{"id":165434,"date":"2023-08-17T12:07:01","date_gmt":"2023-08-17T19:07:01","guid":{"rendered":"https:\/\/new.thepinetree.net\/?p=165434"},"modified":"2023-08-17T12:08:37","modified_gmt":"2023-08-17T19:08:37","slug":"president-biden-on-the-anniversary-of-the-inflation-reduction-act","status":"publish","type":"post","link":"https:\/\/new.thepinetree.net\/?p=165434","title":{"rendered":"President Biden on the Anniversary of the Inflation Reduction Act"},"content":{"rendered":"<p>Washington, DC&#8230;Thank you, Scott. (Applause.) Thank you, thank you, thank you. (Applause.) Please, thank you. I think your patience today exceeds your good judgment, but thank you. (Laughter.) And I want to say one thing to your children: I know some really great ice cream places around here \u2014 (laughter) \u2014 and Daddy owes you. Okay? (Laughter.) So, talk to me afterwards. Folks, thanks for the introduction. And, Scott, thank you very much.<\/p>\n<p><a href=\"https:\/\/new.thepinetree.net\/wp-content\/uploads\/2023\/08\/367430664_630668229247301_4232584095220398456_n.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-165435\" src=\"https:\/\/new.thepinetree.net\/wp-content\/uploads\/2023\/08\/367430664_630668229247301_4232584095220398456_n.jpg\" alt=\"\" width=\"640\" height=\"427\" srcset=\"https:\/\/new.thepinetree.net\/wp-content\/uploads\/2023\/08\/367430664_630668229247301_4232584095220398456_n.jpg 1125w, https:\/\/new.thepinetree.net\/wp-content\/uploads\/2023\/08\/367430664_630668229247301_4232584095220398456_n-300x200.jpg 300w, https:\/\/new.thepinetree.net\/wp-content\/uploads\/2023\/08\/367430664_630668229247301_4232584095220398456_n-1024x683.jpg 1024w, https:\/\/new.thepinetree.net\/wp-content\/uploads\/2023\/08\/367430664_630668229247301_4232584095220398456_n-768x512.jpg 768w, https:\/\/new.thepinetree.net\/wp-content\/uploads\/2023\/08\/367430664_630668229247301_4232584095220398456_n-570x380.jpg 570w, https:\/\/new.thepinetree.net\/wp-content\/uploads\/2023\/08\/367430664_630668229247301_4232584095220398456_n-701x467.jpg 701w, https:\/\/new.thepinetree.net\/wp-content\/uploads\/2023\/08\/367430664_630668229247301_4232584095220398456_n-1067x711.jpg 1067w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/a><\/p>\n<p><iframe loading=\"lazy\" title=\"President Biden Delivers Remarks on the Anniversary of the Inflation Reduction Act\" src=\"https:\/\/www.youtube.com\/embed\/1JJPX7fLp6U\" width=\"640\" height=\"360\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>You know, I want to thank Vice President Harris; members of the Cabinet \u2014 Secretary Vilsack, Administrator Regan; you know, members of Congress, and particularly Chuck Schumer and Nancy Pelosi, who played such a pivotal role in getting this bill done.<\/p>\n<p>Everyone was telling us there is no possibility with the divided Congress \u2014 the way it was \u2014 that we could get it done. And you got it done without a single vote on the other team, although that began to change at the end.<\/p>\n<p>And all the special guests, state and local leaders, business leaders, entrepreneurs, advocates.<\/p>\n<p>You know, one year ago, with your leadership, I signed the Inflation Reduction Act into law and \u2014 one of the most significant laws I think has ever been enacted \u2014 taking on the special interests and winning \u2014 and winning. (Applause.)<\/p>\n<p>Delivering \u2014 delivering on promises that have long been made to the American people to lower costs for families, especially healthcare costs, increase America\u2019s energy security, restore fairness to a tax code, create good-paying jobs here in America, and to address the existential threat of climate crisis.<\/p>\n<p>You know, it\u2019s part of a much broader vision for our country: growing the economy from the middle out and the bottom up, not the top down.<\/p>\n<p>I\u2019m a capitalist. I think if you can go make a billion dollars, go make it. I\u2019m all for that. Just pay your taxes. (Laughter.)<\/p>\n<p>But because when the middle class does well \u2014 all kidding aside \u2014 everybody does well. Everybody. The poor have a ladder up. The middle class are \u2014 have a good shot. And \u2014 and \u2014 and the wealthy do very well.<\/p>\n<p>The Financial Times and the Wall Street Journal initially called my plan \u201cBidenomics.\u201d I\u2019m not sure they meant it in a totally complimentary way at the time. (Laughter.) But guess what? It\u2019s working. (Applause.)