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Analyzing “Bidenomics”: President Biden’s Economic Policy and Results

With our correspondent in Washington, Guillaume Naudin

« I do not know what it is “. This was, until now, the reaction of Joe Biden when he was told about “Bidenomics”, a neologism formed to qualify his economic policy and often to criticize it.

But the president changed his mind. ” Bidenomics is about building the economy from the middle and the bottom – not the top – by making three fundamental changes. First, make smart investments in America. Second, train and empower American workers to grow the middle class. And third, promote competition to lower costs and help small businesses said President Biden.

Joe Biden also recalled his results in terms of jobs and growth. A balance sheet that he willingly opposes to the run-off theory, in vogue for decades, and that he attributes to the Republicans.

The idea, he says, is that if the very wealthy are doing well, the money will eventually trickle down. ” It is the belief that we should lower taxes for the wealthy and big business. I want them to do well, but I’m tired of waiting for the runoff. It doesn’t happen very quickly. There wasn’t much that fell on my dad’s kitchen table when I was a kid added the president.

Now, by claiming Bidenomics, Joe Biden wants the economic results to be attributed to him personally.

For it to work at the ballot box, voters will have to be convinced that they are good.

2023-06-28 23:31:00


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