FACTS: The U.S. economy is building a rock solid foundation for local economic growth in all families, neighborhoods, communities, and states nationwide
AGN.News Team
June 3, 2022
WASHINGTON (AGN.News) – The American Rescue Plan, passed last year and signed into law by President Joe Biden, has brought funds to families, funds to seniors, housing eviction relief and a path forward for those burdened with student loans.
Vice President Kamala Harris on Friday touted the Biden administration’s economic achievements at the U.S. Conference of Mayors’ annual meeting in Reno, Nevada.
“When we took office, as many of you remember, our economy and the pandemic — well things weren’t looking good, in fact in many ways heading in the wrong direction. But our administration worked with you to get back on track,” Harris said. You can hear her speech here.
“We worked together to get millions of people who at the time were facing eviction to stay in their homes. We worked together to make sure families had enough food to eat. We worked together to help small businesses stay open or reopen their doors and retain their employees.”
Harris said the United States has had “record job creation, record declines in unemployment and a record increase in labor participation” since she took office with President Joe Biden.
President Biden: “I’ve laid out a plan to lower the cost of high-speed internet by working with the 20 leading internet service providers to cut their prices and raise their speeds for tens of millions of households.”
“This could lower what they have to pay for high-speed internet by $50 a month or more. Nearly 40% of households in America qualify for this saving. By the way you can see if you’ll be eligible by visiting getinternet.gov to see if you qualify.” – President Biden
Biden: Lowering the cost of shipping of products into America by foreign owned ships that have raised shipping cost by over 1000%. These increased cost of goods on those ships raises the cost to consumers.
National investments in clean renewable energy and electric vehicles by automakers will have lower cost to consumers. You can listen to his remarks on the May jobs report as hiring remains strong here.
The president ask everyone to “come together and focus on what matters … let’s continue to build this economy from the bottom up and the middle out.”
Many economists agrees that the U.S. economy is building a rock solid foundation for strong economic growth in families, communities, states, cities and neighborhoods nationwide.
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