Thank You Bidenomics; One Trillion in Private Sector Investment

The Biden/Harris Administration hailed the announcement that one trillion dollars of private sector investment occurred during President Biden and Vice President Harris’s time in office.

How did this happen?

Well, when the Administration, with the help of Congressional Democrats and, in some instances, Republicans, passed monumental legislation that Donald Trump could not like the American Rescue Plan, the Bipartisan Infrastructure Law, the CHIPS and Science Act, and the Inflation Reduction Act, that is going to generate a lot of private sector investment in rebuilding the nation’s infrastructure, retaking the semiconductor market, and developing clean energy technologies.

In a White House Statement, President Biden said:

“When I took office, the pandemic was raging and the economy was reeling. From Day One, I was determined to not only deliver economic relief, but to invest in America and grow the economy from the middle out and bottom up, not the top down.

Over the last four years, that’s exactly what we’ve done. We passed legislation to rebuild our infrastructure, build a clean energy economy, and bring manufacturing back to the United States after decades of offshoring. Today I’m proud to announce my Investing in America agenda—the Bipartisan Infrastructure Law, the CHIPS and Science Act, and the Inflation Reduction Act—has helped attract over $1 trillion in announced private-sector investments. These investments in industries of the future are ensuring the future is made in America, by American workers. And they’re creating opportunities in communities too often left behind.

Over 1.6 million construction and manufacturing jobs have been created over the last four years, and our investments are making America a leader in clean energy and semiconductor technologies that will protect our economic and national security, while expanding opportunities in red states and blue states.

Today, thanks to my Investing in America agenda, businesses around the world are investing in America—which is good news for American workers and American businesses—and we’re positioned to win the economic competition for the 21st century.”

The numbers (record jobs created, falling inflation, falling crime rates, fewer border crossings, rising wages) back up the success of the Biden/Harris approach.

Had Vice President Kamala Harris prevailed last November, she and Governor Tim Walz would have built on the many successes of the Biden/Harris Administration and worked for additional measures to move the country forward and lift people up.

Unfortunately, many American Voters, who did not learn from before and were suckered by more big lies from Donald Trump, chose to go back to a person, a convicted felon and failed President, who is about to make their lives miserable with the announcement of 25 percent tariffs on Canada and Mexico along with 10 percent on China on the day he takes office that they will bear the costs of.

Mr. Trump also wants to take away the Biden/Harris economic legacy. Republicans in Congress who benefit from those policies may not be happy with that.

History will be kind to Joe Biden and Kamala Harris in a way that voters did not appreciate.

But in this first draft of history, this writer would like to say thank you to President Biden and Vice President Harris.

Thank you Bidenomics.