After decades of economic declinethat cut taxes for the wealthy, slashed public investment, offshored jobs and industries, destroyed unions, and gutted the social safety net, President Biden wrote.the new playbook that grows the economy from the middle to the bottom to the top . . .
. . .to deliver the strongest recovery in the worldand we are laying a solid foundation for the coming years:
- Investing our moneyinfrastructuremanufacturing, scientific development, and communities left behind after decades of neglect;
- Giving working families and the middle class an opportunity to move forward creativelygood jobs and wages to support the familyand supporting unions;
- Lowering costs and giving small businesses a fair chance to compete.
Four years agowe have made incredible progress:
- More than 16 million jobs have been created—the most in a single presidential term in American history—and job openings every month;
- The lowest unemployment rate of any administration in 50 years;
- A record 20 million new business applications;
- Duplication of union requests;
- Narrowest racial wealth gap in 20 years;
- More Americans have health insurance than ever before;
- Stock market at record high and 401(k)s up;
- More than $1 trillion in private sector investment announced in clean energy and advanced manufacturing in America;
- Reducing inflation while supporting a strong labor market—with inflation falling faster and lower than in any other advanced economy, andincome is about $4,000 more than prices.
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