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.
