Joe Biden doesn’t want you to think he did a terrible job with the economy. He wants you to forget the punishing inflation and shortages that defined his years in the White House. And if Donald Trump experiences economic success during his presidency, Biden wants you to give the “Big Guy” the credit for it. Andrea Shalal reports in Reuters:
U.S. President Joe Biden touted his administration’s economic record and warned against a reprise of Republican “trickle-down economics” during Donald Trump’s second term in what could be his final speech on the economy at Washington’s Brookings Institution on Tuesday.
In his speech, which comes a month after bruising election defeats for the Democrats driven by voters’ concerns about inflation, Biden argued that his push to boost investments in infrastructure, manufacturing and neglected communities averted a bigger economic crisis and laid the groundwork for continued growth.
“Most economists agree the new administration is going to inherit a fairly strong economy,” Biden said. “It is my profound hope that the new administration will preserve and build on this progress.”
Biden boasted that his administration had embraced a new approach after decades of trickle-down economics that benefited wealthy Americans first, and now is growing the economy from “the middle out and the bottom up” to the advantage of the middle class.
He acknowledged that American workers were still struggling with inflation and high housing prices.
Take a look at the Bidenflation that hit Americans’ budgets.
Americans are still paying for Joe Biden’s inflationary policies, and it’s not getting better. That’s not a legacy to be proud of. Don’t forget the shortages:
- DOWNLOAD: FOOD SHORTAGE: Crazed Hoarding Is not Preparing
- SHORTAGE: Biden Shortages Hit Kids’ Medicines
- MAJOR WARNING ON FOOD SHORTAGES: Businesses Prepare for Violence
- WATCH: Biden Finally Admits Fault in Baby Formula Shortage
- FORMULA SHORTAGE: Bare Shelves Biden Has NO Answers
- Add Fertilizer to the Growing List of Shortages Threatening America
- BIDENOMICS: Shortages of Gas at Highest Prices Since 2014
Action Line: Don’t let nostalgic waxing by Joe Biden blur your memory of the last four years. They weren’t great, and he doesn’t deserve much credit. America’s small business owners know exactly what Biden’s legacy is. Look at how their optimism jumped when Trump was elected in my chart below. The most recent uptick was tied for the sixth largest in history, going back to the 1970s. Small businesses know exactly what Joe Biden’s legacy will be, and it’s not good. Click here to subscribe to my free monthly Survive & Thrive letter.
