Discover more from Hopium Chronicles By Simon Rosenberg
Some Notes on the Biden Economic Speech, Winning the Big Economic Argument This Year
Joe Biden has been a good President. The country is better off. And we are making investments that will drive growth for decades to come. Loud and proud people!
Friends, here we are. The big economic debate we’ve been preparing for has begun in earnest. The President’s new articulation of his economic strategy has three core planks:
Making smart public investments in America
Empowering and educating workers to grow the middle class
Promoting competition to lower costs and help entrepreneurs and small businesses thrive
Get to know this framework. It is the core of the President’s big, emerging argument.
Some additional resources for you:
White House Bidenomics Fact Sheet - simple, helpful stuff
It’s time for a big rethink on how we poll and talk about the economy - some thoughts on why it appears people are so down when things are going so well
With Democrats Things Get Better - my big presentation on the US economy since the Cold War ended and a new era of globalization began
My latest set of topline points on the success of the Biden economic plan:
strong job growth, GDP growth 2%, no recession on horizon
strongest recovery in G7
during Biden Presidency lowest peacetime unemployment rate since WWII, lowest uninsured and poverty rates in US history
GDP growth under Biden over 3%, 3x what it was under Trump
inflation down to 1.2% annualized (big deal!!!!)
deficit way down, wages still very strong
new business starts remain at very elevated levels, worker satisfaction at an all time high
Biden investments starting to kick in, drive growth
We are once again a world leader in efforts to combat climate change
Dow up 23% since Election Day 2020
Biden’s economic plan is working. The country is better off. And we are making investments that will drive growth for decades to come. Loud and proud people!
Watch this video of Fareed Zakaria talking about the success of the US economy:
And why do I believe that getting our economic story out there is the highest narrative priority for Democrats this year? Look at this new graph from the Navigator team, below. It shows that even though the last 3 GOP Presidents brought recessions, higher deficits and American decline, and the last 3 Dem Presidents have brought strong growth, lower deficits and American progress, the Republicans are still trusted more on the economy. We need to change that, this year, together, fellow info warriors. The facts and data are with us, we just need to do our part now in helping the President make this important case to the American people this year. To me, other than launching a national youth voter registration drive, there is no more important work we can do this year to make the election the election we want next year.
Loud and proud people. Joe Biden has been a good President. The country is better off. The Democratic Party is strong. Let’s go sell our successes, hard, together - Simon