<\/p>\n<p>Our economic plan \u2014 made possible by all of you in this room, and that\u2019s not hyperbole \u2014 created more than 13 million 400 thousand jobs \u2014 new jobs since I took office. Nearly 800 \u2014 (applause) \u2014 nearly 800,000 manufacturing jobs.<\/p>\n<p>Where is it written that America can\u2019t create the most vibrant and innovative economy and be the world\u2019s leading manufacturer again? Where is that written? I didn\u2019t see that anywhere.<\/p>\n<p>We\u2019ve created more jobs in two years than any administration has in a single four-year term. And I\u2019m very proud \u2014 (applause) \u2014 and I\u2019m very proud that unemployment has been below 4 percent for the longest stretch in over 50 years. (Applause.) Below 4 percent and going down.<\/p>\n<p>We now have more jobs than we did before the pandemic. And workers aren\u2019t just finding more jobs, they\u2019re finding better jobs, higher pay, higher job satisfaction. And unemployment is down and so is inflation.<\/p>\n<p>Remember what the experts told us, okay? And they\u2019re traditional economists, very smart women and men. They told us getting inflation under control, in order to do it, we had to lower wages and increase unemployment. Not a joke. Had to lower wages and increase unemployment.<\/p>\n<p>But we never, never, never thought the problem was too many people \u2014 I \u2014 at least, I didn\u2019t \u2014 too many people that were working or that working people were making too much money. I just thought that was not the best answer to how to get it down.<\/p>\n<p>Now, one reason we\u2019ve seen inflation fall by two thirds without losing jobs is corporate profits are coming back down to earth. The excesses are being eliminated by the corporations.<\/p>\n<p>We have more to do, but inflation is now at the lowest point it\u2019s been in two years.<\/p>\n<p>When the Inflation Reduction Act was passed a year ago today, inflation was \u2014 as pointed out by Chuck or Nancy; I can\u2019t remember which one \u2014 8.3 percent. It\u2019s now down to 3.2 percent \u2014 (applause) \u2014 the lowest amount \u2014 and it\u2019s going to go lower.<\/p>\n<p>But here\u2019s the point: It\u2019s lowest among the world\u2019s leading economies. Take every major economy in the world. We have the lowest uninflat- \u2014 inflation rate.<\/p>\n<p>At the same time, wages are growing faster than inflation, and this matters.<\/p>\n<p>The way I think about inflation is the way my dad used to talk about it around the kitchen table. Not a joke. I\u2019m being deadly earnest about this. He\u2019d ask, \u201cHow much is left after all the monthly bills are paid? How much do you have left over after you pay them all? And is there \u2014 at the end of the month, just to have a little bit of breathing room. Just a little bit of breathing room.\u201d<\/p>\n<p>That\u2019s one of the reasons why we\u2019ve worked so hard dealing with Pharma and other things. Not only do you get the overall cost of average people and the monthly bills down, in addition to inflation, the Inflation Reduction Act is giving people more breathing room, as my dad would say. And it\u2019s supercharging the economic transition in key ways.<\/p>\n<p>First, it\u2019s taking the most aggressive action ever on climate energy \u2014 ever. I\u2019ve long said \u2014 and I\u2019ve \u2014 that\u2019s why I think all the unions have come along. I\u2019ve long said: When I think climate \u2014 not a joke \u2014 I think jobs. I think jobs. (Applause.) For real.<\/p>\n<p>And, by the way, none of this would have happened had the unions not stepped up and supported us. The idea \u2014 (applause) \u2014 they wouldn\u2019t have. It would not have happened.<\/p>\n<p>This law is one of the biggest drivers of jobs and economic growth this country has ever seen.<\/p>\n<p>Since I took office, the private sector has announced nearly 400 \u2014 excuse me \u2014 $240 billion in new clean energy manufacturing investments. That\u2019s private sector \u2014 $240 billion investment. (Applause.)<\/p>\n<p>And the law has already created an estimated 170,000 clean energy jobs in one year. It\u2019s estimated that it will \u2014 it will \u2014 that will grow to 1.5 million more jobs over the next decade. First, it was one year. Now we\u2019re talking about the decade.