Biden: Build From Bottom Up, Middle Out, Not Top Down

The transcript discusses the impact of economic policies, highlighting the American Rescue Plan's success in job creation and economic growth. It critiques the trickle-down economic theory for widening inequality and presents a new economic vision focused on investing in America and growing the middle class. The importance of infrastructure investment for future competitiveness is also emphasized.

What was one of the main achievements of the American Rescue Plan?

• Creating over 6.5 million new jobs

• Increasing the trade deficit

• Lowering taxes for the wealthy

• Reducing the national debt

What economic theory is criticized for leading to weaker growth and increased inequality?

• Monetarism

• Supply-side economics

• Trickle-down economics

• Keynesian economics

What is a key component of the new economic vision proposed by the administration?

• Building the economy from the top down

• Investing in foreign markets

• Reducing educational funding

• Focusing on middle-class growth

According to the new economic vision, what happens when the middle class grows?

• The wealthy do poorly

• The economy stagnates

• The wealthy also benefit

• Inflation rises

Why is the bipartisan infrastructure law considered crucial?

• To reduce taxes

• To improve global infrastructure rankings

• To increase the national deficit

• To focus on urban development only