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Biden touts ‘Bidenomics’ as antidote to failed trickle-down policies

US president defends his economic record in Chicago speech as he faces tough re-election fight

Joe Biden said trillions of dollars of government investments deployed under his watch would restore the “American dream” after decades of failed “trickle-down” politics, in a speech defending his economic record.

Speaking at the Old Post Office in Chicago on Wednesday, the US president said the sweeping legislation he had championed to pump federal money into clean energy, infrastructure and domestic manufacturing was rapidly delivering tangible results for ordinary households and giving the country an edge internationally.

“I’m not here to declare victory on the economy. I’m here to say we have a plan that is turning things around incredibly quickly,” Biden told the audience.

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