Biden Policies Target Inequality and See Early Signs of Success in Rural Areas

Adeyemo says reversing rise in inequality over last 4 decades is essential for economic growth
Biden policies have helped US economy weather COVID & Ukraine war better than other advanced economies
Investments targeting rural areas & communities of color aim to unlock potential where growth left behind
Data shows most IRA investments going to poorer counties with lower wages, education
Eliminating rural-urban unemployment gap, rising wages show investments starting to work

reuters.com

Relevant topic timeline:

8/24/2023

Bidenomics falls flat for rural Americans

Despite signs of declining U.S. inflation, a majority of Americans, particularly those living in rural areas, are experiencing higher grocery prices under President Biden's economic policy, known as Bidenomics. Concerns about inflation and reliance on partisan news contribute to the perception of economic challenges, despite reports of a strong U.S. economy.

8/25/2023

We're in an 'incredible economic moment' with disinflation amid tight labor market, says CEA Chair

Economists discuss the state of the U.S. economy, effects of Bidenomics, inflation outlook, and more.

8/31/2023

Inflation is rising again, and Bidenomics is still to blame

President Biden's new spending initiatives, including the "Inflation Reduction Act," are likely contributing to an increase in inflation, counteracting his claims that inflation is under control and negatively impacting the financial situation of average Americans.

9/7/2023

Biden is spending to stave off a recession — until after the...

Despite positive economic growth and low unemployment rates, several major indicators suggest that the American economy under President Joe Biden is heading towards a recession, with high government deficit numbers indicating possible overspending to prevent a recession before the 2024 election.

9/11/2023

White House Accused of Planning to Manipulate Oil Prices Ahead of 2024 Election

The Biden administration may artificially depress inflation by using taxpayer money to manipulate the global oil market and replenish the Strategic Petroleum Reserve, in an attempt to lower gas prices and improve the president's chances of re-election.

9/19/2023

Median Household Income Drops $7K Since 2019; Families Lose Ground Despite Stimulus Checks

The Biden administration's economic policies, known as "Bidenomics," have led to inflation and a decrease in median household income, causing American families to lose ground economically. The media's focus on the poverty rate ignores the negative impact of government welfare programs and inflation on Americans' financial well-being.

10/6/2023

Biden to Speak on Strong September Jobs Report Showing 336,000 Jobs Added and 3.8% Unemployment

President Joe Biden is set to address the positive growth in the economy shown in the September jobs report, with nonfarm payrolls increasing by 336,000 and the unemployment rate at 3.8%.

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Posted 9/11/2023, 2:10:00 PM