Democratic U.S. presidential hopeful Elizabeth Warren proposed on Tuesday spendi...
WASHINGTON - Democratic U.S. presidential hopeful Elizabeth Warren proposed on Tuesday spending $2 trillion on a new “green manufacturing” program that would invest in research and exporting American clean energy technology.
“Like we have before, we should bank on American ingenuity and American workers to lead the global effort to face down this threat,” Warren, referring to climate change, wrote in a post on the website Medium. The roll-out coincides with a campaign trip by Warren to Michigan, a Midwestern state with a large manufacturing sector that shocked political observers in 2016 when voters backed Trump and helped propel him to the White House.
“There is no free lunch, and big businesses, oil and gas companies, and multinationals pay for the cost of this plan,” Zandi wrote. “The economy benefits, although it would take more than a decade for this benefit to be fully realized.” Warren said the United States currently spends $1.5 trillion on defense procurement, which she called “bloated”, and argued that an equal amount should be spent on clean energy.
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