Biden Economics Update

Today the Democrats’ economic program got another boost with the news that the economy grew faster in the third quarter than previously reported, coming in at a blistering 5.2%, and that a record 200.4 million shoppers visited stores and websites on the five days after Thanksgiving, the traditional start of the holiday shopping period. That number reflects people’s confidence in their own finances, but also that the economy appears to be cooling and there are therefore bargains to be had.

A new analysis by the Treasury Department shows that the Inflation Reduction Act, which puts money into climate change technologies, is delivering investment to communities that have benefited least from the economic growth of the past few decades. Today, President Joe Biden presented his case for his economic policy directly to one such community in the Colorado district of MAGA Republican mouthpiece Representative Lauren Boebert.

Biden visited CS Wind, the largest wind tower manufacturer in the world, which is expanding its operations in Pueblo, Colorado, thanks to the IRA. Boebert voted against the IRA, calling it “dangerous for America” and saying it was her “easiest no vote yet.” But the new $200 million expansion will create 850 new jobs, and CS Wind has already hired 500 new employees. And a solar project in the district will bring both power and as many as 250 jobs.

The White House listed the many projects underway in the district thanks to the Bipartisan Infrastructure Law, including nearly $30.2 million to redesign and revitalize streets and $160 million for a 103-mile pipeline that will bring clean water from Pueblo to 50,000 people in southeastern Colorado. Boebert called the law “garbage” and “wasteful” and said it was “punishment for rural America.”

“President Biden made a commitment to be a President for all Americans, regardless of political party, and he’s kept that promise,” the White House said. “The Biden-Harris Administration will continue to deliver for workers and families in Colorado’s third congressional district and across the country—even if self-described MAGA Republicans like Representative Boebert put politics ahead of jobs and opportunities created by Bidenomics.“

Biden was even blunter. After listing the benefits the new laws have brought to Boebert’s district, he said: “She, along with every single Republican colleague, voted against the law that made these investments in jobs possible…. And then she voted to repeal key parts of this law, and she called this law a massive failure. You all know you’re part of a massive failure? Tell that to the 850 Coloradans who got new jobs.… It all sounds like a massive failure in thinking by the congresswoman and her colleagues.”

Heather Cox Richardson
Notes:
https://apnews.com/article/israel-hamas-war-news-11-29-2023-57e73a26c647ecd97e77afe19c08e077

https://www.cnn.com/middleeast/live-news/israel-hamas-war-gaza-news-11-29-23/index.html

https://www.nytimes.com/2023/11/29/world/middleeast/netanyahu-cease-fire-politics.html

https://www.timesofisrael.com/ben-gvir-threatens-to-tear-down-government-if-war-not-resumed/

https://www.politico.eu/article/nato-vows-to-stick-with-ukraine-as-long-as-it-takes/

https://www.nato.int/cps/en/natohq/official_texts_220818.htm

@phranny said
Today the Democrats’ economic program got another boost with the news that the economy grew faster in the third quarter than previously reported, coming in at a blistering 5.2%, and that a record 200.4 million shoppers visited stores and websites on the five days after Thanksgiving, the traditional start of the holiday shopping period. That number reflects people’s confidence ...[text shortened]... ck-with-ukraine-as-long-as-it-takes/

https://www.nato.int/cps/en/natohq/official_texts_220818.htm

@averagejoe1 said
Phranny for your information, just so we are all on the same page, Biden use the word Bidenomics 101 times from June through October. During the month of November, he never said the word again. Maybe you can tell us what is going on with that. Please respond like an adult. Thank you.

@phranny said
Today the Democrats’ economic program got another boost with the news that the economy grew faster in the third quarter than previously reported, coming in at a blistering 5.2%, and that a record 200.4 million shoppers visited stores and websites on the five days after Thanksgiving, the traditional start of the holiday shopping period. That number reflects people’s confidence ...[text shortened]... ck-with-ukraine-as-long-as-it-takes/

https://www.nato.int/cps/en/natohq/official_texts_220818.htm

@mchill said
Biden use the word Bidenomics 101 times from June through October.

That's almost as many times as our former President telling us Mexico was going to pay for that border wall. 😏

@averagejoe1 said
Phranny for your information, just so we are all on the same page, Biden use the word Bidenomics 101 times from June through October. During the month of November, he never said the word again. Maybe you can tell us what is going on with that. Please respond like an adult. Thank you.

With all due respect, to the OP, the data is correct, however, people vote on 'perceptions', not necessarily - reality.

"With overall consumer sentiment at a low ebb despite solid economic data, even Democrats who supported Mr. Biden in 2020 say they’re not impressed with the economy."

https://www.nytimes.com/2023/11/28/business/economy/democrats-biden-economy.html

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I chose the NYT to show the best side of the opinion on economy by democrats. It can get worse.
The economy has been a sore spot for a long time. One good quarter will not erase that in any hurry