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’s growing the economy from the middle out and the bottom up . . .
. . . delivering the strongest recovery in the world, and laying a strong foundation for years to come by:
Investing in our infrastructure, manufacturing, scientific development, and communities that have been left behind after decades of neglect;
Giving working families and the middle class the chance to get ahead by creating good jobs with family-sustaining wages and by supporting unions;
Lowering costs and giving smaller businesses a fair chance to compete.
Over the last four years, we have made remarkable progress:
Over 16 million jobs created—the most in a single presidential term in American history—with jobs created every single month;
The lowest average unemployment rate of any administration in 50 years;
A record 20 million new business applications;
A doubling of union petitions;
The smallest racial wealth gap in 20 years;
More Americans with health insurance than ever before;
The stock market at record highs and 401(k)s up;
More than $1 trillion in announced private sector investments in clean energy and advanced manufacturing in America;
Lowering inflation while supporting a strong labor market—with inflation down faster and lower than almost any other advanced economy, and incomes up almost $4,000 more than prices.
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