Summary

Portrait of Joe Biden Joe Biden Joe Biden's Second State of the Union Address (2022)

One way to fight inflation is to drive down wages and make Americans poorer.
I think I have a better idea to fight inflation: Lower your costs, not your wages.
And, folks, that means make more cars and semiconductors in America, more infrastructure and innovation in America, more goods moving faster and cheaper in America, more jobs where you can earn a good living in America.
Instead of relying on foreign supply chains, let’s make it in America.
Look, economists call this increasing the productive capacity of our economy.
Source: Wikisource

Portrait of Joe Biden Joe Biden Joe Biden's Second State of the Union Address (2022)

Look, Vice President Harris and I ran for office — and I realize we have fundamental disagreements on this — but ran for office with a new economic vision for America: invest in America; educate Americans; grow the workforce; build the economy from the bottom up and the middle out, not from the top down. Because we know when the middle class grows — when the middle class grows, the poor go way up and the wealthy do very well.
Source: Wikisource

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