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Search resuls for: "MAGAnomics"


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Throughout his 2024 bid, Mr. Trump has portrayed the United States under the Biden administration as a nation in steep decline. First, he will conjure a dark vision of what he sees as the future under Mr. Biden. Mr. Biden has frequently argued that he has been a better steward of the economy than Mr. Trump, whom he portrays as having undercut working-class Americans. Under Mr. Biden, the economy grew 3.1 percent from the end of 2022 to the end of 2023. But Mr. Trump has backed off those promises in the face of polls showing that non-Republican voters are concerned that he poses a threat to democracy.
Persons: Donald J, Biden, Trump, ” Mr, Bidenomics, MAGAnomics, Trump’s, Mr, Nikki Haley, , Organizations: Republican, Trump, Conservative Political, Conference, The New York Times, Mr, Justice Department Locations: South Carolina, Washington, United States, CPAC
The White House took aim at former President Donald Trump after the Republican presidential candidate front-runner said he hoped the economy would crash this year rather than during his theoretical second term. Economists have forecast economic slowing in 2024, but consensus has not gone so far as to cry recession. The White House used Trump's comment as an opportunity to tout Biden's economic wins and to draw contrasts with the previous administration. Trump has taken advantage of Biden's struggling economic narrative on the campaign trail, reminiscing on what he claims was a golden economy under his administration. Under Trump, the economy expanded for several years but the stock market ultimately came crashing down in 2020 at the advent of the pandemic while Trump was still in office.
Persons: Joe Biden, Donald Trump, Andrew Bates, Trump, Herbert Hoover, Hoover's, Biden, Bates Organizations: Flex LTD, White, Republican, Lindell, Dow Jones Industrial, Trump Locations: U.S, West Columbia, South Carolina
Rarely do so many parts of a president’s political identity collide in one place. Friday’s walkout by the United Auto Workers is a real-time test of President Biden’s economic agenda: his call for higher wages for the middle class; his unapologetic pro-union stand; his climate-driven push to reimagine an electric vehicle future for car companies — centered in Michigan, a state that he must win in 2024 to remain in the Oval Office. The targeted strike by some members of the 150,000-member union is designed to disrupt one of America’s oldest industries at a time that Mr. Biden is sharpening the contrast between what rivals and allies call “Bidenomics” and a Republican plan that the president warns is a darker version of trickle-down economics that mostly benefits the rich. “Their plan — MAGAnomics — is more extreme than anything America has ever seen before,” Mr. Biden said on Thursday, just hours before the union voted to strike. At the White House, Mr. Biden’s aides believe the outcome of the battle between the car companies and its workers will underscore many of the president’s arguments about the need to reduce income inequality, the benefits of empowered employees, and the surge in profits for companies like the automakers that makes them able to afford higher salaries.
Persons: Biden’s, Biden, , ” Mr Organizations: United Auto Workers, Republican, White Locations: Michigan, America
Aides said that President Biden urged both sides of the dispute to stay at the negotiating table. Just before the strike vote, Mr. Biden called Shawn Fain, the president of the U.A.W. How Mr. Biden navigates the situation could have a significant impact on his hopes for re-election. Mr. Biden won the state over former President Donald J. Trump with just over 50 percent of the vote. “They talk about labor, but they don’t say ‘union.’ It’s ‘union.’ I’m one of the — I’m proud to say ‘union.’ I’m proud to be the most pro-union president.”
Persons: Biden, Biden’s, , ” Mr, “ You’ve, , Eddie Vale, You’ve, Vale, Shawn Fain, Donald J, ’ ”, ’ It’s, Organizations: United Auto Workers, Republican, White, Democratic, AFL, CNN, Trump, Labor Locations: Michigan, America, United States, Philadelphia
U.S. President Joe Biden speaks about the August U.S. jobs and employment report numbers in the Rose Garden of the White House in Washington, September 1, 2023. White House Press Secretary Karine Jean-Pierre on Wednesday criticized congressional Republicans for not reaching an agreement. House Republicans in the spring refused to lift the debt ceiling without cost cutting concessions. "House Republicans have understandably been reluctant to tout the MAGAnomics budget — but the White House is going to spend much of this fall doing it for them," Dunn wrote. "[Biden] will use today's speech to hold House Republicans accountable for the full MAGAnomics agenda and contrast MAGAnomics with his economic vision."
Persons: Joe Biden, Karine Jean, Pierre, Jean, Pierre said, Biden, Kevin McCarthy, We've, Anita Dunn, McCarthy, Dunn Organizations: White, WASHINGTON, Democratic, Congress, House Press, Republicans, Caucus, Republican, Social Security Locations: Rose, Washington
President Biden challenged his Republican opponents on Thursday in their area of political strength, arguing that he has done a better job of managing the economy than former President Donald J. Trump did and accusing his predecessor’s congressional allies of undercutting working-class Americans. While Mr. Trump has long made his stewardship of the economy his most salient bragging point, Mr. Biden declared that his “Bidenomics” program had done more to help everyday Americans make a living than what he termed “MAGAnomics” ever did. He framed the argument in terms of the fall’s coming budget battles, but it also represented a preview of next year’s campaign. “They have a very different vision for America,” Mr. Biden said in a speech at Prince George’s Community College in Largo, Md., just outside the nation’s capital, where he held up a copy of budget plans by House Republicans. “Their plan, MAGAnomics, is more extreme than anything America has ever seen before.”Mr. Biden trained his criticism on Republicans who are threatening to shut down the federal government if their plans are not enacted.
Persons: Biden, Donald J, Trump, , , ” Mr Organizations: Republican, America, Prince George’s Community College, House Republicans, Social Security Locations: Largo , Md, America
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