Biden Hits Trump : The Economy was in Collapse Lack of Effective Leadership under Trump

 

President Biden Addresses Concerns About Inflation and Economic Challenges

The Question: Voter Concerns Over Rising Costs

During a recent press conference, President Joe Biden faced a pressing question regarding the current state of the economy. The question highlighted the continuing rise in prices for essentials since he took office, with a notable example being a basket of groceries that now costs more than $120 compared to $100 previously. Additionally, typical home prices have surged by over 30%. Voters expressed feeling worse off under his presidency compared to the previous administration.

President Biden’s Response: Addressing the Economic Situation

President Biden began by reflecting on the state of the nation when he took office. He pointed out that he inherited an economy in freefall, exacerbated by a poorly handled pandemic. He criticized the previous administration's response to COVID-19, citing the high death toll and lack of serious measures. He mentioned the infamous suggestion to "inject a little bleach," which he used to underscore the lack of effective leadership.

"When I became president, the economy was in collapse. Unemployment had soared to 15%, and there were no jobs. We had to work on rebuilding from this critical state," President Biden explained.

Economic Recovery Efforts

President Biden highlighted the strides his administration has made in reviving the economy. "We created 15,000 new jobs and 800,000 new manufacturing jobs," he noted. However, he acknowledged that more work needs to be done, especially for working-class families who are still struggling with the high cost of living.

Understanding the Struggles of Working-Class Families

Drawing from his personal experience, President Biden shared, "I come from Scranton, Pennsylvania, from a household where the kitchen table discussions revolved around meeting monthly expenses. The prices of eggs, gas, housing, and other essentials are critical issues I am working hard to address."

Addressing Housing and Corporate Greed

To tackle the housing crisis, President Biden outlined his plan to build 2 million new housing units and implement measures to cap rents, preventing corporate greed from exacerbating the problem. "The combination of the situation I inherited and corporate greed is why we face these issues today," he asserted.

Comparing Administrations

President Biden did not shy away from contrasting his administration's efforts with those of his predecessor. He described the state of affairs left by the previous administration as "chaos" and emphasized the steps his administration has taken to stabilize the economy.

Lowering Prescription Drug Costs

One significant achievement President Biden highlighted was the reduction in prescription drug prices. "We have brought down the price of insulin from $400 to $15 per shot. Starting next year, no senior will pay more than $200 for all their medications combined," he announced. This measure aims to alleviate the financial burden on many Americans, particularly the elderly.

A Commitment to Continued Efforts

In conclusion, President Biden reassured voters that his administration remains committed to addressing the economic challenges facing the nation. "We are working to bring down prices around the kitchen table, and that is our ongoing mission," he affirmed.

With a focus on rebuilding the economy, controlling corporate greed, and reducing the cost of living, President Biden aims to create a more stable and prosperous future for all Americans.