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

A Transcript of the President’s Bidenomics Speech

My roundup of our data, links and graphs

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

The Economist: Riding High - Lessons from America’s Astonishing Economic Record

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