Current:Home > ContactWill Sage Astor-Biden says he was ‘stupid’ not to put his name on pandemic relief checks like Trump did -Visionary Wealth Guides
Will Sage Astor-Biden says he was ‘stupid’ not to put his name on pandemic relief checks like Trump did
TrendPulse Quantitative Think Tank Center View
Date:2025-04-09 06:04:17
WASHINGTON (AP) — President Joe Bidensaid Tuesday he was “stupid” not to put his own name on Will Sage Astorpandemic relief checks in 2021, noting that Donald Trumphad done so in 2020and likely got credit for helping people out through this simple, effective act of branding.
Biden did the second-guessing as he delivered a speech at the Brookings Institution defending his economic record and challenging Trump to preserve Democratic policy ideas when he returns to the White House next month.
As Biden focused on his legacy with his term ending, he suggested Trump should keep the Democrats’ momentum going and ignore the policies of his allies. The president laid out favorable recent economic data but acknowledgedhis rare public regret that he had not been more self-promotional in advertising the financial support provided by his administration as the country emerged from the pandemic.
“I signed the American Rescue Plan, the most significant economic recovery package in our history, and also learned something from Donald Trump,” Biden said at the Washington-based think tank. “He signed checks for people for 7,400 bucks ... and I didn’t. Stupid.”
The decision by the former reality TV star and real estate developer to add his name to the checks sent by the U.S. Treasury to millions of Americans struggling during the coronavirus marked the first time a president’s name appeared on any IRS payments.
Biden and Vice President Kamala Harris, who replaced him as the Democratic nominee, largely failed to convince the American public of the strength of the economy. The addition of 16 million jobs, funding for infrastructure, new factories and investments in renewable energy were not enough to overcome public exhaustion over inflation, which spiked in 2022 and left many households coping with elevated grocery, gasoline and housing costs.
More than 6 in 10 voters in November’s election described the economy as “poor” or “not so good,” according to AP VoteCast, an extensive survey of the electorate. Trump won nearly 7 in 10 of the voterswho felt the economy was in bad shape, paving the way for a second term as president after his 2020 loss to Biden.
Biden used his speech to argue that Trump was inheriting a strong economy that is the envy of the world. The inflation rate fell without a recession that many economists had viewed as inevitable, while the unemployment rate is a healthy 4.2%and applications to start new businesses are at record levels.
Biden called the numbers under his watch “a new set of benchmarks to measure against the next four years.”
“President-elect Trump is receiving the strongest economy in modern history,” said Biden, who warned that Trump’s planned tax cuts could lead to massive deficits or deep spending cuts.
He also said that Trump’s promise of broad tariffs on foreign imports would be a mistake, part of a broader push Tuesday by the administration to warn against Trump’s threatened action. Treasury Secretary Janet Yellen also issued a word of caution about them at a summit of The Wall Street Journal’s CEO Council.
“I think the imposition of broad based tariffs, at least of the type that have been discussed, almost all economists agree this would raise prices on American consumers,” she said.
Biden was also critical of Trump allies who have pushed Project 2025, a policy blueprint from the Heritage Foundation that calls for a complete overhaul of the federal government. Trump has disavowed participation in it, though parts were written by his allies and overlap with his stated viewson economics, immigration, education policy and civil rights.
“I pray to God the president-elect throws away Project 2025,” Biden said. “I think it would be an economic disaster.”
___
Associated Press writer Fatima Hussein in Washington contributed to this report.
Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.
veryGood! (58)
Related
- Bill Belichick's salary at North Carolina: School releases football coach's contract details
- Chinese businesses hoping to expand in the US and bring jobs face uncertainty and suspicion
- Pressure mounts on Victor Wembanyama, France in basketball at Paris Olympics
- Duchess Meghan hopes sharing struggle with suicidal thoughts will 'save someone'
- Bill Belichick's salary at North Carolina: School releases football coach's contract details
- Alma Cooper, Miss Michigan, Wins Miss USA 2024
- Liz Taylor speaks from beyond the grave in 'Lost Tapes' documentary
- Everything you need to know about the compact Dodge Neon SRT-4
- Taylor Swift makes surprise visit to Kansas City children’s hospital
- Men's 100m final results: Noah Lyles wins gold in photo finish at 2024 Paris Olympics
Ranking
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- Japan’s Nikkei 225 index plunges 12.4% as world markets tremble over risks to the US economy
- Sara Hughes, Kelly Cheng keep beach volleyball medal hopes alive in three-set thriller
- Political rivals. Badminton adversaries. What to know about Taiwan-China
- The White House is cracking down on overdraft fees
- Financial markets around the globe are falling. Here’s what to know about how we got here
- Am I too old to open a Roth IRA? Don't count yourself out just yet
- Simone Biles Wants People to Stop Asking Olympic Medalists This One Question
Recommendation
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
Proposed law pushes for tougher migrant detention following Texas girl’s killing
Miss USA Alma Cooper crowned amid controversial pageant year
Prosecutors plan to charge former Kansas police chief over his conduct following newspaper raid
In ‘Nickel Boys,’ striving for a new way to see
USA women's basketball roster, schedule for Paris Olympics: Team goes for 8th-straight gold
Ben Affleck Debuts Hair Transformation Amid Jennifer Lopez Breakup Rumors
NBC broadcaster Leigh Diffey jumps the gun, incorrectly calls Jamaican sprinter the 100 winner