‘Bidenomics Is Working’ in Contrast to GOP’s Trickle-Down Approach, President Says
- President delivers major economic speech with eye on 2024 vote
- Touts industrial drive as GOP rivals hammer him on inflation
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President Joe Biden touted his economic agenda, contrasting it with the small-government philosophy Republicans have espoused for decades, as he sought to persuade skeptical voters the economy is thriving and bolster his reelection prospects.
“The trickle-down approach failed the middle class,” Biden said Wednesday of Republican policies, including those he said were enacted by his predecessor, former President Donald Trump, the frontrunner for the GOP nomination. “Under trickle down economics, it didn’t matter whether you made things as long as you help a company’s bottom line, even if that meant seeing jobs and industries go overseas for cheaper labor.”