Remarks by President Biden on Bidenomics

The first time in a generation, the path of the middle class seemed out of reach. I knew we couldn’t go back to the same failed policies when I ran, so I came into office determined to change the economic direction of this country, to move from trickle-down economics to what everyone began to call “Bidenomics.” I designed and we signed [the Infrastructure Investment and Jobs Act]. Think of it this way: Nearly a century ago, Franklin Roosevelt’s Rural Electrification Act — Rural Electrification — brought electricity to millions of Americans in rural America. Now, we announced our plan to bring affordable high-speed Internet by end a decade of to every home in America, every small business in America. And to no one’s surprise, it’s bringing along converts. People strenuously opposed it, voting against it when we had this going.  [This] was going to “bankrupt America.”  Well, there’s a guy named Senator Tommy Tuberville (R-AL) who announced that he strongly opposed the legislation.  Now he’s hailing its passage.  Here’s what he said: Quote, “It’s great to see Alabama receive critical funds to boost ongoing broadband efforts.”