'We're just getting started': President JoeBiden says benefits of his spending about to kick in
“We had an extraordinary two years of progress from the American Rescue Plan, the bipartisan infrastructure law, the Inflation Reduction Act, and the CHIPS and Science Act,” Biden said, rattling off some of the main bills he has signed into law. “But what I’m most excited about is that people are starting to see the impact of these legislative achievements in their own lives. We’re just getting started.
“It’s going to take time to get inflation back to normal levels as we keep our job market strong, so we could see setbacks along the way, I don’t doubt that, but thus far we’re in good shape,” he said. “But we’re laser-focused on that.” Still, the economy remains a bright warning sign for Biden and the Democrats in 2024. The president hasn’t decided whether to run for a second term, but appears to be leaning in that direction and has a stronger hand in the Democratic primaries as a result of the GOP underperformance in the midterm elections.
Over the course of the midterm campaign, Biden regularly argued that the government benefits contained in legislation he signed would lower costs while Republicans cited economists who noted high federal spending was contributing to inflation. Most of his campaign appearances were organized around official White House events advertising specific examples of Biden-approved spending helping certain communities or voting blocs.
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