3.1 Percent

President Biden announced a 3.1% growth in the US economy over the past year, accompanied by the addition of approximately 2.7 million jobs. He emphasized the positive impact on wages, wealth, and employment, stating that the current levels surpass those before the pandemic. Biden highlighted a three-year trend of fostering economic growth from the middle out and the bottom up during his tenure.

Despite the achievements, Biden acknowledged that there is still work to be done to further transform the economy. He committed to ongoing efforts to reduce prescription drug costs, lower insurance premiums, and promote affordable clean energy. Additionally, he pledged to eliminate hidden fees that directly affect consumers, urging companies to pass on the resulting savings to the end-users.

Biden expressed his determination not to allow extreme Republicans to favor the wealthy and large corporations at the expense of ordinary citizens. He emphasized his commitment to preventing increases in costs and cuts to Social Security, Medicare, and Medicaid, affirming his dedication to providing American families with greater financial relief.