White House launches ‘Bidenomics’ to court voters on economy
President Joe Biden will announce a $40 billion plan on Monday to install high-speed internet across the country, a proposal the White House likens to Franklin Delano Roosevelt to power every American home.
The new plan, which Biden will unveil in the White House, comes as he pursues a second term in the White House. As part of his re-election campaign, he is pushing for “Bidenomics” – his economics for the nation.
Just as Franklin Delano Roosevelt delivered electricity to every home in America through his Rural Electrification Act, the announcement is part of President Biden’s broader effort to deliver investment, jobs and opportunity directly to working and middle-class families in the nationwide,” Biden advisers Anita Dunn and Mike Donilon wrote in a memo from the White House.
The comparison to FDR, the nation’s most progressive president who ushered in a wave of government-funded social programs to lift the country out of the Great Depressions, comes as polls show only about half of Democrats believe Biden is candidate for a second term.
President Biden often praises how he has created more jobs than any modern president, but his tenure began as the economy recovered from the COVID pandemic, which shut down much of the country.
The Bidenomics campaign also signals the move by the White House to refocus attention on the president’s legislative achievements and to address voters’ top concern – the economy – as 2024 approaches.
More than half – 54% – of Americans disapprove of the way Biden is handing over his job, while only 35% of respondents approve of his stewardship of the economy, according to a Reuters/Ipsos poll conducted earlier this month .
Those numbers are a bad sign for Biden and his fellow Democrats.
Monday’s announcement is part of Biden’s larger push for his economic plan dubbed “Bidenomics,” which is “rooted in the simple idea that we need to grow the economy from the center outwards and from the bottom up — not the top down,” Dunn said. and Donilon wrote.
The president’s economic proposal includes plans to raise taxes on the very wealthy and corporations to subsidize social, climate and health programs.
Biden sets out to push his agenda, traveling to Chicago on Wednesday to deliver a major economic speech. He has ramped up his fundraising and travel after announcing his re-election bid.
In his speech, he will continue his attack on ‘MAGA Republicans’. This time, he will “highlight how too long failed percolating economic policies still pushed by Congressional Republicans have eroded the middle class and sent jobs abroad,” the White House said.
Biden often praises how he has created more jobs than any modern president, but his tenure began as the economy recovered from the COVID pandemic, which closed much of the country, and the job market reopened after being closed for two years been.
The entire Biden administration will take on his economic message, fanning officials across the country.
“In the coming weeks and months, the president, members of his cabinet and senior government officials will continue to fan out across the country to take the cause for Bidenomics and the president’s Investing in America agenda directly to the American people,” Dunn and Donilon wrote.
President Biden will travel to Chicago on Wednesday to deliver a major economic speech
Biden’s comparison to Franklin Delano Roosevelt (above), the country’s most progressive president who ushered in a wave of government-funded social programs to lift the country out of the Great Depressions, comes as polls show that only about half of the Democrats think Biden should run for a second term
Meanwhile, the White House says Biden’s internet plan is the modern day equivalent of the Rural Electrification Act of 1936, when the federal government installed the power lines that lit the country.
White House Chief of Staff Jeff Zients said access to high-speed internet is just as important to everyday life as electricity.
“We all know how hard life is when the electricity goes out after a storm or for other reasons,” Zients said during a Friday call with reporters. “Especially for millions of Americans in rural communities, the internet is often down. Sometimes there isn’t even access.’
The money comes from the bipartisan infrastructure bill that Biden signed into law in 2021.
The amount each state and territory receives depends on the number of unserved locations in each jurisdiction.
Under the program’s rules, states must prioritize connecting predominantly unserved areas before strengthening service in underserved areas, or areas without access to high-speed internet, and community anchor institutions, such as schools and libraries.