President Joe Biden delivered a speech in Chicago, highlighting the strong performance of the U.S. economy since the pandemic. He emphasized that this growth was not accidental but a result of “Bidenomics” in action. The economy has rebounded impressively, with unemployment remaining below 4% for an extended period, the longest in over 50 years. Despite this success, concerns about inflation and the possibility of a recession persist. President Biden assured the public that controlling inflation is a top priority, noting that it is currently less than half of what it was a year ago. He also mentioned the administration’s efforts to promote competition and reduce prices, particularly in the healthcare sector. President Biden emphasized that the administration’s economic strategy focuses on building from the middle out and the bottom up, in contrast to Republican policies that favor the wealthy. However, recent polls indicate that many voters still have concerns about the economy, expressing negative views and disapproval of President Biden’s handling of economic matters. President Biden acknowledged that work remains to be done but expressed confidence in the administration’s plan to rapidly turn things around.
Denial of responsibility! VigourTimes is an automatic aggregator of Global media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, and all materials to their authors. For any complaint, please reach us at – [email protected]. We will take necessary action within 24 hours.
