In Chicago visit, Biden heaps praise on Pritzker, touts economic recovery ahead of 2024

President hypes ‘Bidenomics,’ reclaiming term coined by critics

By Hannah Meisel, Capitol News Illinois

Introduction

President Joe Biden recently visited Chicago to deliver a speech on “Bidenomics” and highlight the economic recovery. During his visit, he expressed his gratitude to Governor JB Pritzker for his support in winning the White House in 2020.

Bidenomics: A New Framework

In Chicago’s Old Post Office, President Biden introduced the term “Bidenomics” as a counter to the supply-side economic theory known as “Reaganomics.” He emphasized that trickle-down economics has failed the middle class and shared his vision for a new economic framework.

Biden’s economic recovery plans, including the American Rescue Plan Act, the Bipartisan Infrastructure Law, the CHIPS and Science Act, and the Inflation Reduction Act, have been instrumental in rebuilding the economy after the COVID-19 pandemic.

Pritzker’s Role in Economic Recovery

President Biden praised Governor JB Pritzker for his support during the 2020 election and highlighted Illinois’ complementary laws that align with his economic goals. Pritzker’s efforts in investing federal funds in infrastructure and renewable energy projects have contributed to job creation and clean energy production.

Investing in the Future

President Biden reiterated his commitment to affordable childcare, universal pre-K, and free community college education. These initiatives not only benefit families but also create opportunities for parents to join the workforce.

Support for Progressive Policies

During a private fundraiser, President Biden expressed his support for codifying Roe v. Wade into federal law and Illinois’ ban on assault weapons. These policy positions align with the values of Illinois Democrats and their efforts to protect reproductive rights and promote gun control.

Conclusion

President Biden’s visit to Chicago showcased his commitment to economic recovery and collaboration with Governor JB Pritzker. By introducing the concept of “Bidenomics” and emphasizing his administration’s accomplishments, he presented a vision for a brighter future.

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