<\/p>\n<p>You know, just don\u2019t take it from me. The CEO of U.S. Steel called the Inflation Reduction Act \u201cManufacturing\u2026\u201d \u2014 he called it the \u201cManufacturing Renaissance Act\u201d because it\u2019s bringing jobs back to America, manufacturing here in America. Made in America.<\/p>\n<p>According to leading Wall Street firms Morgan Stanley and Goldman Sachs, my broader investment \u2014 our broader investment in Investing in America agenda is unleashing a boom \u2014 a boom of manufacturing investments.<\/p>\n<p>And we\u2019re leaving nobody behind. We\u2019re investing in all of America: in the Heartland and coast to coast.<\/p>\n<p>You know, I saw some of our \u2014 a few of my Democratic friends \u2014 not in Congress \u2014 but friends said, \u201cLook, you\u2019re \u2014 you\u2019re investing more in red states than in blue states.\u201d Well, I made a commitment. This is about all of America. I was the Pre- \u2014 (applause) \u2014 no, I really mean it.<\/p>\n<p>And we\u2019ve seen progress across the country, from Maine to South Carolina, to Minnesota, to New Mexico. The Vice President and I and the Cabinet have seen progress across the country.<\/p>\n<p>Just yesterday, I was in Wisconsin at a \u2014 at a company that makes clean energy equipment, including wind turbines. Because of the Inflation Reduction Act, they expect their market in American-made wind turbine generators to double next year.<\/p>\n<p>And, by the way, the guy who was the most ardent opponent of all this was talking about what great benefits are coming to Wisconsin. (Laughter.)<\/p>\n<p>Bless me, Father. I have \u2014 (laughter). I\u2019m going to be a good boy. (Laughter.) I\u2019m going to keep the Irish in me down a little bit here. (Laughter.)<\/p>\n<p>At the same time, we\u2019re also boosting our nation\u2019s energy security. For years, China dominated the clean energy supply chains. We became \u2014 we let the American jobs and factories go overseas. For how long have we gone through this period where the answer for the previous \u2014 mostly in Republican, but some Democratic administrations \u2014 the answer had been: Find the cheapest labor in the world; go \u2014 close the factory here, build it over there, wherever that is; and then import the product from abroad?<\/p>\n<p>Not anymore. We are building it here and sending the product over there. (Applause.) No, I mean it.<\/p>\n<p>We\u2019re bringing \u2014 we\u2019re bringing critical supply chains and technologies home for electric vehicle batteries, solar panels, wind turbines, critical minerals.<\/p>\n<p>And because of the CHIPS and Science Act, we\u2019ve generated $231 billion in private investment, in making semiconductors \u2014 $231 billion. A small \u2014 that small computer chip, the size of the end of your \u2014 your fingertip that affects nearly everything in our lives, from cellphones, to automobiles, to the most sophisticated weapons systems.<\/p>\n<p>You know, we invented these chips. We used to produce these chips. We stopped. And we saw it during the pandemic \u2014 we paid a high price for things that went overseas. Factories shut down; we paid a big price. But now we\u2019re bringing semiconductors home.<\/p>\n<p>In 2030, the Inflation Reduction Act is projected to help triple wind power and increase solar power by eightfold. By 2030, electric \u2014 electrically deployed \u2014 excuse me, electricity deployed through the U.S. power grid is expected to be powered by 81 percent clean energy. Do you hear me? Eighty-one percent clean energy. (Applause.)<\/p>\n<p>Imagine the impact on climate and the air we breathe. The law is going to help meet all of my bold climate goals by cutting carbon pollution in half by 2030 \u2014 in half by 2030. (Applause.)<\/p>\n<p>And between the Inflation Reduction Act and the Bipartisan Infrastructure Law, we\u2019re investing more than $50 billion to build up resilience in impacts on climate change.<\/p>\n<p>These laws support important priorities, from addressing historic drought along the Colorado River Basin. Remember when I said we had a concern about the Colorado River literally going dry? You all thought I was crazy. I wish I had been. But guess what? I was just out there and looking down on the Grand Canyon. And guess what? It\u2019s coming back.