IN-DEPTH: Biden Bets on Economy as Election Strategy
President Joe Biden took his economic message to Philadelphia, touting his administration’s progress in rebuilding the middle class by stimulating American manufacturing, upgrading infrastructure, and increasing wages. The stop was the latest in a string of appearances by Mr. Biden aimed at selling his economic record to voters in the run-up to the 2024 election.
The crux of Mr. Biden’s message is that his approach to stimulating economic growth benefits Americans across the economic spectrum while the corporate tax and federal spending cuts advocated by his opponents benefit only the wealthy.
Though the president claims his policies have reduced inflation and positioned the U.S. for long-term growth, that message has been a tough sell to many Americans who tend to judge the economy based on kitchen-table issues like interest rates and the price of gasoline….