We are in a race to see who wins the 21st Century: Joe Biden on US economy

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We’ve turned the tide on the once-in-a-century pandemic.  We’ve turned the tide on a once-in-a-generation economic crisis.  And families are beginning to be able to breathe just a little bit easier…… We’re in a race to see who wins the 21st century – Joe Biden

Cleveland, Ohio: Speaking on the economy at Cuyahoga Community College Cleveland, Ohio, the US President Joe Biden said:

We’ve turned the tide on the once-in-a-century pandemic.  We’ve turned the tide on a once-in-a-generation economic crisis.  And families are beginning to be able to breathe just a little bit easier.

Biden talked of the campaign trail when he was running for presidency and it was decided then that you had to beat the pandemic to bring the economy back.  And so that’s what he set out to do on assuming office.

Drawing a picture, Biden said after administering 271 million doses of vaccine in the first 120 days — the cases are down now from January  — they’re down 83 percent — COVID cases are down.  The number of deaths has fallen by 85 percent.

Now, schools are reopening.  Businesses are reopening.  Restaurants are reopening.
Biden stated in clear terms  this is the moment to rebuild an economy from the bottom up and the middle out, not a trickle-down economy from the very wealthy.

Putting it in a broader perspective, he said the idea is  to build an economy that rewards work, not just wealth.  An economy that works for the backbone of this country — the people who get up every single day, work hard, raise their families, pay their taxes, serve their country, volunteer in their communities.

The US President said that there were 10 million fewer jobs in America when he was sworn in. But in his first three months in office, the economy has added back 500,000 jobs per month. Before he took office, almost 24 million Americans were going hungry.  The number of hungry Americans — food-starved Americans — has dropped by 30 percent, he added.

Biden said Before he took office, independent experts were projecting that thevUS economy would grow at 3 to 4 percent in the year 2021.  But they’re now projecting that growth will be 6 percent or higher in 2021 — the fastest growth in the US in 40 years.

According to Biden, all this has happened First, as they made the vaccine program a priority. 
As there weren’t enough vaccinators, so we went to FEMA, the United States military, went to the AMA and got retired docs and nurses to come out of retirement — got thousands and thousands of additional people to administer the vaccines that we didn’t have before, Biden informed the audience.

Further, Biden said that he doesn’t have any anything against anybody in Wall Street but Wall Street did not build this country.    The middle class built and unions built the middle class.
Looking beyond borders, Biden drew attention to China and said, it was number eight in their overall spending in research and development three decades ago; they’re now number two.

This past year, Japan, Canada, Italy, France, and the EU have announced significant infrastructure spending.  China has announced that they’re increasing their research and development spending dramatically.  Japan is making huge investments in reducing carbon emissions and building out the digital capacity they have.  Even the European Union. In this global scenario, he said “we’re in a race to see who wins the 21st century”.

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