US economy

Biden Outlines Economic Recovery in Wake of Coronavirus


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Biden Outlines Economic Recovery in Wake of Coronavirus

President Biden detailed the economic outlook for the country and his administration’s pathway toward recovery, with a focus on ensuring success for the middle class.

I believe we’re at an inflection point in this country. One of those moments where the decisions were about to make can change, literally change, the trajectory of our nation for years and possibly decades to come. Each inflection point in this nation’s history represents a fundamental choice. I believe that America at this moment is facing such a choice. Are we going to continue with an economy where the overwhelming share of the benefits go to big corporations and the very wealthy? Or are we going to take this moment, right now, to set this country on a new path? One that invests in this nation creates real, sustained economic growth and that benefits everyone, including working people and middle-class folks. That’s something we haven’t realized in this country for decades. Yes, the pandemic has caused a lot of economic problems in the country. But the fact is, our economy faced challenges long before this pandemic struck. Working people were struggling to make it long before the pandemic arrived. Big corporations and the very wealthy were doing very well before the pandemic. That’s why I’ve said starting back in my campaign for president, that it’s not enough to just build back. We have to build back better than before.

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