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Promoting the Bidenomics Effect: Black Unemployment and Poverty Rates Fall

Delivery time2023-08-28 21:15

Promoting the Bidenomics effect… “Black Unemployment and Poverty Rates Fall”

US President Joe Biden

[AP 연합뉴스 자료사진. 재판매 및 DB 금지]

(Seoul = Yonhap News) Reporter Yuhanju = U.S. President Joe Biden emphasized in a Washington Post (WP) article that the lives of black people in the United States are getting better through the massive stimulus package’Bidenomics’.

President Biden said in an article published on the 27th (local time), the day before the 60th anniversary of Martin Luther King Jr.’s “I have a dream” speech.

In an article titled “We Must Move Forward to Pastor King’s Dream,” he commented on the “trickle-down” theory, saying, “It exacerbates inequality and institutional barriers so that black Americans can start businesses, own homes, send their children to school, and dignify themselves.” It made retiring more difficult.”

He then explained that the current administration chose bidenomics rather than the trickle-down theory to realize what Pastor King had urged.

Ahead of next year’s presidential election, the Biden administration is promoting achievements such as job creation in the manufacturing industry, expansion of infrastructure investment, falling inflation, and low unemployment in relation to Bidenomics ahead of next year’s presidential election.

President Biden mentioned the US Structural Planning Act and the Bipartisan Infrastructure Act on this day and said, “Thanks to the major laws and executive orders I signed, we are increasing equity in all areas through unprecedented investments across the United States, including in the black community.” insisted.

“The black unemployment rate fell to an all-time low this spring, more blacks are starting businesses than at any other time in the past 25 years, more black families have health insurance, and we cut the poverty rate of black children in half in my first year in office.” wrote.

President Biden declared that the government would continue to work hard for the black community.

“We will prioritize increasing access to government contracts and loans,” he said. “We are addressing housing segregation and increasing black homeownership.”

In addition, he added, “We have invested more than $7 billion (about 9.3 trillion won) in traditionally black colleges and universities (HBCUs) so far,” adding that black families are receiving a lot of help through the recently promoted student loan repayment plan.

President Biden referred to the incident in which three black people were killed in a shooting at a discount store in Jacksonville, Florida the day before, and said, “(Black people) should refuse to live in a country where they fear being shot because of the color of their skin.”

“On this day of remembrance, we must continue to show that racial equality is not just an aspiration,” he said.

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2023/08/28 21:15 Sent

#Bidens #Contribution #60th #Anniversary #Pastor #Kings #Speech.. #Move #Pastor #Kings #Dream #yunhap #news
2023-08-28 12:15:17

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