US President Joe Biden speaking in Chicago, Illinois, June 28, 2023 (Wall Street Journal)
On Wednesday, US President Joe Biden — campaigning for a second term — set out “Bidenomics”, the approach to “grow the economy from the middle out and the bottom up instead of just the top down”.
I joined Monocle 24’s Emma Nelson on Thursday to evaluate the Biden Administration’s economic record. I set out the contrast because the actual position of the US — declining inflation, creation of 30 million jobs, growth of 2% to 2.5% in GDP, and stability in contrast to the chaos of the Trump years — versus the “white noise” and polarization setting aside the facts and feeding pessimism.
Listen from 17:32:
In the polarized US media environment, Joe Biden or any other President could walk on water like the Good Lord Jesus and would not receive credit for it.
We consider the global impact of Bidenomics and how to turn concerns of a win-lose situation to win-win cooperation.
And we discuss the issue of Biden’s age:
Have Biden and his Adminstration been competent? Have they delivered on the economy, infrastructure, climate change, health care? Have they engaged on women’s rights as the Supreme Court and others have tried to roll them back? Have they engaged on gun control?
If the answers are Yes, I’m not as concerned whether Joe Biden is 82, 62, or 42. I’m concerned whether he and the Administration have gotten the job done so far and whether they can do so for another four years.