Changes

Only about 5% of the proposed $2.25 trillion plan goes for what traditionally is recognized as infrastructure; specifically, public construction projects, such as roads and bridges.<ref>https://www.dailysignal.com/2021/04/07/9-things-you-need-to-know-about-bidens-infrastructure-spending-plan/</ref>  The junta's plan includes the building of clean energy infrastructure to reduce carbon emissions. The purpose is to shift the US from the use of fossil fuels and grow the amount of solar, wind and other renewable energy. Another of Biden's proposals is to spend $174 billion to boost the electric vehicle market and shift away from gas-powered cars.  Wind turbines, solar panels and electric vehicles all rely on rare earth materials.  Extracting rare earth materials is a highly polluting process.  More than 60% of the world's solar panels are made in China. Forty-five percent of the global supply of solar-grade polysilicon, the base material used in solar cells, is made in China.  Polysilicon is produced in Xinjiang, where China is accused of using forced labor in the production chains.<ref>https://www.gatestoneinstitute.org/17335/china-rare-earth-materials</ref>

Only about 5% of the proposed $2.25 trillion plan goes for what traditionally is recognized as infrastructure; specifically, public construction projects, such as roads and bridges.<ref>https://www.dailysignal.com/2021/04/07/9-things-you-need-to-know-about-bidens-infrastructure-spending-plan/</ref>  The junta's plan includes the building of clean energy infrastructure to reduce carbon emissions. The purpose is to shift the US from the use of fossil fuels and grow the amount of solar, wind and other renewable energy. Another of Biden's proposals is to spend $174 billion to boost the electric vehicle market and shift away from gas-powered cars.  Wind turbines, solar panels and electric vehicles all rely on rare earth materials.  Extracting rare earth materials is a highly polluting process.  More than 60% of the world's solar panels are made in China. Forty-five percent of the global supply of solar-grade polysilicon, the base material used in solar cells, is made in China.  Polysilicon is produced in Xinjiang, where China is accused of using forced labor in the production chains.<ref>https://www.gatestoneinstitute.org/17335/china-rare-earth-materials</ref>

==Real estate crash==

==Housing==

[[File:Bidenomics housing.PNG|right|500px|thumb|Housing cost increases under Bidenomics.]]

[[File:Bidenomics housing.PNG|right|500px|thumb|Housing cost increases under Bidenomics.]]

Amid surging layoffs in the real estate market, slumping homebuilder sentiment, soaring rates and plunging mortgage applications, housing Starts crashed 14.4% month-over-month in May 2022 and Permits plunged 7.0% MoM.<ref>https://www.zerohedge.com/personal-finance/us-housing-starts-permits-collapse-may</ref>

Amid surging layoffs in the real estate market, slumping homebuilder sentiment, soaring rates and plunging mortgage applications, housing Starts crashed 14.4% month-over-month in May 2022 and Permits plunged 7.0% MoM.<ref>https://www.zerohedge.com/personal-finance/us-housing-starts-permits-collapse-may</ref>