Biden: we must “invest in all Americans”
The White House released a statement by President Joe Biden regarding the March report of the U.S. Department of Labor on employment in the U.S. economy.
According to the report, U.S. employers hired far more workers than expected in March and continued to raise wages steadily. This suggests that the economy finished the first quarter steadily.
“Today’s report marks a milestone in America’s comeback. Three years ago, I inherited an economy on the brink of a precipice. With today’s report of 303,000 new jobs in March, we have passed the milestone of 15 million jobs created since I took office,” the statement points out.
As the president notes, his economic plan is to “invest in all Americans and give the middle class a level playing field.”
“Unemployment is below 4 percent for the longest period in more than 50 years. Wages are rising. Inflation is down significantly,” the White House statement asserted.
The document also emphasizes that President Biden intends to push for lower prices for insulin and other prescription drugs.
“I will continue to oppose the efforts of Republicans in Congress to reduce spending on social security and medical programs Medicare and Medicaid, and to introduce large-scale tax breaks for the rich and large corporations,” the document states.
In turn, Republican lawmakers criticize the economic policy of Democratic President Joe Baden for the growth of the budget deficit and demand a significant reduction in government spending. Currently, the U.S. national debt has already exceeded 34 trillion dollars.
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