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Washington, D.C.–Ahead of President Biden’s State of the Union Address, Public Private Strategies Principles Rhett Buttle and Katie Wonnenberg are available to discuss the economic policy outlook for the next two years, how recent bipartisan legislative accomplishments are strengthening the economy, and how President Biden’s record on the economy will factor into the upcoming presidential election.
The economy figures to feature prominently in the upcoming State of the Union, with recent reporting suggesting that President Biden plans to “lean in” on the economy in the speech, previewing messaging for 2024.
Ahead of the State of the Union, Rhett Buttle and Katie Wonnenberg, Principles at Public Private Strategies, released the following statement:
“The past two years have brought historic legislative accomplishments and bipartisan investments that are benefitting small businesses and the communities they serve all over America, including the Bipartisan Infrastructure Law, American Rescue Plan, Inflation Reduction Act, and CHIPS and Science Act.
“Two years ago, we faced remarkable economic challenges. But these bipartisan investments have helped the economy recover and grow. Over 12 million jobs have been created, including over 750,000 manufacturing jobs, and we’ve seen the strongest two years of new small business applications in American history. Now, unemployment is at the lowest level in 53 years, annual inflation is falling, and real wages are rising.
“In particular, small businesses have driven economic growth and job creation over the past two years. A new Wall Street Journal and Jefferies analysis shows that ‘small companies have been responsible for all of the net job growth in the U.S. since the onset of the Covid-19 pandemic and account for almost four out of five available job openings.’ Small businesses are leading the charge on economic recovery, and Main Streets across America are growing stronger every month.
“In order to build on this economic progress, the private sector and the public sector need to continue to partner to ensure that the implementation of recent bipartisan legislation results in dynamic and broad-based economic growth.
“We urge President Biden and Congress to continue to work for bipartisan solutions that advance economic growth and opportunity, and avoid devastating setbacks, like defaulting on the federal debt.”
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