DEFINITION: Meaning of Bidenomics finally explained

Meaning of Bidenomics finally explained. New Word Suggestion. the economic policies pursued by the US under Joe Biden.

There, he’s expected tout his “Investing in America” agenda and significant pieces of legislation passed in his first term.

“Now is the time where with all of those accomplishments, the president can take this message to the American people and say, this is what ‘Bidenomics’ is and here’s what we have to show for it,” White House principal deputy press secretary Olivia Dalton told reporters Tuesday.

“Let’s put our foot on the gas and keep moving forward instead of returning to these failed trickle-down policies that never seem to ever trickle down,” Dalton continued.

The White House is going all in on “Bidenomics” branding as the 2024 election cycle heats up.

President Joe Biden is taking his economic philosophy, which emphasizes building the economy from the middle out and bottom up, on the road with the first stop being in Chicago on Wednesday.

Key to the sales pitch, which will include a speech Wednesday by the president formally outlining his economic case, is defining what exactly Bidenomics is. Ahead of the address, White House aides described the term as a broad collection of policies aimed at using government muscle to revive and reshape the economy to help the middle class. They pointed to a range of efforts, including bolstering manufacturing investments, expanding high speed internet access and cracking down on industries that charge so-called junk fees.

It’s a fresh messaging push that marks the most aggressive attempt yet by Biden world to convince the public that the economy is, in fact, good. It’s also a major bet that the bottom won’t fall out, at least through November 2024.

“They’re going to wrap their arms fully around the economic strategy and economic results,” said Seth Harris, the former deputy director of Biden’s National Economic Council. “And I think their expectation is that there will not be a recession.”

The question of how strongly to tout the economy has vexed virtually every president running during a time of recovery. Boast too hard and voters may perceive you as out of touch. Stay too quiet and risk the perception of taking hold that times are bleak and getting bleaker.