CHICAGO — President Joe Biden sought to revitalize support for his reelection among middle-class voters before a Chicago audience Wednesday, branding his efforts at economic growth, job creation and fighting inflation as “Bidenomics” to counter lagging job approval ratings.
The White House labeled Biden’s speech at the Old Post Office as a “major address” and part of the administration’s second Investing in America outreach tour. The Biden administration is touting an economy in recent years that it says is driven from the bottom up through government investment and contrasting it to tax cuts for the wealthy and the trickle-down philosophy of “Reaganomics” launched by Republican Ronald Reagan in the 1980s.
“Today, the U.S. has had the highest economic growth among the world’s leading economies since the pandemic. We’ve added over 13 million jobs, more jobs in two years than any president has added in a four-year term. And folks, that’s no accident. That’s Bidenomics in action,” Biden said in prepared remarks, noting 800,000 of those jobs were in the manufacturing sector.
