"That's Bidenomics!": Biden vows to build US economy from bottom-up

Speaking in Chicago on Wednesday, U.S. President Joe Biden said trickle-down economics don't work. In a term coined by economists, he said "Bidenomics" — his administration's economic plan — aims to build the economy from "the middle-out" and the "bottom-up."

The president said his plan consists of three "fundamental" pillars: smart investments in America, educating and empowering workers to "grow the middle class," and promoting competition to lower costs.

"That's Bidenomics!" he said.

This comes as a new poll from the Associated Press-NORC Center for Public Affairs Research unveiled only 34 per cent of U.S. adults approve of Biden's economic vision and 72 per cent of Democrats agree with Biden.

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