<\/p>\n<p>But any rate, we\u2019re responding to coastal erosion, sea level rise in the Gulf of Mexico, and helping reduce the effects of extreme heat by investing nearly $1.5 billion to plant trees and expand community parks and forests.<\/p>\n<p>Folks, there\u2019s a lot more, and you\u2019ve heard a lot today, and I\u2019m going to not go into it all. But this law is helping mem- \u2014 families save thousands of dollars on energy bills every year through the tax credit and rebates to buy new and efficient electric appliances, weatherize their homes, install heat pumps, rooftop solar.<\/p>\n<p>As a consequence of this, it\u2019s estimated that the consumer is going to save at least $27 billion in electric bills between now and 2030. (Applause.)<\/p>\n<p>We\u2019re also offering tax credits up to $7,500 to buy new electric vehicles \u2014 and I\u2019ve worked it out with the European Union \u2014 (laughter) \u2014 and fuel cells made here in America.<\/p>\n<p>For the first time, we can get a tax credit to buy used electric vehicles. And thanks to the law, new electric vehicles are going to save \u2014 this is \u2014 this is a fact, if we do this \u2014 and we\u2019re doing it now \u2014 tens of billions of gallons of gasoline between now and 2030. That\u2019s a lot less pollution. (Applause.)<\/p>\n<p>And I\u2019m not even going to start to talk to you about Amtrak. (Laughter.) It\u2019s going to save billions of dollars \u2014 and I really mean it \u2014 in energy costs. But we\u2019ll get into that later. (Laughter.)<\/p>\n<p>Let me be clear on this point: When I say climate means jobs, I mean good-paying union jobs. (Applause.)<\/p>\n<p>And the law \u2014 and the law will give an added boost to clean energy products that pay a prevailing wage, employ registered apprenticeships, and use made-in-America parts and products, and not violate any international trade agreements. It\u2019s all in the law.<\/p>\n<p>And we\u2019re rein- \u2014 we\u2019re reincentivizing companies to build clean energy projects in the same communities that powered our nation with fossil fuels. We owe them \u2014 whether it was Scranton, Pennsylvania, or West Virginia or wherever it has been. The fos- \u2014 they\u2019ve \u2014 they\u2019ve supplied the fossil fuels we needed for generations.<\/p>\n<p>For example, next generation batteries are being made in an old steel mill in West Virginia. Solar panels are going to be \u2014 to go \u2014 going to a closed coal plant in New Mexico.<\/p>\n<p>These incentives are going to help make clean energy jobs good-paying union jobs and ensure the benefits of clean energy economy reaching communities left behind. And they\u2019re left behind \u2014 when they left behind, they lost their pride. They lost a sense of who they were. They lost what was going on. To reach communities too often left behind \u2014 and that\u2019s the focus.<\/p>\n<p>And we\u2019re already seeing it happen. Laborers and carpenters are building solar farms. Iron workers and operating engineers building wind projects. Electricians installing solar panels and electric vehicle chargers. By the way, 500,000 of those suckers. And it\u2019s going to mean a lot. And it\u2019s a big deal.<\/p>\n<p>The clean energy economy should also be a win-win for auto companies and union workers. You know, as the Big Three automakers and companies \u2014 the United Auto Workers negotiated a new collective bargaining agreement, I\u2019m asking him to work together to forge a fair agreement.<\/p>\n<p>Together \u2014 together, we can make this transition to a clean energy future fair and just. And that means ensuring that auto jobs continue to be good jobs that can su- \u2014 you can support a family on. (Applause.)<\/p>\n<p>But auto companies honor the right of workers to organize, taking every possible step to avoid painful plant closings. And that when transitions are needed, they are fair and designed to retool, reboot, and rehire the same \u2014 in the same factory and communities at a competitive wage while the existing workers get the first shot to fill those jobs. That\u2019s only fair. It matters.<\/p>\n<p>Second, because the Inflation Reduction Act, we\u2019re \u2014 we\u2019re \u2014 we\u2019re talking about lifesaving steps to reduce healthcare costs. It locks in place the lower healthcare premiums for millions of American families under the Affordable Care Act, saving them an average of $800 a year.