Biden Is So Stupid His New Policy Sabotaged His Own Bill Moving Through Congress, Makes The Same Mistake Twice
Biden is so stupid he is actually sabotaging his own bill.
Biden proudly declared that “a new sheriff is in town” and decreed that 75% of a product must be procured from inside America for it to be labeled Made In The USA.
BREAKING: President Biden announces new federal rule that products considered “Made in America” will now need 75% of domestic content, up from the current 55%
— CBS News (@CBSNews) July 28, 2021
With that declaration to pander to populists (which didn’t work) he killed the infrastructure bill (we should be happy about that).
Department of Energy loans used by municipalities for construction jobs must comply with the Davis Bacon act which favors buy American. Which is a good thing, unless the president is punishing the oil, steel, and coal industry domestically with severe restrictions. That causes the cost of the improvements to skyrocket, increases paperwork, and delays the project. Matter of fact, this has happened before, remember those “shovel ready jobs” that never happened? Yup, not only is Joe stupid enough to kill his own bill, he’s dumb enough to make the same mistake twice.
And the craziest part is that this *exact thing* happened in the ARRA (2009 stimulus), which had beefed-up Buy American rules AND Biden himself oversaw. It’s lunacy. https://t.co/zeFPRk4qUA
— Scott Lincicome (@scottlincicome) July 29, 2021
Under President Trump industry in America was getting off the ground, steel mills were firing back up and textiles plants were making a come back. Trump didn’t say buy American, he created an environment for domestic industry to compete with overseas manufacturing making it possible to buy America.
Roughly $1 trillion is about to go down the tubes and disappear into lord knows slush fund.
The Biden Administration is a retread of Obama’s failed policies.
It would be tough for Biden to remember what he did in 2009 though, the man doesn’t even remember what he did yesterday.