Joe Biden brags about the economy: “More jobs in two years than any president in four”

Joe Biden he wants to convince Americans that his economic agenda is working. This is how he faced a series of events this week with one goal in mind, to talk about his bidenomics — the name given to his economic policy by the press, and now claimed by Biden himself. The effort took him to Chicago on Wednesday, where he gave a speech praising the results of the measures he has taken during his tenure.

Positive economic results have made this possible since he occupied the White House in 2021. «We added more than 13 million jobs, more jobs in two years than any president has added in a four-year term,” Biden told Chicago. “It wasn’t an accident,” he insisted. He did it in front of several posters that said that everything that is said there has its own name: Bidenomics.

The Democrat’s touted results, in addition to outstanding employment performance in times of economic uncertainty, include control over inflation which, while remaining high, shows signs of falling (It remained at 4% in May, 2.4% below the data with which the US started 2023). In this regard, the Biden administration already accepted at the beginning of the year that one of its outstanding tasks is to get citizens to recognize the economic achievements of the president. The speech in Chicago was part of a plan to fix that.

As Biden explained, his plan for the economy develops on three axes. He is the first “smart investment” in the United States; second, “educate and empower workers for the growth of the middle class”; and the third, “promoting competition to lower prices and help small businesses.”

According to the president, the bet is to leave “trickle down economy”—who assume that the growth of big business and wealth will cause wealth to ‘trickle down’ to those below—to take a ‘fundamentally different course’. For Biden, the economy “trickle down“(drip, in Spanish), based on tax cuts for large estates and companies, “failed the middle class”. It would therefore be responsible for “increasing deficits, increasing inequality and weakening the infrastructure” of the United States.

Acceptance of the economic results of the Biden campaign contradicts the perception that Americans have about the state of the country. Most believe that the economy is not on the right track. In one survey, a 76% of respondents in May he declared that the economy was in “bad shape” (CNN polls). When asked about Biden, 66% suspended the president in the economy. Now we will have to see if Bidenomics convinces them.