Biden says his team will create recovery for all, get economy moving again

Introducing his high-profile and experienced team to nation, US President-elect Joe Biden Tuesday exuded confidence that it will create a recovery for all and get country's ecomy moving again. His ecomic team includes Janet Yellen as Treasury Secretary, Indian-American Neera Tanden as Director of Office of Manment and Budget, Wally eyemo as Deputy Secretary of Treasury, Cecilia Rouse as Chair of Council of Ecomic visers, and Jared Bernstein and Hear Boushey as members of Council of Ecomic visers.

“Let me be clear, with this team and ors who we will d in weeks ahe, we will create a recovery for all and get this ecomy moving again,” Biden said at his transition hequarters in Wilmington, Delaware.

“We will create jobs, raise incomes, reduce drugs prices, vance racial equity across ecomy, and restore backbone of this country - middle class. Our mess to everyone struggling right w is this, help is on way,” he said.

Anuncing key minations and appointments to critical ecomic positions in ministration, Biden described m as a first-rate team that will steer country through ongoing ecomic crisis and help build ecomy back better than before. “This team is tested and experienced. It includes groundbreaking Americans who come from different backgrounds but share my core ecomic vision that given a fair shot and equal chance, re’s thing beyond capacity of American people. Let’s t forget that middle class built this country and unions built middle class,” he said.

“And from most unequal ecomic and jobs crisis in modern history, we can build a new American ecomy that works for all Americans. But we need to act w. And we have to work toger,” he ded.

“For millions of Americans who have lost ir jobs or hours and have h to claim unemployment, we have to deliver m immediate relief. This includes affordable health care for millions of people who have lost it or are in danger of losing it. Child care, sick leave, family leave, so workers don’t have to choose between work and family,” he said.

“Relief from rent and student loans. We need to support small businesses and entrepreneurs that form backbone of our communities but are teetering on edge. re’s an urgent need to fund states and cities, so y can keep frontline workers on job. “We must keep vital public services running — law enforcement officers, firefighters, educators — as we did with Recovery Act in 2009,” Biden said.

Biden said that full Congress should come toger and pass a robust pack of relief that dresses se urgent needs. But any pack passed in lame duck session is likely to be at best just start. “My transition team is alrey working on what I will put forward for next Congress to dress multiple crises we are facing — especially our ecomic and COVID crises. And team I’m anuncing today will play a critical role in shaping our plan for action starting on Day One to move fast and revive ecomy,” he said.

“y will help layout my Build Back Better plan; a plan that an independent analysis by Moody’s, a well-respected Wall Street firm - projects will create 18.6 million jobs. It’s based on a simple premise: reward hard work in America t wealth. It’s time we invest in infrastructure, clean energy and climate change, manufacturing, and so much more that will create millions of good paying American jobs,” he said.

“And it’s time we dress structural inequalities in our ecomy that pandemic has laid bare. Ecomists call current recovery ‘K-shaped’. Like two lines coming out of a K, some people are seeing ir prospects soar up while most ors are watching ir ecomic well-being drop sharply. For those at top, jobs have come back and ir wealth is rising,” he ded.  

(Im Credits: AP)