Yes, elections matter. President Biden gave a very important speech on 6/28/2023. In it, he touted his approach to the economy, or what his administration is calling Bidenomics.
One of the greatest things about Joe Biden’s presidency is how well he’s done on the economy and how little credit anybody has given him for it. It’s important that people know this. We know prices are still too high, but they are in every developed nation and have been since the pandemic.
But did you know that the United States has had the strongest recovery of any major economy in the world? Yes, there is a long way to go, but President Biden has a plan to get us there and has made significant progress.
If we don’t want that progress to go away, we should start acknowledging it.
The Republican Way
Republicans subscribe to an economic theory that’s often called Reaganomics. It describes Ronald Reagan’s approach to the economy. That approach is to cut taxes, cut social spending, deregulate everything, and boost military spending. If rich people got richer, some of their money would trickle down to the rest of us.
Reaganomics. What Happened?
Because of Reagan, nothing trickled down at all. The opposite happened. The rich got richer, and everyone else, including the middle class, got decimated.
Jobs went overseas. Job creation numbers plummeted in the U.S., and the deficit skyrocketed. And yet Reaganomics has remained the approach for every Republican administration.
That’s why job creation is better under Democrats than Republicans and why it is always Republicans who drive up the deficit.
What Is Bidenomics?
President Biden wants to grow the economy from the bottom up and middle out, not the top down. It’s trickle-up economics. How is he doing that? The Democrats passed three huge pieces of legislation when they had a trifecta, with barely any Republican support. Those bills are creating jobs. Tons of them. 13 million jobs so far. The CHIPS and Science Act, the Bipartisan Infrastructure Act, and the Inflation Reduction Act.
There are 35,000 projects already funded, and we’re requiring construction materials used in federal projects to be made in America. President Biden is promoting domestic production of semiconductors, batteries, electric cars, and clean energy, with 490,000,000,000 in private investment already committed while reducing carbon emissions and clean energy costs.
He’s also ensuring workers can get the education and training they need to get good-paying jobs, including jobs that don’t require a four-year degree. And he’s working to make it easier to join a union. Those are just some of the policies he’s put in place to help workers and boost manufacturing.
He’s also bringing the deficit down. This progress is incredible and has been a direct result of Joe Biden’s policies.
Spread The Word
Make no mistake about it elections matter. So if we want to keep seeing progress like this, tell your friends and family who’s getting the job done.