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Video: Yellen Defends Biden’s Economic Gains While Criticizing Trump
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Yellen Defends Biden’s Economic Gains While Criticizing Trump
Treasury Secretary Janet L. Yellen criticized the Trump administration’s economic policies, while praising the Biden administration for successfully navigating the pandemic.
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Put simply, it’s been the fairest recovery on record. 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. We started with infrastructure. Our country’s infrastructure has been deteriorating for decades. In the Trump administration, the idea of doing anything to fix it was a punch line. But this administration has delivered.
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