Biden is running backward on many of whatever progressive measures his campaign promised. Instead, he is hyper-focused on war alliances and infrastructure and technology bills that are nothing more than subsidies to war profiteers and mega-corporations.
The committee to work out a ‘compromise’ on infrastructure spending has been called bipartisan. This is incorrect. Both Democrats and Republicans are partisan to profit-making capitalist corporations.
Gone from Biden’s $2.25 trillion proposal are climate, childcare, and tax-the-rich proposals. The new ‘compromise’ plan lays out $579 billion over 8 years – all for projects that will enrich various capitalist sectors. Most of the money will come from “left over COVID relief funds” except for a possible gas tax hike which hurts lower-wage workers the most. Trump’s tax cuts for the rich will remain in place.
The market rose to record heights hearing news of the plan for corporate subsidies and the absence of new taxes on profits and the super-rich. Wall Street consultants are issuing lists of which companies to invest in.
The bills include huge corporate subsidies for military projects, energy, supercomputing, AI, semi-conductors, pharmaceuticals, plastics and roads. These hand-outs are justified with the claim that is necessary to ‘counter’ China in order to protect U.S. interests. These are the interests of the capitalists, not the people whose funds for social programs will continue to be looted and handed over to war-profiteering corporations.
It is urgent that people stop clinging to the Democratic War Party. The power of the people is in the streets, as is being shown all around the world.
It is especially important for workers and progressives in the U.S. to realize that they cannot content themselves with fraudulent temporary gains for a few while supporting the predatory death machine of U.S. militarism and imperialist economic attacks. The “competitiveness and infrastructure priorities” are all to intensify the capitalist plan to drag workers to the bottom through war and economic strangulation. The countries that the U.S. singles out for attack are each in their own way trying to increase social benefits for their people. When these countries are destroyed by wars or sanctions, it lowers the living standards of workers in the U.S. as well.