President Biden met with small businesses in and around the Philadelphia suburb of Allentown on Friday, as the White House touted a “Bidennomics” agenda to strengthen economic performance and the region experience an “economic recovery.” He said he is doing so.
Biden's pitch on Friday was more focused on small businesses than former President Donald Trump, the billionaire, real estate mogul and reality TV host who was elected president in 2016 on the premise that he knew how to grow the economy. It was said that it was advantageous for them.
“My name is Joe Biden. I work for the Senate,” he said. Biden ordered something like a mango smoothie.
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President Joe Biden visits and addresses firefighters at the Allentown Fire Training Academy in Allentown, Pennsylvania. Pennsylvania Democratic Sen. Bob Casey, left, looks on. Earlier in the day, Biden stopped by three stores in Pennsylvania to emphasize the value of small businesses and talk about his own economic performance. (AP Photo/Evan Vucci)
Later, during a stop at a firefighter training center in Allentown, Mr. He said he was starting to feel it.
“Before you know it, they feel a lot better about the economy,” Biden said in response to a reporter's question. “What we don't do is let people know exactly who made the changes. … Everyone is improving and they believe it. They know it. And… It’s just starting to sink in.”
The president has repeatedly boasted about the economy amid rising inflation and interest rates, which are a hurdle for many potential first-time homebuyers.
Under the Biden administration, Allentown's unemployment rate remains at 3.9%, its lowest level in 20 years, according to numbers provided to Fox News Digital by the White House. In addition, the region added 32,000 jobs and new business applications increased by more than 30% in 2022.
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But the economic recovery touted by the White House stands in stark contrast to recent announcements of layoffs at some of the nation's most influential institutions in the banking, technology and business sectors. Citigroup plans to lay off 20,000 employees over the next two years, Chief Financial Officer Mark Mason said Friday.
Hundreds of employees work Google Hundreds more people working in the voice assistant division and the augmented reality hardware team will also be laid off. Amazon plans to lay off hundreds of employees at its Prime Video, MGM Studios and Twitch divisions by the end of this week.
Mr. Trump and a number of Republican presidential candidates have shattered Mr. Biden's record on the economy. Nikki Haley said in a statement to FOX News Digital that many Americans are still feeling the pinch from the rising costs of everyday items.
“Biden can say all day long that the economy is great, but we all know that's not true when you go to the grocery store or gas station or pay your mortgage or insurance,” Haley said. Told. “Biden's runaway spending is hurting American families. We need to stop borrowing, end debt, and cut back on credit cards. But first, we need to remove Joe Biden from the White House. It must be done.”
Fox News Digital has reached out to other Republican presidential candidates for comment.
continue, November employment statistics Announced in early December, Biden boasted that his administration had created “more than 14 million jobs.”
In a Fox News poll released last month, only 14% said Biden's economic policies had helped them.
President Joe Biden's motorcade heads to the Allentown Fire Training Academy in Allentown, Pennsylvania, Friday, January 12, 2024. (AP Photo/Evan Vucci) (AP)
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Earlier this month, White House press secretary Karine Jean-Pierre said Americans should donate. Biden's economic policy Because voters are dissatisfied with the president, it will take more time for it to be effective.
“We understand that. So it's going to take a little while for people to realize what 'Bidenomics' has brought us,” she told MSNBC host Willie Geist. . That's not what I'm saying. That’s what economists say, right? It will take some time. But that doesn't mean the president doesn't intend to keep his job. ”
Hanna Panreck and Dana Blanton of The Associated Press and Fox News Digital contributed to this report.
