{"id":2378290,"date":"2024-12-10T05:21:02","date_gmt":"2024-12-10T10:21:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-eyes-economic-legacy-with-bidenomics-speech-washington-examiner\/"},"modified":"2024-12-10T05:25:36","modified_gmt":"2024-12-10T10:25:36","slug":"biden-eyes-economic-legacy-with-bidenomics-speech-washington-examiner","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-eyes-economic-legacy-with-bidenomics-speech-washington-examiner\/","title":{"rendered":"Biden eyes economic legacy with Bidenomics speech &#8211; Washington Examiner"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">20<\/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-eyes-economic-legacy-with-bidenomics-speech-washington-examiner%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=2378290&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--><p>In a strategic move to solidify his <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/michigan-governors-race-much-closer-than-previously-suggested-new-poll-shows\/\" title=\"Michigan Governor\u2019s Race Much Closer Than Previously Suggested, New Poll Shows\">economic legacy<\/a>, President Joe\u2063 Biden is preparing to\u200d deliver a significant speech focusing\u200d on his economic policies.Set \u2062to take place at the\u200b Brookings Institution, the address will center \u200bon his\u200c &#8220;middle-out-bottom-up economic playbook&#8221; as he contemplates\u2062 his post-presidency future. This initiative follows a recent election \u200dwhere economic concerns were pivotal, \u200bcontributing to \u200bthe victory of President-elect Donald Trump. \u2064Critics\u2063 are quick\u200b to point\u2064 out the challenges Biden has faced, labeling his presidency\u2062 with terms like &#8220;debt, deficits, and declining\u2062 incomes.&#8221; The white House seeks to counter \u2063these criticisms by \u200dhighlighting \u2063Biden&#8217;s approach, which\u2063 aims \u2062to reverse the effects \u2062of decades of trickle-down\u200c economics and foster growth from\u2062 the middle class and lower-income demographics.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\"><\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">Biden eyes economic legacy with final-hour speech after voters rejected &lsquo;Bidenomics&rsquo;<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_1907838\" class=\"tpd-featured-video bridtv\"><\/div>\n<p>President <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/joe-biden\/\" target=\"_blank\" rel=\"noopener\" title=\"Joe Biden\">Joe Biden<\/a> is making a case for himself in his final days, preparing a Tuesday speech on <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/bidenomics\/\" target=\"_blank\" rel=\"noopener\" title=\"the economy\">the economy<\/a> as he looks toward his post-presidential future. <\/p>\n<div class=\"article-paywall\">\n<p>According to the <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/white-house\/\" target=\"_blank\" rel=\"noopener\" title=\"White House\">White House<\/a>, Biden will speak on his &ldquo;middle-out-bottom-up economic playbook&rdquo; at the prominent Brookings Institution think tank in Washington, delivering what it describes as a major address on his economic legacy. <\/p>\n<p>&ldquo;After decades of trickle-down economics that slashed taxes for the wealthy, diminished public investments, offshored jobs and factories, destroyed unions, and ripped at the social safety net, President Biden has written a new playbook that&rsquo;s growing the economy from the middle out and the bottom up,&rdquo; a White House official said, previewing the remarks. <\/p>\n<p>The speech comes after an election in which the economy was one of the top issues leading to President-elect <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/donald-trump\" target=\"_blank\" rel=\"noopener\" title=\"Donald Trump\">Donald Trump<\/a>&lsquo;s victory, giving Biden&rsquo;s critics plenty of ammunition.<\/p>\n<p>&ldquo;Biden will be remembered for the three D&rsquo;s &mdash; debt, deficits, and declining incomes,&rdquo; Heritage Foundation economist Stephen Moore said. &ldquo;He is the most <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/dangerous-for-democracy-mitt-romney-lashes-out-at-josh-hawley-and-ted-cruz-for-pushing-back-against-stolen-election\/\" title=\"\u201cDangerous for Democracy\u201d \u2013 Mitt Romney Lashes Out at Josh Hawley and Ted Cruz for Pushing Back Against Stolen Election\">failed president<\/a> in modern times. He leaves office with <a href=\"https:\/\/amzn.to\/3YuVZYV\">record-low approval ratings<\/a>. History will not treat him kindly.&rdquo;<\/p>\n<p>That&rsquo;s exactly the view Biden may be hoping to change with the late-stage speech. <\/p>\n<p>According to the White House, Biden will focus on how infrastructure, manufacturing, scientific development, and communities had been left behind by &ldquo;decades of neglect&rdquo; prior to him becoming president, which Biden began the work to turn around during his single term in the Oval Office.