Finance

Can Biden save democracy one US factory job at a time?

Joe Biden

WASHINGTON — President Joe Biden is working to create a manufacturing revival — even helping to put factory jobs in Republican territory under the belief it can restore faith in U.S. democracy.

The latest development came Tuesday, when chipmaker Micron announced an investment of up to $100 billion over the next 20-plus years to build a plant in upstate New York that could create 9,000 factory jobs. It’s a commitment made in a GOP congressional district that Biden and the company credited to the recently enacted $280 billion CHIPS and Science Act.

“Today is another win for America, and another massive new investment in America spurred by my economic plan,” Biden said in a statement. “Together, we are building an economy from the bottom up and the middle out, where we lower costs for our families and make it right here in America.”

Biden has staked his presidency on what he has called “a historic manufacturing boom,” hoping to succeed where past presidents, governors and hordes of other politicians have struggled for a half-century. His goal is to keep opening new factories in states such as Ohio, Idaho, North Carolina and Georgia — where Democrats’ footholds are shaky at best. Administration officials say they want to spread the prosperity across the entire country, rather than let it cluster in centers of extreme wealth, in a bid to renew the middle class and a sense of pride in the country itself.

The push comes at a precarious moment for the global economy. High inflation in the U.S. has hurt Biden’s popularity and prompted recession concerns. Much of Europe faces a possible downturn due to the jump in energy prices after Russia’s invasion of Ukraine, while the International Monetary Fund just downgraded growth in China. The world economy is defined by uncertainty just as Biden has called for investments in clean energy and technology that could take years to pay off.

The president is hopeful that whatever good manufacturing can do for the U.S. economy also turns out to yield political benefits for himself and other Democrats in 2022 and beyond. He told Democratic donors on Friday that the manufacturing and technology investments mean “we have an opportunity” to strengthen the U.S. if Democratic governors and lawmakers are elected this year.

Going into the midterm elections, Biden is telling voters that a factory renaissance has already started because of him. The administration sees its…

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