Biden flaunts a growing economy through infrastructure and manufacturing inroads
Biden touted his legislative accomplishments during his State of the Union address by linking what he called a growing economy and successful jobs report to his agenda.
“Now we’re coming back because we came together to pass the bipartisan infrastructure law, the largest investment in infrastructure since President [Dwight] Eisenhower’s interstate highway system,” Biden said in his speech.
“Jobs are coming back, pride is coming back, because of the choices we made in the last two years. This is a blue-collar blueprint to rebuild America and make a real difference in your lives," he argued.
Biden said that he ran to be president so that he might “fundamentally change things” and make sure the economy works for everyone.
“For decades, the middle class was hollowed out,” Biden said, painting a picture of a thriving, manufacturing-focused America before jobs moved overseas and factories shut down.
“So, let’s look at the results. Unemployment rate at 3.4%, a 50-year low. Near record low unemployment for Black and Hispanic workers … We’ve already created 800,000 good-paying manufacturing jobs, the fastest growth in 40 years.”
Biden painted a rosy picture of historically high inflation, which has been slowing for months after becoming a major source of political and economic pain. But Biden attributed it to the impacts of COVID-19 and Russia's invasion of Ukraine.
“Inflation has been a global problem because of the pandemic that disrupted supply chains and Putin’s war that disrupted energy and food supplies,” he said. “We have more to do. But here at home, inflation is coming down.”