Sign In  |  Register  |  About Mill Valley  |  Contact Us

Mill Valley, CA
September 01, 2020 1:29pm
7-Day Forecast | Traffic
  • Search Hotels in Mill Valley

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

Karine Jean-Pierre says Biden admin rebuilding economy with ‘equity at the center’

White House press secretary Karine Jean-Pierre said Monday that the Biden administration's economic policies were putting "equity at the center."

White House press secretary Karine Jean-Pierre argued that President Biden’s policies are overhauling the U.S. economy by putting "equity at the center." 

The comments came during an exchange with a reporter who asked whether Biden’s economic policies, or "Bidenomics," should be viewed as the opposite of "Reaganomics," a catch-all term to describe President Reagan’s policies of low taxation and cutting spending during the 1980s. 

Jean-Pierre argued that "trickle-down economics" – a pejorative used for Reaganomics – "has not worked." 

"Building an economy from the middle out and the bottom up, that’s what we want to do," Jean-Pierre said, pointing to key legislation that she says has encouraged investment in the United States. 

President Biden, Jean-Pierre said, was "transforming how an economy should look like for the better so that we do not leave anybody behind."

LARRY KUDLOW: BIDEN CAN'T GET HIS STORY STRAIGHT

When the reporter noted Reagan’s enduring popularity among some historians, Jean-Pierre reiterated the administration’s belief that "trickle-down economics does not work." 

She argued that the legacy of trickle-down economics has been increased debt, outsourced jobs, increased debt, and hand-outs to special interests and big corporations.

But Biden’s economic agenda, she argued, was bringing back jobs to the United States, thanks to the Inflation Reduction Act – legislation which, despite its name, likely won’t reduce inflation, per certain studies. 

CLICK HERE TO GET THE FOX BUSINESS APP

"All of those things is building an economy, transforming the way we see the economy in a different way – in a way … that has equity at the center of it, that leaves no one behind," Jean-Pierre said.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 MillValley.com & California Media Partners, LLC. All rights reserved.