<\/p>\n<p>That&rsquo;s the view held by Center for American Progress economist David Madland. <\/p>\n<p>&ldquo;He made a big shift toward policy that focuses on unions and the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/a-football-analogy-to-explain-democrats-election-cheating\/\" title=\"A Football Analogy to Explain Democrats&#039; Election Cheating\">working class<\/a>,&rdquo; Madland said. &ldquo;Ultimately, that policy hasn&rsquo;t done enough yet, but the Biden legacy is one of bringing back the idea that the point of policy is to strengthen working-class outcomes.&rdquo;<\/p>\n<p>Biden has described himself as the most <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/labor-board-dismisses-union-misconduct-complaints-following-biden-purge\/\" title=\"Labor Board Dismisses Union Misconduct Complaints Following Biden Purge\">pro-union president<\/a> in history, and Madland argues that he is part of a bipartisan push to refocus on how the economy affects individuals and families rather than looking only at top-down growth.<\/p>\n<p>&ldquo;Both Trump and Biden are really part of this big shift that&rsquo;s a rejection of trickle-down economics, and now the question hopefully is that &mdash; what&rsquo;s the best way forward to make policy that <a href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/3248342\/trump-pro-union-labor-secretary-pick-progressive-darling\/\" target=\"_blank\" rel=\"noopener\" title=\"helps unions\">helps unions<\/a> and workers,&rdquo; he said.<\/p>\n<p>During his first years in office, Biden was able to usher several economic bills through Congress, including the $1.2 trillion Infrastructure Investment and Jobs Act, the $280 billion CHIPS and Science Act, and the $891 billion Inflation Reduction Act.<\/p>\n<p>Biden backers say it will take years or even decades for the full impact of those bills to be felt, as they funded investment in projects that are just beginning.<\/p>\n<p>That&rsquo;s something the president is likely to say himself as he works to shore up a legacy marked by inflation, poor marks in economic polls, and the reemergence of Trump as a political force. Just over a month from now, Biden will hand the White House back to the man he took it from, an occurrence that has happened only once before in American history.<\/p>\n<p>Among the statistics Biden is likely to cite are 16 million jobs created since he took office in the throes of pandemic lockdowns, unemployment that consistently hovered in the low single digits, 20 million new business applications, and steady stock market growth. <\/p>\n<p><a href=\"https:\/\/www.washingtonexaminer.com\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong><\/strong><\/a><\/p>\n<p>He will contrast that with what he says is Trump&rsquo;s vision of tax cuts for high earners and reduced investments in government-funded projects.<\/p>\n<p>With about 40 days left in his term, Biden&rsquo;s approval rating on the economy sits at 39.3%, <a href=\"https:\/\/www.realclearpolitics.com\/epolls\/other\/president_biden_job_approval-7320.html\" target=\"_blank\" rel=\"noopener\" title=\"according\">according<\/a> to the <em>RealClearPolitics<\/em> average. <\/p>\n<\/div>\n<p> <script data-cfasync=\"false\" src=\"http:\/\/www.washingtonexaminer.com\/cdn-cgi\/scripts\/5c5dd728\/cloudflare-static\/email-decode.min.js\"><\/script><script>!function(){var g=window;g.googletag=g.googletag||{},g.googletag.cmd=g.googletag.cmd||[],g.googletag.cmd.push(function(){g.googletag.pubads().setTargeting(\"has-featured-video\",\"true\")})}();<\/script><script>var _bp=_bp||[];_bp.push({\"div\":\"Brid_1907838\",\"obj\":{\"id\":\"27789\",\"width\":\"1280\",\"height\":\"720\",\"stickyDirection\":\"below\",\"video\":\"1907838\"}});<\/script><script defer src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Biden aims to shape his economic legacy in a final speech<\/p>\n","protected":false},"author":2635,"featured_media":2378291,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/12\/Bidenomics.webp","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[3620,12626,46471,4554,32076],"class_list":["post-2378290","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-biden","tag-bidenomics","tag-economic-legacy","tag-speech","tag-washington-examiner"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/12\/Bidenomics.webp","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2378290","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\/2635"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2378290"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2378290\/revisions"}],"predecessor-version":[{"id":2378294,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2378290\/revisions\/2378294"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2378291"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2378290"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2378290"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2378290"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}