In response, Biden has been trying to highlight the ways his administration is trying to bolster unions and help working people, even as he takes heat for rising prices.
“When you do well, everybody does well,” he said. “If investment bankers — they’re not all bad guys, they’re not bad — but if they went on strike, not a whole hell of a lot would happen. But guess what? Guess what? I tell this to my buddy, if the IBEW went on strike, everything shuts down.”
Like Fetterman, Biden touted his support for the PRO Act, and also for creating jobs by updating infrastructure and investing in green energy projects — saying that his bipartisan infrastructure law was “about more than rebuilding our infrastructure, it’s about rebuilding the middle class.”
The president said his administration is working globally to release stores of oil and grain. He also pitched the idea that cost savings for working people could come from other areas, like caps on the price of insulin, federally-funded childcare — part of the stalled Build Back Better plan —and tax credits to help people pay to make their homes more energy efficient.
He said that given the presidency and majorities in Congress, Republicans would support ending or dramatically restricting federal programs — referencing a fringe plan from Florida Republican Sen. Rick Scott, who chairs the National Republican Senatorial Committee, to sunset almost all federal laws after five years if Congress doesn’t extend them.
And he repeatedly slammed the previous administration for its tax cuts that overwhelmingly benefitted the very rich over the middle class, and blamed Republicans for his inability to roll them back. Some members of his own party also resisted the rollback.
“Look, we can do all this,” he said. “All I’m asking is for the largest corporations and the wealthiest Americans to begin to pay their fair share in taxes. I’m deadly earnest.”
The speech also comes as the administration could be on the brink of conflict with labor unions over how to address inflation.