joe biden
U.S. President Joe Biden, who is betting on his own economic performance to keep him in the White House in next year’s election, showed voters this week what his “Bidenomics” policies are achieving, Biden said he would Reforms will help restore the American dream.
The President of the United States emphasized the pursuit of “strengthening the middle class and achieving growth that benefits all.”
Biden emphasized that “over 40 years” of economic policies that favor the rich at the expense of the poor “limit that dream.”
“Bidenomics is the future,” he said. “It’s another way of restoring the American dream because it has worked in the past.”
Biden emphasized that it was his economic policies that allowed the U.S. economy to recover after it was exhausted by the new crown epidemic, high inflation and crumbling supply chains.
Describing his economic policies, Biden said, “(Bidennomics) is a willingness to completely rebuild the economy based on three axes: investing wisely, strengthening the middle class through education, and helping small businesses stimulate competition.”
But his predecessor, Donald Trump, eager to win the Republican nomination in next year’s presidential election, has highlighted Bidenonomics as contributing to “the worst recession since the Great Depression.”
“Biden and a Democratic Congress have created the worst inflation in decades,” Trump said in a statement, continuing, “Biden’s inflation and high interest rates have led to a banking crisis, and a A historic catastrophe.”
An ABC News/Washington Post poll released in May showed Trump, a scandal-plagued presidency and likely White House rival, leading by 18 points on who runs the White House. The economy is better.
“Regulatory Economics”
He mentions the name “Bidenomics,” albeit to the contrary, and the name “Regnomics” is associated with the controversial economic policies adopted by former Republican President Ronald Reagan in the eighties, which some have attributed to the prosperity experienced by the United States But it has not faced criticism for favoring the rich and big business because of the principle of “distributing wealth from top to bottom” on which it is based, saying its prosperity will ultimately be reflected in everyone.
The White House reported that Biden intends to turn the page on “Regnomics.”
National Economic Council Director Lyle Brainard told reporters the president “rejects vertical economics, the theory that tax cuts at the top are going to reverse, and all we need is for the government to get out of the way.”
Instead, Assistant White House spokeswoman Olivia Dalton told reporters that Biden would focus on “belief that the economy grows when the middle class grows.”
invest to attract investment
Biden has claimed that the sprawling and extravagant government programs he implemented during his first term will spur economic growth in the long run, leading to a revival of U.S. manufacturing and advancement for the country’s less affluent classes.
Not only is it an economic argument, but it could constitute a roadmap to winning an election in which Democrats and Republicans are expected to battle it out in a handful of battleground states.
Biden’s string of impressive legislative victories over the past two years has reinforced his approach to voters.
The major laws passed by Congress injected historic amounts of money into the green economy technology and semiconductor industries and allocated no less than $550 billion to a broad program to restore infrastructure, including the country’s roads, bridges and other infrastructure.
Brainard said the drip-down theory of wealth inherited from the Reagan era led to the collapse of America’s industrial cities as companies shifted production centers and abandoned ambitious infrastructure projects.
On the other hand, Brainard said Biden’s industrial policy uses government money as an incentive to achieve “a private-sector spending boom to grow manufacturing activity.”
She pointed to funding to expand broadband internet to every corner of America, a program reminiscent of President Franklin D. Roosevelt’s electrification plan to grow the country in the 1930s.
The problem for Biden, however, is that his economic achievements do not reflect the political gains of voters.
Polls show that few Americans trust his low unemployment and economic prosperity. If inflation falls slowly but consistently for 11 straight months, it remains voters’ top concern.
Dalton said Americans will see the situation differently when the fruits of Biden’s plan finally emerge.
“We’ve seen private investment flow back into this country, we’ve seen millions of jobs created. Now is the time for the president to send that message to the American people and confirm that this is what Biden’s economics have achieved,” he said. “she says. Add to.
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