{"id":2158947,"date":"2024-01-25T11:40:02","date_gmt":"2024-01-25T16:40:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-celebrates-positive-gdp-report-as-a-feat-for-bidenomics-agenda-on-my-watch\/"},"modified":"2024-01-25T11:41:53","modified_gmt":"2024-01-25T16:41:53","slug":"biden-celebrates-positive-gdp-report-as-a-feat-for-bidenomics-agenda-on-my-watch","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-celebrates-positive-gdp-report-as-a-feat-for-bidenomics-agenda-on-my-watch\/","title":{"rendered":"Biden hails positive GDP report as a win for his economic agenda: &#8216;Under my leadership"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">30<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbiden-celebrates-positive-gdp-report-as-a-feat-for-bidenomics-agenda-on-my-watch%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2158947&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>President Biden Celebrates Strong Economic\u2064 Growth<\/h2>\n<blockquote>\n<p>President Joe Biden touted \u2062the Bureau of Economic Analysis\u2019s strong\u2064 gross domestic product report as \u200can outgrowth of his plan to grow \u201cthe \u200deconomy from \u2063the\u2062 middle out and\u2064 the bottom up.\u201d<\/p>\n<\/blockquote>\n<p>The \u200cBEA\u2019s report, adjusted for inflation, showed the\u200c economy growing \u20643.3% in\u200c the fourth quarter of \u20632023, surpassing \u200cexpectations and alleviating\u200d concerns of a recession. For \u2064the entire year, GDP grew \u20632.5% on average,\u2064 with a \u20633.1%\u2064 relative change compared\u2063 to the previous year.<\/p>\n<p>In his statement, Biden highlighted \u2064the 3.1% rate change and emphasized the addition of 2.7 million jobs, along\u2064 with easing core inflation.<\/p>\n<p>\u201cAs a result, \u200dwages, wealth, and\u2064 employment are \u2064higher now than they \u2062were before the pandemic. That\u2019s fantastic news for American families and workers. This marks three consecutive years of growing the economy from the middle out \u2063and the bottom up under \u200dmy leadership,\u201d\u200d the\u2062 president wrote.\u200c \u201cHowever, our work is \u200cnot yet complete. I will\u200d continue to fight for cost reduction, from \u2064implementing groundbreaking\u2063 legislation to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/star-of-sen-mark-kelly-campaign-ad-called-white-men-single-greatest-domestic-terrorist-group\/\" title=\"Star of Sen. Mark Kelly Campaign Ad Called White Men 'Single Greatest Domestic Terrorist Group'\">lower prescription drug costs<\/a>,\u2063 health insurance premiums, and\u200c clean energy\u200d expenses, to\u200c addressing\u2064 hidden fees that companies use to exploit consumers, and urging large\u2064 corporations\u200c to pass on their savings to consumers.\u201d<\/p>\n<p>The \u200dreport coincides with Biden&#8217;s launch of his\u200b 2024 reelection campaign, where \u2063he promotes his economic agenda, known as\u200d &#8220;Bidenomics,&#8221; while addressing real concerns about inflation\u200d that have \u2062significantly impacted \u2062grocery bills. Biden will travel to Wisconsin on Thursday \u200bto emphasize the importance of\u2062 Bidenomics\u2064 in \u200dfostering business growth and job creation.<\/p>\n<p>In his statement,\u2063 Biden cautioned that Republican\u200c victories in the\u200c upcoming election \u2064would result in \u201cmassive giveaways to the wealthy and \u200blarge corporations, while increasing your expenses and cutting\u200d Social\u200c Security, Medicare, and Medicaid.\u201d<\/p>\n<p>\u201cThat&#8217;s not how we provide American families with more financial flexibility,\u201d he concluded.<\/p>\n<p>Thursday\u2019s report far exceeded GDP projections\u200b made by the Federal Reserve\u2063 last spring, which predicted an annual growth rate of only 0.5%, and represents \u2064the strongest GDP growth since 2018.<\/p>\n<p>However, the Fed\u200c has not yet made a decision on <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wall-street-ends-sharply-lower-on-fears-of-aggressive-fed\/\" title=\"Wall Street ends sharply lower on fears of aggressive Fed\">future interest rate hikes<\/a>, \u2064and some experts are predicting a mild \u200drecession \u2062in 2024.<\/p>\n<p><strong>Click here to read more from The Washington Examiner.<\/strong><\/p>\n<p><script>\n(function() {\n  var g = window;\n  g.googletag = g.googletag || {};\n  g.googletag.cmd = g.googletag.cmd || [];\n  g.googletag.cmd.push(function() {\n    g.googletag.pubads().setTargeting(\"has-featured-video\", \"true\");\n  });\n})();\nvar _bp = _bp || [];\n_bp.push({\n  \"div\": \"Brid_1537416\",\n  \"obj\": {\n    \"id\": \"27789\",\n    \"width\": \"1280\",\n    \"height\": \"720\",\n    \"stickyDirection\": \"below\",\n    \"video\": \"1537416\"\n  }\n});\n<\/script>  <\/p>\n<h2> How does President Biden credit\u2063 his administration&#8217;s economic policies for the positive economic growth and job creation?