist Podcasts
The Economist
4.3 • 5K Ratings
🗓️ 9 November 2023
⏱️ 47 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 | In a world of seismic change, will your business shape the future or be shaped by it? |
| 0:07.0 | How will we capture the imagination of tomorrow's consumers? |
| 0:12.0 | Overcome operational constraints to focus on future growth |
| 0:17.0 | and unlock economic and social prosperity through environmental responsibility. |
| 0:22.8 | With EY's full spectrum of services across sectors, we're all in to shape the future with confidence. |
| 0:29.1 | Start your transformation journey at EY.com slash transformation. |
| 0:36.1 | Hello and welcome to Money Talks. |
| 0:38.4 | You're listening to a free episode. |
| 0:40.4 | To listen every week, you'll need to be a subscriber. |
| 0:44.3 | For a free trial of Economist Podcasts Plus, click on the link in the show notes or head to your favorite search engine and type Economist Podcasts. |
| 0:57.0 | The Economist. |
| 1:01.0 | Look, 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. |
| 1:14.6 | In August 2022, Joe Biden, America's president, signed a landmark piece of legislation into law. |
| 1:23.0 | The Inflation Reduction Act, or IRA. |
| 1:25.5 | To take the most aggressive action ever, ever, ever, ever in confronting the climate crisis. |
| 1:32.3 | It promised a massive $370 billion of government funds for green infrastructure and industry, |
| 1:39.4 | including tax credits for Americans on solar panels and electric vehicles made in the country, all part |
| 1:45.4 | of a strategy to reboot domestic production and create jobs. |
| 1:49.0 | Tens of thousands of good paying jobs and clean energy manufacturing jobs. Solar factories |
| 1:55.4 | in the Midwest and the South, wind farms across the plains and off our shores, clean hydrogen projects and more all across America. |
| 2:03.5 | In the years since Biden put pen to paper on the IRA, there has been a surge in manufacturing |
| 2:08.4 | construction across the country. Companies are breaking ground on multi-billion dollar projects, |
... |
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