Capitalism

Biden passed the Chips and Science Act for $280 billion designed to bring chip manufacturing back to the US and the $1.2 trillion dollar Infrastructure Bill to rebuild America. This was government money pouring into the private sector. So far in Trumps term he has received promises from both foreign and domestic companies to invest $5 trillion in the US economy. Under Biden’s approach government debt increases but private investment increases GDP without increasing debt. Bringing jobs back home, reshoring, will create economic growth without increasing debt. This is the basis of capitalism.