Dec 10, 2024, 10:00 AM
Dec 10, 2024, 10:00 AM

Biden faces backlash for addressing elite groups while average Americans struggle

Highlights
  • President Joe Biden will address the Brookings Institution to discuss his economic legacy.
  • His administration's policies are credited with significant job growth and recovery from the Covid-19 pandemic.
  • Biden emphasizes the need for continued investment in middle-class America to avoid regressive economic policies.
Story

On December 10, 2024, President Joe Biden is scheduled to deliver a significant address at the Brookings Institution in Washington, DC, where he will outline how his economic policies have positioned the U.S. economy favorably amid the recovery from the Covid-19 pandemic. His remarks will address a wide audience, including economists, academics, labor leaders, consumer advocates, and business leaders, illustrating the effectiveness of his administration's initiatives. Biden aims to emphasize the robust recovery and job growth experienced during his tenure, showcasing the addition of 16 million jobs, more than any other president in a single term. Biden's speech comes nearly four years after he assumed office during a severe economic downturn triggered by the pandemic. During this time, the U.S. economy managed to avert many of the challenges faced by other developed nations, except for persistent inflation. The president will discuss the successful aspects of his middle-out-bottom-up economic approach, which prioritizes investment in infrastructure, manufacturing, and support for unions and working families. He is expected to draw a stark contrast between his policies and the potential return to trickle-down economics associated with his opponents. The speech is also intended to address the critical juncture the U.S. faces as the administration approaches its final days in office. Biden will highlight the importance of continuing to invest in all segments of society to foster economic growth while avoiding regressive policies that disproportionately benefit the wealthy. His address will reinforce the notion that progress has been made, although further work is necessary to ensure sustainable and equitable growth moving forward. The White House has expressed confidence in Biden's achievements thus far and seeks to galvanize support for his vision during the conclusion of his presidency. As part of a broader strategy, the administration plans to amplify Biden's message through a new website dedicated to his economic legacy. The address will mark a crucial opportunity for Biden to remind the public of the strides made under his leadership despite pressing economic challenges. The White House will use this occasion to rally support among various audiences, potentially influencing public perception ahead of future political engagements. It underscores a commitment to demonstrating that the administration's efforts have not only responded to immediate crises but have ultimately laid a foundation for a stronger economic future for all Americans.

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