Biden: "Don't Bet Against the US"

U.S. President Joe Biden repeatedly emphasized that no one should bet against the United States, highlighting the country's economic achievements. His remarks drew particular attention as they came shortly after Sing Haiming, the Chinese Ambassador to South Korea, told the leader of the South Korean opposition party that betting on an 'American victory and Chinese defeat' was a mistaken judgment amid the accelerating U.S.-China hegemonic competition.

[Image source=Yonhap News]

On the 8th (local time), President Biden underscored his economic policy achievements in an op-ed titled "Never Bet Against the American Economy" published in The Wall Street Journal (WSJ). The phrase "betting against America is not a good bet" is a frequent expression Biden uses to emphasize U.S. economic superiority.

He cited accomplishments since taking office in 2021, including ▲the creation of over 13 million jobs ▲an unemployment rate below 4% ▲a 3.4% increase in real income for the bottom 50% of earners, explaining that "the recovery of the American economy has been stronger than that of any major economy."

Specifically, he mentioned key legislation pushed by the Biden administration such as the Infrastructure Investment and Jobs Act, the CHIPS and Science Act (CSA), and the Inflation Reduction Act (IRA), stating that "these laws are laying the foundation for sustainable and resilient long-term growth that can win the economic competition of the 21st century."

He added, "Our administration will continue to strengthen the competitiveness and resilience of markets and industries," emphasizing, "The work is not finished yet, and there may be temporary setbacks along the way. But the progress made over the past two years reaffirms my firm belief that betting against America or Americans is never a good bet."

Earlier, President Biden made similar remarks at his State of the Union address earlier this year and during his visit to the SK Siltron CSS plant in Michigan last November. He also made such comments during his 2013 visit to South Korea as Vice President. At that time, the remarks sparked controversy domestically as the Park Geun-hye administration appeared to be strengthening cooperation with China.

Meanwhile, Sing Haiming, the Chinese Ambassador to South Korea, met with Lee Jae-myung, leader of the Democratic Party of Korea, the day before and stated that betting on an "American victory and Chinese defeat" was a mistaken judgment. He said, "In a situation where the U.S. is exerting full pressure on China, some are betting that the U.S. will win and China will lose," adding, "This is clearly a mistaken judgment."

This content was produced with the assistance of AI translation services.