Biden Likely to Focus on Industrial Policy

John Cassidy: “Joe Biden will have plenty to talk about in his State of the Union address. In the past year, he has signed into law several major pieces of legislation, retained control of the Senate, presided over an economy that added five million jobs, led a coalition in support of Ukraine, and, just last week, ordered the shooting down of a Chinese spy balloon.”

“But the heart of Biden’s speech will likely focus on his economic agenda, the core of which is an ambitious industrial policy designed to strengthen manufacturing, hasten a green energy transformation, create well-paid jobs, and insure American technological leadership over China.”