President Joe Biden sought to revitalize support for his reelection among middle-class voters before a Chicago audience, branding his efforts at economic growth, job creation and fighting inflation as “Bidenomics” to counter lagging job approval ratings.
President Joe Biden talks about his economic policies at the Old Post Office in Chicago on June 28, 2023.
an economy in recent years that it says is driven from the bottom up through government investment and contrasting it to tax cuts for the wealthy and the trickle-down philosophy of “Reaganomics” launched by Republican Ronald Reagan in the 1980s.“Today, the U.S. has had the highest economic growth among the world’s leading economies since the pandemic. We’ve added over 13 million jobs, more jobs in two years than any president has added in a four-year term. And folks, that’s no accident.
It was Biden’s first trip to Chicago since announcing in April that he had selected the city to host the Democratic National Convention in August 2024 for his renomination for president. It will be the first time Democrats will bring their every-four-year nominating assembly to the city since President Bill Clinton’s renomination in 1996.
Before he left Washington for Chicago, Biden contended it was the media that branded the term “Bidenomics” and not the White House — even though his own economic advisers promoted the term for days andoffered a description of the strategy with the statement, “This is Bidenomics, folks.” trips with fundraising. After his speech, he was scheduled to attend a fundraiser at the J.W. Marriott in the West Loop and planned to visit fundraising events in New York on Thursday with the close of the second quarter campaign finance period occurring Friday.
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