US President Joe Biden delivers a legacy speech at the Brookings Institution, Washington, on December 10. EPA
US President Joe Biden delivers a legacy speech at the Brookings Institution, Washington, on December 10. EPA
US President Joe Biden delivers a legacy speech at the Brookings Institution, Washington, on December 10. EPA
US President Joe Biden delivers a legacy speech at the Brookings Institution, Washington, on December 10. EPA

Biden promotes economic record and warns of possible disaster under Trump


Jihan Abdalla
  • English
  • Arabic

US President Joe Biden on Tuesday gave a legacy speech promoting his administration's economic achievements and warning against “disaster” under a second Donald Trump term.

Speaking at the Brookings Institution in Washington, Mr Biden said that 16 million jobs were created in his term, while the nation achieved its lowest unemployment rate in 50 years and the smallest racial wealth gap in two decades.

The speech comes a month after Mr Biden's Democratic Party suffered a bruising defeat at the polls to Mr Trump, driven by voters' concerns over inflation, particularly the high costs of food and housing.

“Most economists agree the new administration is going to inherit a fairly strong economy, at least at the moment; an economy going through fundamental transformation that's laid out a stronger foundation and sustainable, broad-based, highly productive growth,” Mr Biden said. “It is my profound hope that the new administration will preserve and build on this progress.”

Mr Biden, who leaves office on January 20, said his administration had adopted “the middle-out and the bottom-up” approach, which benefits the middle and lower class. He contrasted it with decades of “trickle-down” economics under Republican administrations, which he said only benefitted the wealthy.

He said he took over after a Trump administration that had no plan to deal with the economic fallout of the Covid pandemic. Mr Biden also blamed his predecessor for slashing taxes for the wealthy and moving jobs offshore, as well as undermining unions – all of which further worsened economic conditions in the US, he said.

He said Mr Trump's campaign pledge to impose sweeping tariffs on foreign goods would be a “major mistake”.

“I pray to God the president-elect throws away Project 2025. I think it'd be an economic disaster for us and to the region,” he said, referring to the 900-page conservative policy blueprint for a second Trump presidency.

While Mr Biden worked as a bipartisan leader, he said the investments under his landmark Inflation Reduction Act have gone to more Republican “red” states than Democratic “blue” states.

He said that while it was the right thing to do for the country, it was not “a politically smart thing to do".

Mr Biden also in his speech spoke of measures he passed to lower drug prices, and eliminate “junk” fees.

Despite the US economy showing strength across all major economic indicators, including a drop in inflation, Americans continue to see high costs in food, housing and fuel, which they have blamed on Mr Biden.

In numbers: China in Dubai

The number of Chinese people living in Dubai: An estimated 200,000

Number of Chinese people in International City: Almost 50,000

Daily visitors to Dragon Mart in 2018/19: 120,000

Daily visitors to Dragon Mart in 2010: 20,000

Percentage increase in visitors in eight years: 500 per cent

The Perfect Couple

Starring: Nicole Kidman, Liev Schreiber, Jack Reynor

Creator: Jenna Lamia

Rating: 3/5

ACL Elite (West) - fixtures

Monday, Sept 30

Al Sadd v Esteghlal (8pm)
Persepolis v Pakhtakor (8pm)
Al Wasl v Al Ahli (8pm)
Al Nassr v Al Rayyan (10pm)

Tuesday, Oct 1
Al Hilal v Al Shorta (10pm)
Al Gharafa v Al Ain (10pm)

The biog

DOB: March 13, 1987
Place of birth: Jeddah, Saudi Arabia but lived in Virginia in the US and raised in Lebanon
School: ACS in Lebanon
University: BSA in Graphic Design at the American University of Beirut
MSA in Design Entrepreneurship at the School of Visual Arts in New York City
Nationality: Lebanese
Status: Single
Favourite thing to do: I really enjoy cycling, I was a participant in Cycling for Gaza for the second time this year

Dubai World Cup factbox

Most wins by a trainer: Godolphin’s Saeed bin Suroor(9)

Most wins by a jockey: Jerry Bailey(4)

Most wins by an owner: Godolphin(9)

Most wins by a horse: Godolphin’s Thunder Snow(2)

MATCH INFO

Asian Champions League, last 16, first leg:

Al Jazira 3 Persepolis 2

Second leg:

Monday, Azizi Stadium, Tehran. Kick off 7pm

MOUNTAINHEAD REVIEW

Starring: Ramy Youssef, Steve Carell, Jason Schwartzman

Director: Jesse Armstrong

Rating: 3.5/5

What vitamins do we know are beneficial for living in the UAE

Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.

THREE POSSIBLE REPLACEMENTS

Khalfan Mubarak
The Al Jazira playmaker has for some time been tipped for stardom within UAE football, with Quique Sanchez Flores, his former manager at Al Ahli, once labelling him a “genius”. He was only 17. Now 23, Mubarak has developed into a crafty supplier of chances, evidenced by his seven assists in six league matches this season. Still to display his class at international level, though.

Rayan Yaslam
The Al Ain attacking midfielder has become a regular starter for his club in the past 15 months. Yaslam, 23, is a tidy and intelligent player, technically proficient with an eye for opening up defences. Developed while alongside Abdulrahman in the Al Ain first-team and has progressed well since manager Zoran Mamic’s arrival. However, made his UAE debut only last December.

Ismail Matar
The Al Wahda forward is revered by teammates and a key contributor to the squad. At 35, his best days are behind him, but Matar is incredibly experienced and an example to his colleagues. His ability to cope with tournament football is a concern, though, despite Matar beginning the season well. Not a like-for-like replacement, although the system could be adjusted to suit.

The Details

Kabir Singh

Produced by: Cinestaan Studios, T-Series

Directed by: Sandeep Reddy Vanga

Starring: Shahid Kapoor, Kiara Advani, Suresh Oberoi, Soham Majumdar, Arjun Pahwa

Rating: 2.5/5 

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How to watch Ireland v Pakistan in UAE

When: The one-off Test starts on Friday, May 11
What time: Each day’s play is scheduled to start at 2pm UAE time.
TV: The match will be broadcast on OSN Sports Cricket HD. Subscribers to the channel can also stream the action live on OSN Play.

In Search of Mary Shelley: The Girl Who Wrote Frankenstein
By Fiona Sampson
Profile

Yahya Al Ghassani's bio

Date of birth: April 18, 1998

Playing position: Winger

Clubs: 2015-2017 – Al Ahli Dubai; March-June 2018 – Paris FC; August – Al Wahda

Updated: December 10, 2024, 10:43 PM