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'Build Back Better:' Joe Biden's Economic Plan

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Former Vice President Joe Biden has an economic plan for the United States. He introduced his vision—called “Build Back Better”—in a speech on July 9 at a campaign event in Pennsylvania.

Biden’s plan places an emphasis on American manufacturing and restoring jobs to working families. He rebuffed the idea that robots and machines are taking over factory jobs.

“I do not buy for one second that the vitality of American manufacturing is a thing of the past," he said.

Biden said his proposal will help create 5 million new jobs. 

Biden’s speech on Thursday was the first of four covering the economy, climate change, education and race.

Following Biden's speech, stocks moved lower with the Dow Jones Industrial Average closing down 1.38%. 

Friday, President Trump accused Biden's plan of plagiarism, citing comparisons to his economic plans. 

The former VP is running on a moderate Democratic platform where his main issues are health care, climate change, and the economy. He often talks about returning to America during the Obama-era.

Read more: What a Biden Presidency Could Mean for the Market

Biden is endorsed by Bernie Sanders, Barack Obama, and Elizabeth Warren and has committed to choosing a female as his running mate, though his pick has not yet been announced.

Forbes has estimated Biden’s net worth at $9 million.

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