President Joe Biden was right when he told White House Press Reporters at a gathering of digital entrepreneurs (where the President joked he was looking for a job) yesterday that they should start writing about it when referring to the positive effects of his Bidenonomic policies on the nation.
The latest inflation measures are the latest example of Bideonomics having a positive effect on the Nation’s economy.
In an official statement following the release of the July Consumer Price Index, the President both praised his team’s efforts and realized that more work needs to be done for hardworking Americans, writing:
“Today’s report shows that we continue to make progress in fighting inflation and lowering costs for American households. Inflation has fallen below 3% and core inflation has fallen to the lowest level since April 2021. We have more work to do to lower costs for hardworking Americans, but we are making real progress, with wages rising faster than prices for 17 months in a row.
Prices are still too high. Large corporations are sitting on record profits and not doing enough to lower prices. That’s why we are taking on Big Pharma to lower prescription drug prices. We’re cutting red tape to build more homes while taking on corporate landlords that unfairly increase rent. And we’re taking on price gouging and junk fees to lower everyday costs from groceries to air travel. Congressional Republicans would raise prices for middle-class families while cutting taxes for billionaires and big corporations. While they try to take us back, we will fight for the future.”
Vice President Kamala Harris is scheduled to give a speech highlighting her economic vision of the country that builds on the foundations of the Biden/Harris Administration and charts a course for the future including making life easier for the Middle and Working classes.
In speeches across the country in front of packed audiences, the Vice President has already offered hints of legislation she would propose like paid family leave, expanding the child tax credit, and increasing opportunities for child care.
To those in MAGA World who believe their failed President and 34 times convicted, twice impeached American Duce wannabe when he says we live in a third-world country where the economy has been destroyed and criminal migrants are swarming across the southern border.
Stop drinking the Project 2025-Handmaids Tale-American Mein Kampf Kool-Aid.
Did Trump sign into law the Bipartisan Infrastructure Act?
No, it was Joe Biden and Kamala Harris.
Did Trump sign into law the CHIPS and Science Act?
No, it was Joe Biden and Kamala Harris.
Did Trump sign into law the American Rescue Plan that fully funded law enforcement?
No, it was Joe Biden and Kamala Harris.
Did Trump sign into law the Prescription Drug Benefit that brought insulin costs down to $35 for seniors?
No, it was Joe Biden and Kamala Harris.
Did Trump invest in new technologies designed to combat climate change and foster clean energy industries?
No, it was Joe Biden and Kamala Harris while Mr. Sharknado complained about electric-powered boats and how solar panels and wind power killed birds.
Did Trump support the strongest border security measure in a political generation?
No, it was Joe Biden and Kamala Harris while Mr. Trump wanted the issue to distort and campaign on.
President Biden was right when he said the economic policies of the Biden/Harris Administration are the “greatest story never told.”
Need more.
The Biden/Harris Administration also just celebrated the announcement of 19 million new business applications during their time in office.
President Biden noted:
“As of today, entrepreneurs across the country have filed 19 million new business applications since Vice President Harris and I took office. That’s 19 million acts of hope and confidence in our economy. A record number of those businesses are being opened by Black, Latino, and women entrepreneurs—and it’s no accident. Our Administration supported small businesses when hundreds of thousands were at risk of closing during the pandemic and continues to invest in underserved businesses—more than doubling the number of loans to Black-, Latino-, and women-owned small businesses. While we fight to support entrepreneurs and build up the middle class, Congressional Republicans are threatening small businesses with cuts to the Small Business Administration and by putting big corporations first to cut their taxes and protect their loopholes.”
Vice President Harris offered:
“Small businesses are the backbone of our communities. They strengthen the middle class by creating jobs, advancing opportunity, and establishing pathways for Americans to build intergenerational wealth. That is why President Biden and I fight every day to invest in America’s small businesses, their owners and entrepreneurs, and the workers who power them.
Today, I am proud to celebrate that a record 19 million new small business applications have been filed since President Biden and I took office. Building on work that I did as a United States senator, our Administration is investing billions of dollars in community lenders, which provide capital and financial support to small business owners and entrepreneurs in overlooked and underserved communities, including in rural America. These efforts are working, as we witness record small business creation from groups that are traditionally underrepresented in entrepreneurship.
President Biden and I will continue to invest in the ambitions and aspirations of small business owners and entrepreneurs in communities across our nation as we ensure they have the resources and opportunity to not only survive but thrive.”
Need more proof. View these updated charts from economist and MSNBC analyst Steven Rattner on comparing the Trump and Biden Presidencies.
Check out these new prescriptions that the White House announced today are now eligible for discounts.
Bidenonomics works.
While more work needs to be done to move the country forward and lift people up, American voters would be wise to go with the ticket (Harris/Walz) that would build on the foundations set down by the Biden/Harris Administration and shun the one (Trump/Vance) that would take America backward, culturally and economically, to the ignorant, isolationist, women and minorities have less rights, and Klan influenced political environment of the early 1920s.
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