President Joe Biden is gearing up to focus on the economy as he and his campaign team prepare for a soft launch of his 2024 reelection bid in the coming weeks, according to sources close to him. The news comes after an encouraging economic report this week that showed job growth even while inflation cooled down. This has given Biden’s administration more confidence that they can make a case for their policies leading into the next election cycle.
The White House will be emphasizing how far we have come since President Biden took office and highlighting what he plans to do moving forward with regards to jobs, wages, taxes, infrastructure investment and other issues related to economic growth. They are also expected use data from recent reports showing consumer spending increasing at its fastest rate since 1984 as proof of their success so far in stimulating the economy through fiscal policy measures such as stimulus payments and tax credits among others.
Biden’s team will likely compare these accomplishments against those made during former President Donald Trump’s term which saw record levels of unemployment due largely in part by pandemic-induced shutdowns last year before rebounding towards pre-pandemic numbers under current leadership.. With an eye on November 2024 when Americans go back out again decide who should lead the country, it’s important for Biden’s administration to demonstrate the impact of their policies on the economy and American people.
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