Discover more from Hopium Chronicles By Simon Rosenberg
Biden Kicks Off Big Campaign To Sell His Economic Agenda and Accomplishments
Saddle up info warriors, need to help POTUS make his case this summer
This morning the White House released a memo announcing a new, stepped-up campaign to sell what they are calling “Bidenomics:”
On Wednesday, President Biden will deliver a major speech in Chicago to highlight how his strategy of growing the economy by growing the middle class is delivering for the American people. And in the weeks and months ahead, the President, members of his Cabinet, and senior Administration officials will continue fanning out across the country to take the case for Bidenomics and the President’s Investing in America agenda directly to the American people, and to call out those who want to drag our country backward by returning to the failed trickle-down policies of the past.
To kick off this sprint, President Biden today will announce over $40 billion in infrastructure funding to all 50 states, territories, and the District of Columbia to connect everyone in America to affordable, high-speed internet. Just like 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 investments, jobs, and opportunities directly to working and middle-class families across the country.
In a section called “Bidenomics is Working,” the White House writes:
The President’s economic strategy has powered the strongest recovery of any major economy in the world. Among leading economies, the United States has had the highest economic growth since the pandemic and currently has the lowest level of inflation. This progress wasn’t inevitable or an accident—it has been a direct result of Bidenomics.
Under Bidenomics, our economy has recovered more quickly than most experts thought possible. The nonpartisan Congressional Budget Office projected in early 2021 that it would take until 2026 for unemployment to drop back below 4%. Instead, thanks to the President’s plan to provide direct support to working-class Americans, the unemployment rate fell below 4% in 2021—five years ahead of what was estimated—and it has stayed there for the longest period in more than 50 years.
The economy has added more than 13 million jobs since the President took office—including nearly 800,000 manufacturing jobs. This historic recovery is delivering for those who have often been left behind in previous recoveries: the unemployment rates for African Americans, Hispanic Americans, and people with disabilities have reached record lows—and the share of working-age women in the workforce is the highest it’s been in 70 years.
Bidenomics has not just created a record number of jobs—it has created good jobs. A recent survey found that job satisfaction is at its highest level in 36 years, as employers are offering better pay, better benefits, and better schedules to attract and retain workers. The prospect of good jobs is pulling people off the sidelines and into the workforce: the share of working-age Americans in the workforce.
As members of this community know it’s my belief that winning the big economic argument with Republicans is our highest narrative/message priority this year. The White House is going into overdrive now to sell the President’s economic agenda and achievements. Members of this community have been preparing for this moment, as many of you have already started taking the data and arguments we’ve been discussing here and have been spreading them through your networks. It has been so wonderful to see.
But with this new campaign from the White House, it’s time for us to really focus now on amplifying these narratives and arguments, and help as many people as possible realize that
Joe Biden has been a good President
The country is better off
His economic plan is working
The Democratic Party is strong
It’s show time everyone! To muscle up and help the President make his case, I’m sharing some of our recent work on the success of the Biden economy, and how, more broadly, with Democrats, things get better (data, links, graphs below):
7 times as many jobs as last 3 GOP Presidents COMBINED - 13.1m now
In last few months record lows in unemployment, uninsured, poverty rates
US has had the strongest economic recovery in G7
Inflation last month was 1.2% on an annualized basis - where we want it to be
GDP growth under Biden over 3%, 3x what it was under Trump
Last month’s 339,000 jobs = 3 years of job growth under Bushes and Trump
The deficit went up every year under Trump, has come down every year under Biden. New budget deal with Rs keeps it moving downward.
Wages and new business formation continue to come in at very elevated levels. The Black unemployment last month was the lowest ever recorded
The GDNow forecast from the Atlanta Fed has GDP growth coming in at 2% this quarter, meaning we are not headed toward recession
Job satisfaction is at an all-time high
Key Graphs (feel free to cut and paste)
Let’s be loud and proud people! The last 3 Democratic Presidents have brought growth, lower deficits, American progress. The last 3 Rs have brought recession, higher deficits, American decline. Let’s work together to help the President and the Democratic Party tell that story. It is the most one of the most important things we can do this year to make sure that we have the election we want to have next year.
Let’s saddle up and get to work fellow information warriors. We have a country to save, an important story to tell, and an election to win! - Simon