<\/p>\n<p>And I see my friends in the Congress who saw that \u2014 in the Senate and House who saw that \u2014 make that happen.<\/p>\n<p>Plus, we pay more for our prescription drugs than any country \u2014 major country in the world. The cu- \u2014 the product made here in the United States sold in Montreal or Paris or anywhere around the world is cheaper than it\u2019s made here, where it was \u2014 where it\u2019s been produced.<\/p>\n<p>For years, many of us have been trying to give Medicare the power to negotiate lower drug prices, which would reduce, by the way, the federal deficit at the same time. Because when Medicare doesn\u2019t have to pay the high price, guess what? It cuts your taxes. It cuts the amount of money that the federal government has to pay.<\/p>\n<p>For years, Big Pharma won. Big Pharma blocked us. But not this time. (Applause.)<\/p>\n<p>I know I don\u2019t look it, but I\u2019ve been arou- \u2014 I\u2019ve been around for 400 years. (Laughter.) And I\u2019ve been fighting Pharma on this since the 1970s. No, not a joke.<\/p>\n<p>This time, we finally beat Big Pharma. Medicare finally has the power to negotiate lower prescription drug prices, like the Department of Veterans Affairs has \u2014 had the power.<\/p>\n<p>That\u2019s not all. We\u2019ve heard \u2014 you\u2019ve heard \u2014 this was already spoken to: insulin. Companies pay \u2014 it costs \u2014 and, by the way, the guy who invented the insulin, he never patented it because he wanted it available for everybody. It never was patented.<\/p>\n<p>And guess what? It costs 10 bucks to make. And if you use everything including packaging, it could be as high as 12 and a half dollars. Now those companies are charging 30 times that amount.<\/p>\n<p>Now seniors on Medicare \u2014 and, by the way, it should be beyond seniors and Medicare, but I\u2019ll come back to that at another time \u2014 were paying as much as $400 a month for insulin. And they\u2019re now just paying 35 bucks a month.<\/p>\n<p>We\u2019re also capping total out-of-pocket expense for drugs for seniors on Medicare to $2,200 a year \u2014 $2,000 a year for even the expensive cancer drugs that could cost as much as $10-, $12-, $14,000 a year. Combine all the costs of their drugs, by 2025, they\u2019ll never have to pay more than a total of $2,000 after 2025. (Applause.)<\/p>\n<p>One \u2014 one in three \u2014 one in three seniors on Medicare is going to save an average of $400 a year. Seniors with the highest drug costs are going to save an average of $2,500 a year. And the Pharma companies are still going to do very, very well.<\/p>\n<p>The laws require that drug companies will raise prices faster than inflation. If they do that, they\u2019re going to have to pay the difference back to Medicare. That\u2019ll create an incentive to keep prices from skyrocketing. And negotiating drug prices alongside other parts of the law will save the federal government $160 billon \u2014 reducing the cost of government by $160 billion.<\/p>\n<p>It will lower the federal deficit because it means \u2014 what happens here is Medicare is going to be paying less for the prescription drugs they deliver to the American people. So, it not only lowers cost for the \u2014 for the person receiving the drug, it lowers the cost for taxpayers \u2014 lowers the cost for taxpayers.<\/p>\n<p>And it gets to a third win for the American people with this law: We\u2019ve made all the progress without raising taxes on the middle class.<\/p>\n<p>I made a commitment \u2014 and some thought it was too \u2014 too much of a commitment; it\u2019s too high \u2014 that no one making less than $400,000 a year will pay a single penny more in federal taxes. It\u2019s a commitment I\u2019ve kept so far. And as long as I\u2019m president, I will keep it.<\/p>\n<p>Unlike the last president, in my first two years in office, we actually cut the federal debt \u2014 deficit by $1.7 trillion. You hear me? The first two years \u2014 we cut the debt [deficit] by $1.7 trillion. (Applause.)<\/p>\n<p>And through this law, we\u2019re going to continue cutting the deficit and cutting subsidies to Big Pharma and ensuring the wealthy and big corporations begin to pay their fair share of federal taxes.<\/p>\n<p>Does anyone here think that the tax system is fair? In 2020 \u2014 you remember, I was a pain in the neck about this; I know \u2014 there were 55 of the largest corporations in America who paid zero in federal taxes \u2014 55 of the 500 \u2014 of the Fortune 500. And they made $40 billion in profit. Didn\u2019t pay a penny.