‘Bidenomics’: US Economy ‘Is Delivering for the American People’
White House offers glimpse of the record the president will run on for a second term
Gearing up for the reelection fight that lies ahead, the White House is branding the success of President Biden's economic policies under the umbrella of “Bidenomics.”
White House press secretary Karine Jean-Pierre explained Bidenomics to reporters Monday during the regular press briefing.
“I think it’s pretty clever. It’s pretty good. Look, it makes good sense, Bidenomics, kind of flows off the tongue really well,” Jean-Pierre said, light-heartedly. “But in all seriousness, look, what you’ll hear from the president — I don’t want to get ahead of him — I think we've kind of laid out a little bit of what we are thinking or what we think the president will lay out and what he’s going to lay out.
“Certainly, it’s a vision. It's a vision about growing the economy from the middle out, the bottom up. You hear us say that over and over again because we believe that trickle-down economics does not work, and we have seen that over and over again,” she added. “And what we have seen, even before the pandemic, is we have seen Americans and American families being left behind.”
Biden's record of job growth, low unemployment and efforts to bring inflation under control all deserve to be highlighted, according to Jean-Pierre.
His economic stewardship certainly will become an issue over the next year while Biden seeks a second four-year term, in what increasingly appears will be a rematch against Republican Donald Trump.
“If you look at the data and what we have seen from what the president has been able to deliver in the last two years is an economy that is getting back on its feet, an economy that is actually delivering for the American people: 13 million jobs, unemployment rate at under 4 percent,” she said. “When you think about wages going up, when you think about inflation at its lowest, by more than 50 percent than it was a year ago, that’s because of the work this president has done.”
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