‘Bidenomics’ is a business opportunity. But who can cash in?

Joe Biden, in town for a fundraiser, gives a speech at the Old Post Office in Chicago touting the achievements of his presidency, dubbed 'Bidenomics'. Photograph: Cindy Barrymore/Shutterstock

This past week Joe Biden gave a speech in which he touted his economic policies and, rather than deflecting, he leaned into what many of his opponents called “Bidenomics”.

Bidenomics is the opposite of “trickle-down” theory, which holds that tax cuts to wealthy individuals and corporations ultimately find their way to the rest of the population through more spending and investment. For the president and his supporters, Bidenomics means government spending and investment in infrastructure and services that create jobs and growth.