Joe Biden hits ‘trickle-down economics’ whereas talking at Maine textile firm

AUBURN, Maine — Lauding the work achieved at a textile firm right here that has fought a commerce struggle with China, President Joe Biden attacked “trickle-down economics” in a historic manufacturing area of Maine.

The journey was Biden’s first Maine journey of his presidency and a part of the Democrat’s effort to burnish his financial file regardless of political struggles forward of the 2024 election. He has been touring the nation to tout the 800,000 manufacturing jobs since he took workplace in 2021.

That is each an necessary subject and a bugaboo in Maine, which has misplaced almost half its manufacturing jobs because the early Nineteen Nineties. The state continues to be mired in a gradual transition from legacy industries to rising high-tech ones. Whereas the White Home touted 1,200 extra manufacturing jobs right here on Biden’s watch, the sector has misplaced jobs right here over the previous yr.