EFE.- The President of the United States, Joe Bidenput this Wednesday the economy in the center of your election campaign by 2024 with a speech outlining his vision for improving classroom life worker with support to unions and taxes on richan idea baptized as “bidenomics“.
This attempt to provide Biden a fresh message ahead of the 2024 elections represents the largest effort to date from the White House to convince the public that the Economic politics of the president have helped the country recover from the pandemic and continue to grow.
The task is not easy, since only one third of the Americans he thinks he’s doing a good job with the economy and his approval ratings are at 43%, according to Gallup.
Biden he chose as the setting for his big speech the old post office in Chicago: a high-ceilinged space with marble walls, decorated with huge American flags and large blue signs with the word “bidenomics” decorating the stage.
In front of an audience of 200 people, the president took the podium to define this new idea of ”Bidenomics.”
“Bidenomics is about the future. ‘Bidenomics’ is another way of saying that we are going to restore the dream American“said the president, who said that the economists they are the ones who had invented that termbut that he has now appropriated it because: ‘Bidenomics’ is working”
Under that term ofbidenomics“The White House has included a host of ideas, from infrastructure investments to tax incentives to resuscitate the information sector. manufacture in the United States going through more populistssuch as ending the hidden commissions charged by airlines, banks and other sectors.
According to the White House, “bidenomics” supposes a fundamental break with the economic theory of “Reaganomics” (reaganomy, in Spanish), the neoliberal economic vision promoted by the former president ronald reagan (1981-1989) to promote the free market and reduce taxes.
Although that neoliberal vision is associated with Reagan, Biden linked her directly to former President Donald Trump (2017-2021), whom he did not call by name and referred to only as his “ancestor”.
indirectly, Biden criticized Trumpwith whom he could face again in the 2024 elections, due to the policies he implemented to benefit the most rich of the United States, while appealing to the disenchantment of the working class with the globalization.
“This is the moment. American families are finally going to get relief,” he said. Biden.
The president promised to carry out some of the biggest social reforms he championed during his election campaign of 2020 and that were stagnant because the democrats do not have enough votes to pass them in the Congress.
BidenIn fact, he used his speech to make it clear that he intends to continue fighting for higher taxes for the rich and a great reform that allows children between the ages of three and five to access free education, in addition to lowering the price of high costs that Americans pay for college.
With the arrival of Biden to the White House in January 2021, the US economy recovered after the drop in the GDP during the pandemic and unemployment rates fell to 3.7% last May.
However, the economy has shown its worst facet with the inflationwhich rose to all-time highs in 40 years, reaching 9.1% in June 2022, although it has been receding and stood at 4% in May.