US economic policy / The 2024 US election

Biden in Chicago on Wednesday. Evan Vucci/AP  

 

US economic policy  

"Bidenomics is about the American dream"  

 

President Joe Biden wants to restore the American dream. He claimed that in his fiscal line speech in Chicago ahead of next year's election, several media outlets write. His "Bidenomics" includes, among other things, hundreds of billions of dollars in infrastructure investments made during his presidency. 

 

- "Bidenomics" is about the future. It's just another way to restore the American dream, Biden said. The speech was clearly aimed at the middle and working class that Donald Trump won over from the Democrats in 2016. 

 

Business tax breaks that would have made wealth "trickle down" to the middle class failed, Biden said of Republican policy.  

 

- During the trickle-down economy, it didn't matter where you made things as long as you helped the companies on the bottom line, Biden said. 

 

Biden in Chicago on Wednesday. Evan Vucci/AP 

 

US economic policy 

Survey: Only one in three support Biden's fiscal policies  

 

President Biden claimed in tonight's speech that the United States is flourishing with his "Bidenomics", but a recent opinion poll shows that it may be difficult for him to sell the economy as an argument in the election campaign, AP writes.  

 

Just 34 percent give the thumbs up to Biden's economic policies, compared to 41 percent who support him in general, according to the poll.  

 

Focusing on the economy in the election campaign is seen from several quarters as a high stakes bid by Biden in view of the uncertain economic situation, notes TT.

 

Kevin McCarthy. J. Scott Applewhite / AP  

 

The 2024 US election  

The speaker hesitates about Trump - arouses anger in the party  

 

US Republican Speaker Kevin McCarthy has sparked anger among Donald Trump's supporters after questioning whether he is the party's most suitable candidate in the 2024 presidential election, writes Politico. 

 

After long avoiding commenting on the issue, McCarthy was interviewed by CNBC on Tuesday. There he said he thinks Trump can win against Biden, but then added: 

 

- The question is: is he the strongest (candidate) to win the election? I don't know the answer to that. 

 

It sparked such anger within the party and among Trump supporters that McCarthy immediately began minimizing the damage. According to the New York Times, he called Trump to apologize, and then gave an interview to the far-right Breitbart in which he accuses the media of taking his quote out of context. 

 

However, it should not have helped, but rather angered the Trump camp more, writes Politico.