July 6 (UPI) — President Joe Biden utilized his visit to South Carolina to showcase the tangible benefits of “Bidenomics” — a series of significant investments across the country that he claims have rapidly generated employment opportunities.
During the event, Biden celebrated the creation of “over 13 million new jobs” since taking office, surpassing any previous two-year job creation record held by a president. He also announced a $60 million investment in a solar energy firm located in South Carolina, emphasizing his commitment to renewable energy.
Biden asserted his belief that every job in America should provide good wages and offer the opportunity to unionize, highlighting the importance of collective bargaining and its positive impact on businesses.
The President attributed the significant investment in America to a series of key legislations, including the Inflation Reduction Act, the CHIPS and Science Act, and the Bipartisan Infrastructure law. These laws have effectively stimulated hundreds of billions of dollars in investments throughout the country, propelling the economy forward and restoring the essence of the American dream.
Describing “Bidenomics” as a means to revive the American dream, Biden emphasized the need for all hardworking Americans to have access to well-paying jobs, regardless of their location. He also underscored the importance of revitalizing manufacturing and bringing supply chains back to the United States.
Highlighting the success of his administration’s efforts, Biden noted that unemployment rates have remained below 4% for an exceptionally long period, marking the lowest levels in 50 years. Additionally, inflation rates have significantly decreased compared to the previous year.
Biden boasted about reducing the deficit by $1.7 trillion, a feat never accomplished by any previous president. He also pointed out that the Bipartisan Infrastructure Law has led to the announcement of 35,000 infrastructure projects nationwide, further stimulating job growth and economic development.
During his visit, Biden commended Enphase Energy, a California-based company, for its capital investment in South Carolina. Enphase Energy plans to establish two manufacturing sites in the state in partnership with Flex, its global supply partner. This collaboration could potentially create up to 600 new jobs in South Carolina, contributing to both local and national economies.
Biden highlighted the broader Enphase deal, which aims to establish six new shipping lanes across the country in collaboration with multiple manufacturers. This initiative has the potential to create up to 1,800 jobs nationwide while increasing the accessibility of solar power to millions of homes.
The President’s visit to South Carolina is part of the administration’s three-week agenda to promote investment in America. High-ranking officials will make public appearances to showcase the positive impact of Biden’s legislative agenda, which focuses on infrastructure improvement, manufacturing growth, and the expansion of clean energy initiatives.
Other recent investments in South Carolina include BMW’s commitment of $1 billion to produce electric vehicles in Spartanburg and $700 million to construct a new high-voltage battery assembly plant in Woodruff. Redwood Materials is also investing $3.5 billion in building a battery materials facility near Charleston, generating approximately 1,500 jobs and strengthening the state’s supply chains.
The White House stated that numerous American manufacturers are considering transitioning to clean energy, which could potentially create even more job opportunities across the nation.
Prior to President Biden’s visit, South Carolina received nearly $1 billion in federal funds to improve access to high-speed internet throughout the state. Moreover, federal dollars have been allocated to address carbon emissions, enhance transportation infrastructure, and prevent watershed and flood-related issues.
South Carolina has the privilege of hosting the first race of the 2024 Democratic primary on February 3rd. Meanwhile, Senator Tim Scott and former Governor Nikki Haley of South Carolina are competing for the Republican nomination to challenge President Biden in the upcoming presidential election.
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