Biden Is Setting Trump Up On His Way Out The Door
President Biden gave a speech on the economy where he not only talked about his accomplishments, but also gave Democrats a message by setting Trump up.
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Joe Biden Isn’t Going Quietly
President Joe Biden could easily sit back and let the end of his term expire. This president has done enough to build an impressive legacy of accomplishment. No one would fault Biden if he washed his hands of the future of the Democratic Party due to the way his reelection campaign ended, but that is not Joe Biden.
Instead, Biden is giving Democrats the message that could shape their next four years.
While speaking at the Brookings Institution, the President said:
Next month, my administration will end and a new administration will begin. Most economists agree the new administration is going to inherit a fairly strong economy, at least at the moment.
An economy going through a fundamental transformation. It's laid out a stronger foundation and a sustainable, broad based, highly productive growth. And it's my profound hope that the new administration will preserve and build on this progress. Like most great economic developments, this one is neither red nor blue.
And America's progress is everyone's progress. After decades of trickle-down economics that primarily benefited those at the very top, we've written a new book that's growing the economy. The middle out and the bottom up. It benefits, thus far, everyone. And this is going to be the test that's going forward.
Over 16 million new jobs. The most in any single presidential term in American history. The lowest average unemployment rate of any administration in the last 50 years. 20 million applications for new businesses started is a record. Stock market hits record highs. I wish I had lot of stock. You know the worst part of all this? For 36 years I was listed as the poorest man in Congress. What a foolish man. Anyway, 401ks are up. More than a trillion dollars in private sector investment in clean energy and advanced manufacturing in just two years alone.
After decades of sending jobs overseas for the cheapest labor possible, companies are coming back to America, investing in building here and creating jobs here in America, in my view, where they belong. Of course, this economic growth is not without pain. The entire world faced a spike in inflation due to disruptions from the pandemic and Putin's war in Ukraine.
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