President Joe Biden will tout his economic agenda in remarks Wednesday as he campaigns for a second term amid low polling numbers on his job performance and the direction of the country.

The president’s plan, which the White House dubbed “Bidenomics,” aims to “move beyond” the “trickle down” economic theory that it says disproportionately benefits the wealthy and big corporations through tax cuts while reducing investment in priorities such as infrastructure and education, and failing to protect market competition.

  • Atom@lemmy.world
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    1 year ago

    I mean, you picked a great source because that spells out why the administration made that agreement. Oil and gas doesn’t want the land. It is not profitable for them to use and they already leased more than they’ll ever need.

    What you’re talking about is politics. The headline says “OIL FIRST!” And it gives the conservatives something to take home to their voters. They can go say “yea, so Biden got the IRA with climate spending, but we got oil first pick baby!!!”

    Meanwhile, it’s nothing of substance and the emission reductions as a whole are far more impsctful. It makes no difference because the land leases aren’t going to oil anyway, they don’t want it. The article you link has multiple experts saying that…