You might be struggling financially right now, but the White House says there's no recession

According to Morgan Stanley, President Joe Biden’s economic policies are driving an unexpected surge in the U.S. economy that is so impressive that the bank was forced to make a “sizable upward revision” to its estimates for U.S. gross domestic product

That’s good news America.

Who or what is Morgan Stanley? Morgan Stanley is an American multi-international investment bank and financial services company, headquartered in Midtown Manhattan in New York City. The firm provides investment banking products and services to its clients and customers, including the government, corporations, financial institutions, and individuals.

“Together we are transforming the country, not just through jobs, not just through manufacturing, but also by rebuilding our infrastructure,” Biden said on July 20 during a visit to a Philadelphia shipyard. The White House has dubbed this brick-and-mortar economic growth formula “Bidenomics,” a phrase originally used by Republicans to jab the President, who co-opted the term as a badge of honor.

In addition to his legacy, Biden has also staked his 2024 reelection bid on Bidenomics, betting that strong economic growth and a campaign built around kitchentable issues will ultimately drown out Republicans’ culture war outrage. President Biden's trip to the Naval Shipyard on July 20 was to promote his economic agenda, which includes his vision for a clean energy future and the importance of unions.

During his remarks at the Navy Yard, Biden made the important connection between rebuilding the middle class, with working toward a renewable energy future.

On hand to hear from the President in person were union representatives, shipyard workers, and other stakeholders in the manufacturing industry who were there to hear what President Biden had to say.