With concerns growing about how long current price surges will last, Raimondo said the Biden administration is watching inflation"very closely."
"These are investments in productivity. And that's what we need to be making. Every economist will tell you, you want to invest, to enhance productivity, and that's exactly what this is," Raimondo said."This is investments in infrastructure, investments in skills, education, job training, and those are not inflation creating expenditures of money."
Those programs include $300 million to invest in communities affected by the shrinking coal mining industry. “It isn't just West Virginia. It's Virginia, it's West Virginia it's Ohio with Kentucky it's you know it's not about one state it's about being honest with people and creating jobs for people everywhere,” she explained.
The Commerce Department also will focus on providing funds for underserved communities, providing regional tourism grants, and helping communities plan for any potential economic hardship in the future. "There's so many communities that have lost jobs because of the lack of travel and lack of tourism," she said."You need help yesterday and we know that."Commerce Secretary Gina Raimondo speaks at an event in the South Court Auditorium of the Eisenhower Executive Office Building on June 3, 2021.
BruceFo43322941 Righteous team… Now,… Where does the money come from? The same magic top hat
The pandemic is a unique problem for all of us. Let's stop settled individually.
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