President Joe Biden is unveiling his “Bidenomics” pitch to voters in an effort to bolster his chances of re-election next year. Facing economic challenges such as inflation and supply chain issues, Biden has struggled to convince Americans that he is effectively managing the economy. With a rebranding launch centered around a speech in Chicago, the White House hopes to change public perception. “Bidenomics” is a deliberate rejection of Reaganomics and emphasizes growing the middle class as a means to stimulate the economy. Biden’s argument is that his government spending programs will lead to long-term growth and benefit the less wealthy. However, polls suggest that voters have yet to give him credit for the positive aspects of the economy.
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