After many years of trickle-down economics President Biden has written that taxes have been cut for the wealthy, public investment has been slashed, jobs and factories have been moved overseas, unions have been destroyed, and the social safety net has been torn apart a brand new playbook that grows the economy from the middle out and from the underside up. . .
. . . provides the strongest recovery on the planetand lay a powerful foundation for the approaching years:
- Invest in ours Infrastructuremanufacturing, scientific development and communities left behind after many years of neglect;
- We give working families and the center class the prospect to get ahead through creativity good jobs with family-friendly wages and by supporting unions;
- Reduce costs and provides smaller firms a good likelihood to compete.
In the last 4 yearsWe have made remarkable progress:
- Over 16 million jobs have been created – essentially the most in a single presidential term in American history – and latest jobs are being created every month.
- The lowest average unemployment rate of any administration in 50 years;
- A record 20 million latest business applications;
- A doubling of union petitions;
- The smallest racial wealth gap in 20 years;
- More Americans with medical insurance than ever before;
- The stock market at record highs and 401(k)s up;
- More than $1 trillion in announced private sector investments in clean energy and advanced manufacturing in America;
- Reducing inflation while supporting a powerful labor market – with inflation falling faster and lower than in almost every other advanced economy, and Incomes rose nearly $4,000 greater than prices.
