House Democrats create new economic plan to support at-risk incumbents.
A New Economic Agenda: Lowering Costs and Cooling Inflation
A group of centrist Democrats is set to release an exciting new economic agenda aimed at tackling the pressing issues of lowering costs and cooling inflation. This initiative marks the party’s latest effort to take control of economic messaging in preparation for the highly anticipated 2024 election.
The New Democrat Coalition, a powerful caucus comprising nearly 100 House Democrats, unveiled the framework on Tuesday. They proudly present their agenda as one that not only lowers costs but also focuses on building a strong middle class from the “middle out and bottom up” – a phrase frequently used by President Joe Biden to describe his economic vision.
“This plan demonstrates how Democrats’ economic policies have lowered inflation, raised wages, and cut costs for hardworking families, while also outlining a roadmap for how we can continue to grow our economy from the middle out and the bottom up,”
The Economic Opportunity Agenda, presented in a comprehensive 22-page plan, aligns with the messaging from the White House and its commitment to “Bidenomics” – a term encompassing the economic policies implemented under the Biden administration. The plan examines these policies and highlights the positive impact they have had on the economy’s growth.
Moreover, the agenda is expected to provide valuable campaign material for vulnerable Democrats running in competitive districts, many of whom are members of the New Democrat Coalition. Not only does the plan emphasize the economic progress achieved under Democratic leadership, but it also offers a clear ”roadmap” for both the White House and lawmakers to continue advancing legislation that addresses inflation concerns.
An Eight-Step Plan for Economic Strength
The Economic Opportunity Agenda outlines a comprehensive eight-step plan to strengthen the economy. These steps include strengthening global supply chains, transitioning to a clean energy economy, increasing affordable housing, and supporting farmers to lower food costs.
With the release of this new agenda, the White House’s recent memo urging congressional Democrats to embrace “Bidenomics” in their economic messaging gains further momentum. This strategic move is a response to Republican criticism of the president’s economic policies, particularly regarding soaring inflation, which the president claims is being addressed.
The economy has emerged as a top concern for voters leading up to the 2024 election, making it a crucial cycle for Democrats as they strive to maintain control of the White House and Senate. According to an Associated Press survey conducted in June, only 34% of voters approve of Biden’s performance on economic matters.
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