Article Summary –
Ex-President Donald Trump criticized President Joe Biden’s economic policies at a May 1 rally, despite Wisconsin seeing an increase of over 188,000 jobs and a drop in unemployment rate from 4.7% to 3% since Biden’s inauguration. During Trump’s term, the state experienced a net job loss and the same was true for the country, with a net loss of nearly 3 million jobs. Since Biden took office, at least $6.9 billion in investments have been announced for Wisconsin in clean energy, semiconductor manufacturing, and infrastructure, and private businesses have announced $2 billion in commitments to projects in the state.
Trump Criticizes Biden’s Economic Agenda Despite Positive Indicators
At a campaign rally in Waukesha, Wisconsin on May 1, former President Donald Trump criticized President Joe Biden’s economic policy, while overlooking recent economic enhancements in Wisconsin and nationwide.
Trump promised to discard “Bidenomics” and replace it with his own economic strategy, ignoring the fact that Wisconsin has gained over 188,000 jobs since Biden’s inauguration in January 2021. The state’s employment count exceeded 3 million in March, reaching a peak of 3.1 million in February, as per the Wisconsin Department of Workforce Development.
Job growth is expected to persist in Wisconsin, according to economists at the department. “Employment is higher than pre-COVID-19 levels, and growth is expected to continue across all sectors,” DWD Secretary Amy Pechacek stated last April.
During Trump’s term from 2017 to 2021, Wisconsin and the country lost jobs, with a net loss of nearly 3 million jobs nationwide. The unemployment rate in Wisconsin was 4.7% when Trump left office and dropped to 3% in March.
Upon taking office, Biden implemented the American Rescue Plan, an economic stimulus strategy to encourage job growth. Wisconsin received $2.4 billion from this plan, funding initiatives like Gov. Tony Evers’ Badger Bounceback program, which granted aid to small businesses. The plan also supported child care providers, aiding up to 326,700 children in Wisconsin.
Biden further enacted the Infrastructure Investment and Jobs Act, funding nationwide infrastructure projects, and the CHIPS and Science Act, intended to attract domestic semiconductor jobs. Since Biden’s inauguration, Wisconsin has received investments of at least $6.9 billion in clean energy, semiconductor manufacturing, and infrastructure, accompanied by $2 billion in private commitments to state projects.
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