Move over, Reaganomics. President Joe Biden is attempting to usher in the era of “Bidenomics”
This economic theory – which rejects the idea of “trickle-down” policies in favor of focusing on the middle class – will be a centerpiece of Biden’s 2024 reelection campaign. The president will highlight the achievements he’s attributing to Bidenomics in a major speech in Chicago on Wednesday.
This surge is not happening in other advanced economies, it notes. Also, earlier this week, Biden outlined how states will receive more than $42 billion in federal funding for high-speed internet service, which was part of the 2021 infrastructure law. It is aimed at bringing connectivity to more Americans and closing the digital divide. The administration is comparing it to President Franklin Delano Roosevelt’s Rural Electrification Act, which brought electricity to homes throughout the country.
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