We see this in gains not only for middle-class Americans, but also across demographic groups, such as the rapid decline in unemployment rates for Black and Hispanic Americans. We started with an economic recovery that is remarkable for both its speed and fairness. The recovery is so strong and so widely shared because Bidenomics is not just about a post-pandemic rebound in demand. We have also focused on unsnarling supply chains and bringing more Americans into the labor force, which increases supply. Our aim is to make middle-class lives better for the short haul and for the long haul.

Source: New York Times January 25, 2024 22:45 UTC