And as he also made clear, there’s much more on his list.īiden’s policies are not just important because of their specific worth they add up to a new way of looking at economics. Through executive orders and appointments, his administration is reining in the power of corporate monopolies in order to drive innovation, raise wages, and make people’s lives more affordable.īiden has accomplished more to support working and middle-class Americans in his first two years in office than the last six presidents combined. Biden signed historic legislation to invest in infrastructure and high-tech manufacturing, fight climate change, increase Americans’ incomes, and lower their costs. He’s delivered on that vision, as he made clear in the first 45 minutes of the State of the Union address. It’s time to grow the economy from the bottom up and the middle out.”
In his 2021 speech to a joint session of Congress, Biden proclaimed, “Trickle-down economics has never worked.
This is far from the first time that the president has planted the flag for middle-out economics. His accomplishments represent a reimagining of how America conceives of and executes economic policy. The agenda Biden is advancing is much more than a collection of policies. President Biden is attempting to do something that no president has done since Ronald Reagan: fundamentally transform how Americans understand the economy and the role of government in creating economic growth and broad-based prosperity. Because when the middle class does well, the poor have a ladder up and the wealthy still do very well. To build an economy from the bottom up and the middle out, not from the top down. In the opening paragraphs of Tuesday night’s State of the Union address, President Biden declared, “I ran for president to fundamentally change things, to make sure the economy works for everyone so we can all feel pride in what we do. President Joe Biden delivers remarks on his economic agenda at a training center run by the Laborers' International Union of North America, February 8, 2023, in Deforest, Wisconsin.
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