<\/p>\n<p>Not anymore. The law requires a minimum tax of 15 percent on our biggest corporations and a 1 percent excise tax on stock buybacks when they pay profits to shareholders.<\/p>\n<p>The law also saves money by cracking down on super-wealthy tax cheats, making sure billionaires \u2014 who pay \u2014 by the way, there\u2019s about a thousand now. We used to have 750 before the pandemic. By the way, if you\u2019re going to be a billionaire \u2014 not a problem. I\u2019m \u2014 I\u2019m a capitalist. I also was listed for 36 years the poorest man in the Senate, but that\u2019s a different issue. (Laughter.) But billionaires and the biggest corporations should at least pay the taxes they owe.<\/p>\n<p>Do you know what the average tax on a billionaire in America is today \u2014 federal tax? 8.2 percent.<\/p>\n<p>You know, a janitor makes \u2014 pays a higher tax than that.<\/p>\n<p>Folks, this law is transformative. And it feel \u2014 you know, it fell entirely to Democrats to deliver it. I hope we\u2019ve seen \u2014 with all the people out there claiming the credit for it \u2014 they\u2019ve decided that we\u2019re going to \u2014 they\u2019re going to join the fight. They\u2019re going to join the fight.<\/p>\n<p>I took a \u2014 I guess I shouldn\u2019t get into that. (Laughter.) But one congressperson, who has been particularly strident about me, laid out all that we did. We just took it and used it as an ad. (Laughter and applause.) You think I\u2019m kidding.<\/p>\n<p>Look, the idea that not one single Republican voted for it \u2014 you know, I \u2014 and I know my colleagues know this, and I \u2014 I\u2019ve had seven of my Repub- \u2014 former Republican colleagues in the Senate come to me and say they agreed with us. And \u2014 but I promised I\u2019d never say their names, and I never will tell anybody. But the reason they did that was \u2014 they said, \u201cJoe, if I vote for X, Y, or Z, it\u2019s going to \u2014 they\u2019re going to primary, and it will cost me my election.\u201d<\/p>\n<p>Not a lot of political courage, but an explanation as to why there\u2019s a lot of people who believe what we\u2019re doing is right, but just \u2014 they\u2019re a little worried in this environment.<\/p>\n<p>In fact, Republicans have repeatedly tried to repeal key parts of the Inflation Reduction Act, including the Speaker of the House now \u2014 taking credit for the billions of dollars in private investments and thousands of jobs coming into their states.<\/p>\n<p>That\u2019s okay. I ran for president, and I said I would represent all Americans. And like I said at the State of the Union, \u201cI\u2019ll see you at the groundbreaking.\u201d (Laughter.) You think I\u2019m kidding. (Laughter.) You know I\u2019m not.<\/p>\n<p>Let me close with this. I\u2019m not here to declare victory on the economy. Our economy is stronger and better than any industrial nation in the world right now. We \u2014 but we have more work to do. We have a plan that\u2019s running \u2014 turning things around. The Inflation Reduction Act is a part of that plan.<\/p>\n<p>Bidenomics is just another way of saying \u201crestoring the American Dream.\u201d<\/p>\n<p>I believe every American willing to work hard \u2014 and I mean this from the bottom my heart. My dad used to say, \u201cJoey, a job is about a lot more than a paycheck.\u201d I give you my word. \u201cA lot more than a paycheck. It\u2019s about your dignity. It\u2019s about respect. It\u2019s about being able to look your kid in the eye and say, \u2018Honey, it\u2019s going to be okay,\u2019 and mean it.\u201d<\/p>\n<p>Any re- \u2014 any person willing to work hard should be able to get a job no matter where they live, raise their kids on a good paycheck, and keep their roots where they grew up.<\/p>\n<p>How many of you from Midwestern states and border states have found yourself in a position where \u2014 they provide a good education, and you got a \u2014 the son or daughter comes to you, \u201cMom, Dad, I\u2019ve got to move.\u201d When you were governor of Iowa, how many times did you hear that? You have one of the best education systems in the country. \u201cBut I\u2019ve got to move, Mom. There\u2019s no job for me.