US President Joe Biden (File Photo)
US President Joe Biden said that it is time to raise America’s economy above the lower and middle levels. He stressed that the United States is competing with China and other countries to get ahead in the 21st century.
New Delhi. US President Joe Biden said that it is time to raise America’s economy above the lower and middle levels. He stressed that the United States is competing with China and other countries to get ahead in the 21st century. In his first speech in a joint session of the US Congress on Wednesday night, President Biden said that the US economy will grow more than six percent faster this year, citing the International Monetary Fund. He said that this rate will be the fastest growing pace of the country in the last four decades. Addressing the countrymen, Biden said, “My countrymen, the economy which has been slowly benefitting from the top to the bottom, has never worked and now is the time when the economy should be raised from the lower and middle levels.” He said that in the first 100 days of his assuming power, he had already faced the most dangerous epidemic of the century and the worst economic crisis of the decade and now America has started moving forward once again. During his 100-day tenure in the economy, more than 13 lakh employment opportunities were created. Also read: Expenditure Secretary TV Somanathan will be the next Finance Secretary of the country, the Cabinet has approved the appointment America is moving forward, we can not stop now. We are in competition with China and other countries to conquer the 21st century. On this occasion, Biden also pleaded with the countrymen to buy American products to support the domestic economy. The American economy is changing quite rapidly. He said that the lives of the American people may collapse them, but in America people never stay down, they always stand up and move forward and this is what the American people are doing today. Currently, the relationship between the US and China is at an all-time low. These two big economies of the world are currently embroiled with each other on various issues. These include issues related to trade. Earlier this month, the Biden administration blacklisted seven Chinese supercomputers research schools and manufacturers on US exports amid increasing confrontation between the US and China over technology and security.