Rep. Ro Khanna discussed the current economic situation, acknowledging high rents, interest rates, food, and gas prices, while noting that wages have increased.
He praised President Biden’s efforts to bring back jobs through a manufacturing revolution.
Khanna also emphasized the need to reject certain deals and prioritize bringing manufacturing back to the US. (Trending: Trump Releases Must-See Christmas Message)
When asked about “Bidenomics,” he expressed support for its focus on bringing back manufacturing and increasing working-class wages, while also acknowledging the challenges of high interest rates and prices.
“I think we have to acknowledge that rents are high, interest rates are high, food and gas prices are high, but wages also have gone up and this President has ushered in a manufacturing revolution to bring back jobs,” Khanna said.
“I was encouraged today that Secretary Raimondo said, no, we’re not going to allow this Nippon Steel company to buy U.S. Steel — we’re going to look into it. That’s a big issue.”
“I think the administration needs to reject that deal and emphasize bringing manufacturing home.”
“But does Bidenomics itself work? If you ditch Bidenomics, it might look like a failure on his big re-election initiative, but it does, to a lot of people, seem out of touch. Do you think he should stick with the moniker, yes or no?” host Jacqui Heinrich questioned.
“Well, yeah, Bidenomics is about bringing manufacturing back,” Khanna said.
“I think most people would agree [with] that. Bidenomics is about increasing wages for the working class. That doesn’t mean you say everything is rosy.”
“Obviously, you acknowledge, interest rates are high, caused by the Fed. Obviously, you acknowledge that prices are high.”