Biden Promotes Economic Agenda in Minnesota Ahead of Likely 2024 Announcement

President Joe Biden traveled to Minneapolis on April 3 as part of his administration’s “Investing in America” tour to promote his economic agenda and potentially announce his reelection bid.

During his visit, he met with Cummins, an engine manufacturer that recently unveiled a $1 billion investment to modernize its factories in Indiana, New York, and North Carolina, which would result in hundreds of new jobs.

At the outset of his speech, Biden asserted that “federal investment attracts private investment” and restated his goal of constructing an economy “from the bottom up and the middle out.”

He cited his legislative successes, such as the Bipartisan Infrastructure Law and the Inflation Reduction Act, which, he stated, aided Cummins in expanding its domestic production.

The White House stated that Cummins engines are used in over half of all US heavy- and medium-duty trucks and that the latest investment will help them “manufacture low- to zero-carbon engines, helping decarbonize the nation’s truck fleets.”

During his time at the Cummins facility, Biden highlighted that his economic plan had enabled “more than $435 billion in private investment in less than two years,” with over $2 billion of that total arriving in Minnesota.

Biden expressed concern that Republican policies would reverse the advancement made by his administration, a recurring theme in his recent speeches.

“Folks, unfortunately, this is not your father’s Republican Party,” Biden remarked. “MAGA Republicans in Congress threatened to undo all this progress.”

“Well, I’ve got news for my MAGA Republican friends: Not on my watch.”

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