President Joe Biden delivered a speech on Tuesday, January 26th, in which he highlighted the economic progress made since he took office and took aim at Republicans for their policies.

The speech, which was held at a union hall in Virginia, was streamed live on Fox Business. In it, Biden discussed the growth of jobs and slowing inflation rates, while also hammering Republicans for their tax and healthcare policies.

“We have to be honest with ourselves,” Biden said. “The Republican policies of the last four years put us in a deep hole. We’re still digging ourselves out.”

The president also discussed the American Rescue Plan, which he said would help to further stimulate the economy and create jobs. He also touted the success of the Paycheck Protection Program, which has helped to keep small businesses afloat during the pandemic.

The speech comes as Biden’s 2024 re-election campaign looms on the horizon, and as the US economy continues to show signs of recovery. According to a report from The New York Times, Biden is hoping to use the speech to demonstrate his commitment to economic growth and to contrast his policies with those of his Republican predecessors.

Biden’s speech also comes as the US braces for a possible recession, with the economy showing signs of slowing. According to POLITICO, the US economy grew by 0.7 percent in the fourth quarter of 2020, but is expected to slow down in the coming months.

Overall, Biden’s speech was well-received, with many praising the president’s commitment to economic growth and job creation. With the 2024 election looming, it’s clear that Biden is hoping to use the speech to demonstrate his commitment to economic progress and to contrast his policies with those of his Republican predecessors.