![]() Inflation has fallen for 11 straight months and has come down by more than half. America has seen the strongest growth since the pandemic of any leading economy in the world. ![]() There were more than 10 million applications for new small businesses filed in 20-the strongest two years on record. Our economy has added more than 13 million jobs-including nearly 800,000 manufacturing jobs-and we’ve unleashed a manufacturing and clean energy boom. While our work isn’t finished, Bidenomics is already delivering for the American people. That economy was saddled with longstanding challenges that held America back-including rising inequality and disinvestment from communities across the country. Even as they faced an immediate economic and public health crisis-with a raging pandemic, elevated unemployment, snarled supply chains, and hundreds of thousands of small businesses at risk of shuttering-the President and Vice President understood that it wouldn’t be enough to simply go back to the economy we had before the pandemic. President Biden and Vice President Harris came into office determined to rebuild our economy from the middle out and the bottom up, not the top down-and that strategy is working. Wednesday morning the White House released a statement claiming, “Bidenomics Is Working: The President’s Plan Grows the Economy from the Middle Out and Bottom Up-Not the Top Down” (excerpt): ![]() And Bidenomics is rooted in the belief that we grow the economy when we grow the middle class.” And today, she’s here to talk with you about Bidenomics, which is the word of the day, word of the week, word of the month, word of the year here at the White House. "But administration officials are betting that with the pandemic largely in the rear view mirror, people will soon begin to appreciate the positive effect they say the president’s policies are having on their own lives." Īt Tuesday’s press briefing, Principal Deputy White House Press Secretary Olivia Dalton introduced National Economic Council Director Lael Brainard to reporters saying, “Lael has been a tremendous asset to our team as we’ve navigated the past few months.
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