\u201d<\/p>\n<p>Bidenomics is anchors \u2014 anchored in what\u2019s always worked best for the country: investing in America, investing in Americans. Because when we invest in ourselves, when we strengthen the middle class, we see stronger economic growth. It benefits everybody.<\/p>\n<p>Look, folks, I\u2019m proud of the historic law my administration has passed, but it\u2019s not about me, and I mean that from the bottom of my heart. It\u2019s about you \u2014 all of you in this room, particularly, but the American people. Folks like the ones standing behind me here today.<\/p>\n<p>The most important thing I want to say today is: Thank you, America. Thank you, Americans.<\/p>\n<p>We\u2019ve faced some tough times in recent years. But you, the American people, didn\u2019t give up. You\u2019re the ones getting up every single day going to work. You\u2019re the ones taking the risks, opening the doors, hiring workers, fulfilling dreams.<\/p>\n<p>And all we hear from our friends on the other side of the aisle is what they claim is what\u2019s wrong with America.<\/p>\n<p>Well, let me tell you \u2014 let \u2014 let me tell you: They\u2019re telling us America is failing \u2014 failing? They\u2019re dead wrong. They\u2019re dead wrong. America isn\u2019t failing; America is winning.<\/p>\n<p>And I\u2019ve said it a thousand times \u2014 (applause) \u2014 I\u2019ve said it a thousand times \u2014 a thousand times: There is no quit in America.<\/p>\n<p>Name me a single objective we\u2019ve ever set out to accomplish that we failed on. Name me one in all of our history. Not one.<\/p>\n<p>It\u2019s never been a good bet to bet against America, and it\u2019s still not a good bet today. This is still a country that believes in honesty, decency, and integrity. We\u2019re still a country that believes in hard work.<\/p>\n<p>We\u2019re still a country that believes that each and every one of us is created equal. We\u2019ve never fully lived up to it, but we never walked away from it.<\/p>\n<p>And I guarantee you we\u2019re still the beacon for the world. You ought to come with me to all these international meetings. Listen to the rest of the world \u2014 what they say to the President of the United States.<\/p>\n<p>Everyday, ordinary people every day get up and do extraordinary things. That\u2019s who we are.<\/p>\n<p>America\u2019s best days aren\u2019t behind us; they\u2019re ahead of us. This isn\u2019t about the past. It\u2019s about the future we\u2019re going to build. And I\u2019ve never been more optimistic about America\u2019s future.<\/p>\n<p>Just remember who in God\u2019s name we are. We\u2019re the United States of America. And there\u2019s nothing, nothing, nothing beyond our capacity when we do it together. (Applause.)<\/p>\n<p>God bless you all. And may God protect our troops.<\/p>\n<p>Thank you, thank you, thank you. (Applause.)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Washington, DC&#8230;Thank you, Scott. (Applause.) Thank you, thank you, thank you. (Applause.) Please, thank you. I think your patience today exceeds your good judgment, but thank you. (Laughter.) And I want to say one thing to your children: I know some really great ice cream places around here \u2014 (laughter) \u2014 and Daddy owes you. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":165435,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_cbd_carousel_blocks":"[]","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[20,5,1],"tags":[],"class_list":["post-165434","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-government","category-news","last_archivepost"],"jetpack_featured_media_url":"https:\/\/new.thepinetree.net\/wp-content\/uploads\/2023\/08\/367430664_630668229247301_4232584095220398456_n.jpg","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/posts\/165434","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=165434"}],"version-history":[{"count":3,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/posts\/165434\/revisions"}],"predecessor-version":[{"id":165438,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/posts\/165434\/revisions\/165438"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/media\/165435"}],"wp:attachment":[{"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=165434"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=165434"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=165434"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}