WASHINGTON — President Biden launched a new push Wednesday to sell his economic agenda and convince skeptical voters that the economy is thriving under his watch, showcasing a message that White House officials see as critical to his 2024 election prospects.
In a speech in the cavernous lobby of downtown Chicago's Old Post Office, the president laid out his vision for "Bidenomics," a catch-all phrase for his strategy to boost the middle class through federal investments and promote competition in order to lower costs for working families.
He sought to contrast his plan with the trickle-down economics embraced by his predecessor and potential 2024 opponent, former President Trump. The trickle-down theory, made famous by former President Reagan, focused on cutting taxes and easing regulations.
