AI
Friday, December 15, 2023 9:30:11 PM
The down bits in your graph i guess. 
Bidenomics Is Real Economics
President Biden Discusses Bidenomics During Visit To CO Wind Tower Manufacturer
People listen as US President Joe Biden speaks about Bidenomics at CS Wind on November 29, 2023 in Pueblo, Colorado. CS Wind,
the largest wind turbine tower manufacturer in the world, recently announced they were expanding operations as a direct result
of the Inflation Reduction Act. Michael Ciaglo-Getty
Ideas
By Nick Hanauer
December 8, 2023 7:00 AM EST
Hanauer is an entrepreneur, a venture capitalist, the founder of the public-policy incubator Civic
Ventures, and (with Joan Walsh and Donald Cohen) an author of the new book "Corporate Bullsh*t:
Exposing the Lies and Half-Truths That Protect Profit, Power, and Wealth in America."
When President Joe Biden first promised to “grow the economy from the bottom up and the middle out” through public investments, empowering workers, and promoting competition, critics scornfully derided his agenda as “Bidenomics.” And when the president defiantly embraced this epithet by making it the economic centerpiece of his reelection campaign, even some allies questioned the wisdom of stamping his name on an economic recovery that is as misunderstood as it is strong. Despite record-low unemployment, rising real wages, strong GDP growth, and a rapid fall in the inflation rate to below both global and historical averages, only 36 percent of Americans say they approve of Biden’s handling of the economy. Given such weak approval numbers, “Bidenomics” might at first appear to be an ill-advised slogan for a reelection campaign.
But to dismiss Bidenomics as mere sloganeering is to miss the point: The Biden Revolution is real, and running on Bidenomics is key, not just to winning reelection, but to winning the battle to establish a new consensus over how to manage and build our economy in the decades ahead.
[...]
It is impossible to overstate how consequential this disagreement is. The middle-out assertion that a thriving middle class is the cause of growth, not an effect, is a 180 degree reversal from the trickle-down consensus that dominated our politics and policy since the rise of Reaganomics in the early 1980s. The long term impact of this Biden revolution could be a generational shift in how we talk about, think about, and manage the economy. The immediate impact is an economic strategy that, for the first time in decades, is focused on directly growing, supporting, and enriching the American middle class rather than vainly waiting for prosperity to trickle down.
One can see this embrace of middle-out economics both in Biden’s words and in his policy agenda. The White House website describes Bidenomics as “centered around three key pillars”—public investments, empowering workers, and promoting competition—pillars that stand both in sharp contrast to the Reaganomics regime of tax cuts, wage suppression, and deregulation, and on a far stronger empirical foundation than the trickle-down alternative they seek to displace.
Good on you, Nick - https://time.com/6343967/bidenomics-is-real-economics/
Bidenomics Is Real Economics President Biden Discusses Bidenomics During Visit To CO Wind Tower Manufacturer
People listen as US President Joe Biden speaks about Bidenomics at CS Wind on November 29, 2023 in Pueblo, Colorado. CS Wind,
the largest wind turbine tower manufacturer in the world, recently announced they were expanding operations as a direct result
of the Inflation Reduction Act. Michael Ciaglo-Getty
Ideas
By Nick Hanauer
December 8, 2023 7:00 AM EST
Hanauer is an entrepreneur, a venture capitalist, the founder of the public-policy incubator Civic
Ventures, and (with Joan Walsh and Donald Cohen) an author of the new book "Corporate Bullsh*t:
Exposing the Lies and Half-Truths That Protect Profit, Power, and Wealth in America."
When President Joe Biden first promised to “grow the economy from the bottom up and the middle out” through public investments, empowering workers, and promoting competition, critics scornfully derided his agenda as “Bidenomics.” And when the president defiantly embraced this epithet by making it the economic centerpiece of his reelection campaign, even some allies questioned the wisdom of stamping his name on an economic recovery that is as misunderstood as it is strong. Despite record-low unemployment, rising real wages, strong GDP growth, and a rapid fall in the inflation rate to below both global and historical averages, only 36 percent of Americans say they approve of Biden’s handling of the economy. Given such weak approval numbers, “Bidenomics” might at first appear to be an ill-advised slogan for a reelection campaign.
But to dismiss Bidenomics as mere sloganeering is to miss the point: The Biden Revolution is real, and running on Bidenomics is key, not just to winning reelection, but to winning the battle to establish a new consensus over how to manage and build our economy in the decades ahead.
[...]
It is impossible to overstate how consequential this disagreement is. The middle-out assertion that a thriving middle class is the cause of growth, not an effect, is a 180 degree reversal from the trickle-down consensus that dominated our politics and policy since the rise of Reaganomics in the early 1980s. The long term impact of this Biden revolution could be a generational shift in how we talk about, think about, and manage the economy. The immediate impact is an economic strategy that, for the first time in decades, is focused on directly growing, supporting, and enriching the American middle class rather than vainly waiting for prosperity to trickle down.
One can see this embrace of middle-out economics both in Biden’s words and in his policy agenda. The White House website describes Bidenomics as “centered around three key pillars”—public investments, empowering workers, and promoting competition—pillars that stand both in sharp contrast to the Reaganomics regime of tax cuts, wage suppression, and deregulation, and on a far stronger empirical foundation than the trickle-down alternative they seek to displace.
Good on you, Nick - https://time.com/6343967/bidenomics-is-real-economics/
It was Plato who said, “He, O men, is the wisest, who like Socrates, knows that his wisdom is in truth worth nothing”
Discover What Traders Are Watching
Explore small cap ideas before they hit the headlines.
