Joe Biden warned that China would take advantage of the United States does not invest in infrastructure.

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source: today.in-24.com

ONCE AGAIN, the US president requested the approval of his ambitious project that could create "millions of well-paying jobs" in his country.

Joe Biden warned on Tuesday that China would take the lead if the United States does not make a determined commitment to investing in infrastructure and assured that the plan he proposes could create "millions of well-paying jobs" in his country.

The American President defended the infrastructure plan at an event in the town of La Crosse, in Wisconsin, in which he stressed that said plan represents the "investment of a generation" so that the United States can compete with the rest of the world.

At this point, he realized that China is working "way ahead" of the United States in terms of infrastructure.

Biden again turned to the Asian giant at another point in his speech. He said that China is producing electric vehicles at full speed to a greater extent than any other country in the world and is also far ahead of the United States in investment in research and development.

The President recalled that on a day like 65 years ago today, then-President Dwight Eisenhower had signed into law an international highway network. Since then, in this country, there has not been such a significant investment in infrastructure.

That's why he insisted on a global agreement between Democrats and Republicans that guarantees approval of the infrastructure plan.

Biden gave this speech when he is faced with the challenge of saving the deal he struck last week with a group of Democratic and Republican lawmakers to pass the plan. It plans to invest $ 1.2 trillion in infrastructure in eight years.

Following the announcement of the agreement on Thursday, enthusiasm has been diluted by discontent on both sides.

Biden and the Democrats want the infrastructure proposal to be linked to a social spending plan, including investments in broadband, the fight against the climate crisis, and the care of children and the elderly, among others.

However, Republicans want the project to stick to traditional infrastructures, such as roads, bridges, and ports, and reject that it be related to social spending.

On Thursday, during the presentation of the bipartisan agreement, Biden warned that he would not sign the infrastructure plan that can be approved in Congress if it is not linked to the social spending plan.

However, on Saturday, he had to back down and clarify that he will sign it in the face of the danger that the conservatives withdraw their support.

In the Republican ranks, many asked for time to study the recently reached agreement, and virtually none wanted to comment on the Democrats' plans to unilaterally pass a spending package and adhere it to the infrastructure one.

However, one of the Republican senators who negotiated with Biden said that he had spoken with his party leader in the Senate, Mitch McConnell. He had told him that he was open to considering the recently reached pact on infrastructure, which has given hope to the White House.

The plan would include new investments in infrastructure worth 579,000 million dollars, including 312,000 million dollars that would go to the transport sector for roads, bridges, railways, electric buses, ports, and airports, among others.

The proposal also allocates 266,000 million dollars in new investments for "other infrastructures," such as the water system, broadband, and mitigating the impact of the climate crisis.

Biden said in a speech at the White House last week that the bilateral agreement represents the largest investment in public transportation in US history.