12/31/2022 0 Comments Bidens vmt![]() ![]() He celebrated his new funding of a network of charging stations for electric vehicles. Biden to the Detroit Auto Show last Wednesday. President Joe Biden and 60 Minutes correspondent Scott Pelley tour the Detroit Auto Show So, to continue to put people in a position to be able to make a decent living and grow, and grow, and increase their capacity to grow. This year, it's gonna be over $1.5 trillion reduced the debt. Making sure that Medicare can negotiate down those prices by the way, we've also reduced the debt and reduced the deficit by $350 billion my first year. Continue to grow the economy and continue to give hard-working people a break in terms of we pay the highest drug prices in the world of any industrialized nation. Six hundred and ninety-five, I think it is, or eighty-five thousand new manufacturing jobs just since I've become president in United States. President Joe Biden: We're growing entire new industries. It's growing in- in a way that it hasn't in years and years. President Joe Biden: Continue to grow the economy. Scott Pelley: Sir, with the Federal Reserve rapidly raising interest rates, what can you do to prevent a recession? I'm- more optimistic than I've been in a long time. They're gonna be in a situation where they begin to gain control again. Their basic costs for everybody, their energy prices are gonna be lower. Their health care costs are gonna be a lot lower. And their prescription drug prices are gonna be a hell of a lotta lower. President Joe Biden: No, I'm telling the American people that we're gonna get control of inflation. Scott Pelley: And you would tell the American people that inflation is going to continue to decline? And at the same time- make sure that we- we are- are able to continue to grow. ![]() We hope we can have what they say, "a soft landing," a transition to a place where we don't lose the gains that I ran to make in the first place for middle-class folks, being able to generate good-paying jobs and- expansion. Scott Pelley: Is the economy going to get worse before it gets better? troops would defend Taiwan, but White House says this is not official U.S. President Biden says he hasn't decided on 2024 reelection run.President Biden discusses the tax code, MAGA Republicans, and China.And look down the road, we have mas- massive investments being made in computer chips and- and employment. We're in a situation where manufacturing is coming back to the United States in a big way. ![]() We're in a situation where the- the unemployment rate is about 3.7%. The fact is that we've created 10 million new jobs. And in the meantime, we created all these jobs and- and prices- have- have gone up, but they've come down for energy. It has just barely- it's been basically even. We're in a position where, for the last several months, it hasn't spiked. Scott Pelley: It's the highest inflation rate, Mr. Inflation rate month to month was just- just an inch, hardly at all, President Joe Biden: Well, first of all, let's put this in perspective. People are shocked by their grocery bills. President, as you know, last Tuesday the annual inflation rate came in at 8.3%. The president made news and will ignite a few controversies. At the White House on Thursday, we spoke to President Biden about the economy, Ukraine, those top secret documents in Donald Trump's home and whether Mr. The Dow plummeted nearly 1,300 points after a dismal inflation report. But Tuesday, as James Taylor sang "Fire and Rain," it seemed like both descended on the president's party. ![]() Then, in August, over Republican objections, he signed the largest investment ever on climate change, a minimum tax on corporations, a law to lower prescription drug prices, and student loan forgiveness. Biden's streak began in June when he signed a bipartisan gun safety law. Summer was going so well for the president the White House threw a party last week with a concert by James Taylor. ![]()
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