GREENSBORO, NC — President Joe Biden traveled to Greensboro Thursday to highlight his plans to boost national supply chains and the high-tech workforce at North Carolina A&T State University.
Biden toured the Engineering Research Complex where students study robotics and cybersecurity.
Biden pushed for Congress to pass the bipartisan Innovation Act because he said it would invest in America’s future.
“We used to invest 2% of our gross domestic product in research and development,” Biden said. “We ruled the world. We were once the world’s No. 1 investment company in the world. Now we are No. 9.”
The trip comes hot on the heels of a recent Consumer Price Index report which showed inflation rose to 8.5% over the past twelve months, with energy costs accounting for the bulk of the totals, reported the ABC 11 affiliate.
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Still, Biden argues that despite the inflation numbers, the economy, in general, is strong. To defend that claim, he points to the fact that there are now 7.9 million more jobs in America than when he took office, which is the biggest increase in jobs in the first 14 month of any presidency. Employee wages and the stock market are also pushing higher than ever, ABC 11 reported.
Despite these measures, Biden’s approval rating is at an all-time low. Many of the jobs that Biden has taken credit for are simply people returning to jobs that have been interrupted or cut during the pandemic. This no doubt plays a part in why the president is hitting the road to gain support for his economic plan.
ABC 11 and The Associated Press contributed to this report.
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