8/31/2023 0 Comments Case of tragic optimism![]() He beat Big Pharma to give Medicare the power to negotiate prescription drug prices and cap insulin at $35. The President has signed laws to cut the deficit an additional $1 trillion. That includes proposing a rule to ban noncompete agreements, fighting to end junk fees, and providing support and capital to small businesses.īidenomics is proving that we can invest in the American people while reducing the deficit, which fell a record $1.7 trillion in the President’s first two years in office. Third, we’re promoting small - we’re promoting competition to lower costs and help small businesses. We’re ensuring workers can get the education and training they need to get good-paying jobs, and we’re making it easier to join a union. Real incomes and household net worth are up since the President took office, and pay for low-wage workers has grown at the fastest pace in over two decades. Second, educating and empowering workers. We’ve added 13 million jobs, a record-setting 10 million small-business applications, and inflation is down by half.Īs the President will explain, Bidenomics has three key pillars:įirst, making smart investments in America, like rebuilding America’s crumbling infrastructure making more semiconductors, batteries, electric cars, and clean energy here at home and powering a resurgence in American manufacturing. We’ve had - we’ve had the most - the strongest economic growth and the lowest current inflation of any peer country. President Biden believes that the best way to grow the economy is to grow the middle class, and his plan is working. So, in Chicago today, before an audience of business and labor leaders, elected officials and community leaders and workers, the President will make the case for Bidenomics, his plan to grow the economy from the middle out and the bottom up, a fundamental break with trickle-down economics, which fail- failed the middle class. How is everyone today? You all doing well? Okay. Get Involved Show submenu for “Get Involved””.The White House Show submenu for “The White House””.Office of the United States Trade Representative.Office of Science and Technology Policy.Executive Offices Show submenu for “Executive Offices””.Administration Show submenu for “Administration””.
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