You gotta a rough one if ur going to actually ‘run’ on this….
The ‘economy’ sucks in the minds of most American’s….
And Biden may have beat Trump last time and would probably beat him again if actually would be the Republican nominee and ain’t a convicted felon…
But in actuality?
Joe Biden has little to no control over our problem of RISING Consumer cost’s…..
This is also a leadin to Budget and Spending battles coming against House Republicans….
President Biden is preparing to run for re-election with a relentless, aggressive focus on the economy — convinced the data cuts in his favor, even as vast swathes of the public remain skeptical that conditions have improved.
Why it matters: It’s a high-risk, high-reward strategy.
The gamble: If GDP holds steady and the record unemployment stays low, Biden plans to ride a healthy economy to a second term.
- But if the economy enters a deep recession before November 2024, the president will have spent precious political capital demanding credit when voters might be more inclined to hand out blame.
Driving the news: Biden, who hasn’t made a formal decision to run for re-election, will on Tuesday take his message of economic optimism to Virginia Beach, where he’ll also hammer Republicans for wanting to repeal his signature Inflation Reduction Act.
- His argument: Republicans plan to increase health care costs for millions of Americans.
- Next week, Biden’s 2024 budget will take center stage, and he’ll emphasize his plans to cut deficit spending by $2 trillion over 10 years.
- Biden will also continue to call on the House Republicans to unveil their own budget and specify what programs — if any — they want to cut.
What they’re saying: “We’re very proud of the 12 million jobs created since the president took office,” Bharat Ramamurti, the deputy director of the National Economic Council told Axios…
“My economic plan is working,” Biden said in a speech last week, peppering his remarks with more than a dozen references to the deficit. “It’s reducing the deficit. It’s fiscally responsible.”
The growing fixation on the deficit is notable for a White House that championed an expansive economic agenda, including trillions of dollars in emergency deficit spending that, it says, proved critical to fighting the pandemic and revitalizing the economy.
The rhetorical shift has quietly worried some progressive-minded Democrats who warn it could undermine the case for future crisis aid — or backfire on Biden himself if the U.S. sinks into a recession that results in greater government spending and fewer tax receipts, driving the deficit higher.
But Biden has leaned enthusiastically into the deficit focus, driven by what advisers described in large part as a political calculation aimed at bolstering his economic record, winning over middle-of-the-road voters, and bludgeoning the GOP over its own deficit-busting policies in the process.
“There’s a salience to this right now,” said one White House official. “The political argument over deficits and spending is about two competing visions.”
Part of what’s driving Biden to home in on the deficit are the coming showdowns with the GOP later this year over the debt ceiling and federal budget.
The president has accused the GOP of demanding spending cuts while backing policies that would add $3 trillion to the national debt. In particular, he’s singled out their plans to roll back taxes on the wealthy and prescription drug reforms projected to ease the deficit. And he’s challenged House Republicans to release their own detailed budget proposal….
Leave a Reply
You must be logged in to post a comment.