President Joe Biden unveiled his American Jobs Plan today, and Bloomberg Opinion columnists Karl Smith and Noah Smith met online to swap early impressions. A lightly edited transcript follows.
Karl Smith: The president’s plan has the potential to define U.S. economic policy for the next several decades. And from a political standpoint, it’s very smart — meeting the American people where they are by combining populist elements from the left and the right. It includes efforts to rebuild America’s industrial capacity, ease the financial burden on working-class and young professional families, and challenge China’s growing economic dominance.