speech on the economy. making a pitch to voters that the united states is heading in the right direction. he s embracing the term bidenomics, which is a play on reagan on mix. the president trying to claim credit for an economy where some indicators are trending in the right direction. although public optimism remains low. biden is aiming this message squarely at the middle class. bidenomics is about the future. bidenomics is another way of saying, restore the american dream. we invest in our people. we strengthen the middle class. we see the economy grow, and it benefits all americans. that s the american dream. 40 years of trickle down, -limited that dream. and for those except for those at the top. joining me now is jared bernstein, the chair of the white house council of economic advisers. jared, thank you for joining us. so i want to start with this.
different direction. here s the simple truth about trickle down economics, it didn t represent the best of american capitalism, let alone americans. it represented a moment we walked away and how many in this country from how this country was built, how this city was built. bidenomics is about the future. bidenomics is just another way of saying restore the american dream because it worked before. it s what we ve always worked best at in this country, investing in america, investing in americans, because when we invest in our people, we strengthen the middle class. we see the economy grow. that benefits all americans. that s the american dream. 40 years of trickle down limited that dream for those except for those at the top. too many for too long have seemingly suggested that it s only available if you have a four-year college degree. you can work at a tech center.
bidenomics is about the future. restore the american dream. because it worked before. it s rooted in what we have worked best at in this country, investing in america, investing in americans, because when we invest in our people we strengthen the middle class, we see the economy grow, benefits all americans. that s the american dream. 40 years of trickle down limited that dream for those, except for those at the top. too many for too long have simply suggested it s only available if you have a four-year college degree. you can work at a or work at a tech center. these new factories opening, fabs opening for semiconductors, without a college degree you make 120, $130,000 a degree working at those fab, 120,000 a
be he passed called the inflation reduction act. and it s really a broader economic vision focused on using public investments to spur private investments in the private sector. and he also framed it very much in opposition from start to finish in contrast to the trickle down economic policies espoused by runs on. bidenomics is about the future. bidenomics is another way of saying restore the american dream when we invest in our people, we strengthen the middle class, we see the economy grow. that benefits all americans. that s the american dream. 40 years of trickle down limited that dream, except form those at the top. but really, wolf, bidenomics is really a messaging vehicle for the president to confront what is perhaps his most persistent political challenge, and that is to convince that this economy that the president
going to make a break and move away from an economy that s exited, in a fundamentally difficult direction. here s the simple truth. it represented the best of american capitalism. it represented a moment where we walked away, and how many in this country from how this country was built, how this city was built. bidenomics is about the future. it s another way of saying restore the american dream. it worked before. we ve always been best as investing in america, in americans. when we invest in our people, we strengthen the middle class, see the economy grow, and it benefits all americans. that s the american dream. 40 years of trickle-down limited that dream, except for those at the top.