U.S. President Joe Biden on Wednesday will tout his “Bidenomics” agenda, contrasting his economic vision with that of so-called “MAGA” Republicans, in remarks at CS Wind, the world’s largest wind tower manufacturer, in Pueblo, Colorado.
CS Wind is expanding with a new $190 million facility that it directly attributes to the passage of 2022’s Inflation Reduction Act, Biden’s signature climate and energy bill. The company said the expansion is set to be completed in 2028 and will create 850 jobs.
Pueblo is a district represented by Republican Representative Lauren Boebert, a supporter of former President Donald Trump’s Make America Great Again agenda and a harsh critic of Biden’s economic policies. Boebert voted against passing the IRA, calling it “dangerous for America.”
“I am very proud of the work that CS Winds is doing there in Pueblo and the jobs that they’re creating,” Boebert said during an interview Tuesday with local network KKTV. “But as I stated, this will cost the taxpayers overall from the Inflation Reduction Act hundreds of billions of dollars. This bill was a complete scam.”
In a statement, the White House said that Biden is “delivering on his promise to create opportunities and jobs in communities too often left behind, while self-described MAGA Republicans like Representative Lauren Boebert continue to undermine their constituents by trying to block the President’s agenda.”
His remarks highlighting Bidenomics come as Americans rate the president poorly on his handling of the economy. Only 32% of those polled approve of Biden’s handling of the economy, according to a Gallup poll released Tuesday. His approval rating remains at 37%.
With many voters saying the economy is a top concern in the 2024 election, the White House has been ramping up messaging that Biden’s economic policies have steered the country away from recession, highlighting positive economic growth, a declining rate of inflation and continued low unemployment.
U.S. inflation continues to fall and is lower than in comparable economies in Europe. However, after a two-year period of the highest inflation in decades, Americans are feeling the pain from prices of goods that are still higher than they were four years ago. They’re also finding it difficult to find affordable credit, as the Federal Reserve imposes higher interest rates to fight inflation.