Biden's message, disseminated from the White House, seeks to undermine a potent Republican criticism of the president before next year's election.Biden is poised to announce new competition policies during a competition council meeting Wednesday, which the White House says are aimed at helping entrepreneurs and small-business owners. But Alfredo Ortiz, president and CEO of Job Creators Network, criticized the council for prioritizing"style over substance.
Rachel Snyderman, the Bipartisan Policy Center's economic program director, repeated that"protecting America’s role as a global economic leader requires supporting our small-business owners, innovators, and entrepreneurs." "That's what the president's going to be focused," she said."I'm just not going to speak to the hearing that's happening tomorrow. We won't comment from here."
At the same time, 3% of small-business owners consider broader economic conditions to be excellent. Eighteen percent perceive the economy to be good, 34% fair, and 44% poor. Ninety-one percent of small-business owners remain concerned about inflation, and 31% are confident the Federal Reserve can decrease consumer prices.
"I came to office determined to build the economy from the middle out and bottom up, not the top down — that’s Bidenomics — and supporting small business has been central to the progress we’ve made," Biden said Tuesday."My first two years saw the most Americans applying to start small businesses of any on record."