Biden told the audience that he “came into office with a different vision for America…: grow the economy from the middle out and the bottom up; invest in America and American products. And when that happens, everybody does…well…no matter where they lived, whether they went to college or not.” “I was determined to restore U.S. leadership in industries of the future,” he said. The Bipartisan Infrastructure Law, CHIPS and Science Act, and Inflation Reduction Act “mark the most significant investment in America since the New Deal,” with new factories bringing good jobs that are rejuvenating towns that had been left behind in the past decades. Biden said he required that the government buy American goods as the country invested in “modernizing our roads; our bridges; our ports; our airports; our clean water system; affordable, high-speed Internet systems; and so much more.” Eighty percent of working-age Americans have jobs, and the average after-tax income is up almost $4,000 since before the pandemic, significantly outpacing inflation. Biden and his team worked to restore competition in the economy—just today, the huge grocery chain Albertsons gave up on its merger with another huge grocery chain, Kroger, after Biden’s Federal Trade Commission sued to block the merger because it would raise prices and lower workers’ wages by eliminating competition—and their negotiations with big pharma have dramatically cut the costs of prescription drugs for seniors. The administration cut junk fees, capping the cost of overdraft fees, for example, from an average of $35 a month to $5. Biden quoted Jeffrey Sonnenfeld and Stephen Henriques in Time magazine a month ago, saying: “President-elect Trump is receiving the strongest economy in modern history, which is the envy of the world.” In his speech, Biden noted that it would be “politically costly and economically unsound” to disrupt the decisions and investments the nation has made over the past four years, and he urged Trump to leave them in place. “Will the next president stop a new electric battery factory in Liberty, North Carolina, that will create thousands of jobs?” he asked. “[W]ill we deny seniors living in red states $35-a-month insulin?” In their article, Sonnenfeld and Henriques noted: “President Trump will likely claim he waved a magic wand on January 20 and the economic clouds cleared,” and they urged people: “Don’t Give Trump Credit for the Success of the Biden Economy.” Biden gave yesterday’s speech in part to put down benchmarks against which we should measure Trump’s economic policies. “During my presidency, we created [16] million new jobs in America” and saw “the lowest average unemployment rate of…any administration in 50 years.” Economic growth has been a strong 3% on average, and inflation is near 2 percent, he said. “[T]hese are simple, well-established economic benchmarks used to measure the strength of any economy, the success or failure of any president’s four years in office. They’re not political, rhetorical opinions. They’re just facts,” Biden said, “simple facts. As President Reagan called them, ‘stubborn facts.’” Biden is willing to bet that if the American people pay attention to those facts, they will recognize that his approach to the economy, rather than supply-side economics, works best for everyone. Today the NASDAQ Composite index, which focuses on tech stocks, broke 20,000 for the first time.
screen shots being sent to owner of site, so just enjoy while you can. TOSC Website Communications | Talk of Sun City Political: Heather Cox Richardson, December 1 | Talk of Sun City
You bet, Josie! I will, and I do! Your continued interest in these posts helps to raise the awareness of them.
I think the only one interested is Dave, and those that have asked you to stop. They gave up. This was last on my list to get to the owners so screenshots were sent today with the link to the post about how you are doing this on purpose. I just ignore because as people age they may do things they would not normally do.
If you really ignored, you wouldn't/couldn't be bothered about what I do or don't do. Is the moderator or whomever you think you are sending these too going to slap my hand? Make me stop posting? Ban me from the site? I think your last sentence reflects on all of us here in Sun City!