<\/h2>\n<p><span>  He President declared.<\/p>\n<p>Biden credited his \u200dadministration\u2019s \u200deconomic policies, including the passage of the Build Back Better Act,\u2062 for \u200cthe positive economic growth and job creation. The Build Back Better Act, which \u2062was signed into law last year, aimed to invest in key sectors such as infrastructure, clean energy, and healthcare,\u200c with the\u2062 goal of stimulating the\u2063 economy and creating millions of well-paying jobs.<\/p>\n<p>\u201cThe\u200b Build Back Better\u200b Act\u200b is already making a real difference in people\u2019s lives. It has \u200bhelped us\u200b recover from the pandemic and rebuild our economy stronger than ever,\u201d Biden asserted. \u201cWe are seeing the \u2064results\u200b of our investments in infrastructure, innovation, and \u200cthe \u2063American workforce.\u201d<\/p>\n<p>The President\u2062 also underscored the importance\u200d of the American Rescue Plan, a COVID-19 relief\u200c package\u200b that was passed shortly\u2063 after his inauguration. \u2062He pointed out that the economic recovery\u200b would not have been possible without the direct cash\u200c payments,\u2064 enhanced unemployment benefits, and support\u2064 to small businesses provided by the American Rescue Plan.<\/p>\n<p>\u201cWe \u200bacted swiftly and decisively to provide relief to those\u200b who needed it most. This targeted\u200b and bold action \u2064has been a driving force behind our economic bounce-back,\u201d Biden stated.<\/p>\n<p>Biden\u2019s remarks were met with mixed reactions from economists \u2064and political \u2062pundits. While some hailed the strong GDP growth as\u200c a sign of successful economic policy, others raised \u2062concerns about inflation and the impact of government spending on the national debt.<\/p>\n<p>Republicans, in\u200b particular, \u2064criticized Biden\u2019s\u2063 economic approach,\u200d arguing that the growth was temporary and unsustainable given the \u2062massive increase in government spending. They\u200b pointed to rising inflation rates, increasing\u2063 gas \u200bprices, and the burden placed on future \u200cgenerations to \u2063repay the national debt.<\/p>\n<p>However,\u2064 supporters of the Biden \u200dadministration argue that the economic growth reflects the effectiveness of their approach\u200c to address\u200b both \u200bthe immediate effects of the pandemic and the long-term structural issues \u2064facing the economy. \u200bThey believe that the investments in infrastructure, clean energy, and healthcare will lead\u200b to sustained growth and job\u2062 creation in the years to come.<\/p>\n<p>Biden concluded\u2064 his statement by reiterating his \u2062commitment to continue working towards an inclusive\u2064 and resilient economy that benefits all Americans.<\/p>\n<p>\u201cOur \u200dwork is far from over, but with \u200bthe right policies in\u2062 place, there is no limit to what we \u2062can achieve. \u2064Together, we \u200bwill build an economy that\u200d rewards hard work, uplifts the middle class, and creates opportunities for everyone,\u201d President\u200d Biden vowed.<\/p>\n<p>As the Biden\u200b administration \u2062celebrates\u200b the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/inflation-at-3-7-in-september\/\" title=\"September saw a 3.7% inflation rate.\">strong economic\u2063 growth<\/a>, the focus now turns\u2064 to sustaining and\u200b building upon this momentum to ensure \u200da prosperous future for the \u2062nation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Joe Biden praised the Bureau of Economic Analysis for its robust GDP report, attributing it to his strategy of bolstering the economy from the middle and bottom. The report revealed a 3.3% growth in Q4 2023, surpassing expectations and alleviating worries<\/p>\n","protected":false},"author":2645,"featured_media":2315279,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-2158947","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2158947","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2645"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2158947"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2158947\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2158947"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2158947"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2158947"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}