The Biden administration has used the power of the federal government to begin to unwind the trickle-down economy that between 1981 and 2021 transferred $50 trillion from the bottom 90% of the U.S. to the top 1%, hollowing out the middle class. The result has been solid economic growth of 5.7% in 2021, 1.9% in 2022, and 2.5% in 2023.