During a fundraising event for his 2024 re-election campaign, President Joe Biden highlighted the importance of immigration to the U.S. economy and criticized xenophobia in other countries. He pointed out that China, Japan, Russia, and India are experiencing economic challenges due to their anti-immigrant attitudes, contrasting them with the U.S. that welcomes immigrants as a source of economic strength.
President Biden has been vocal about condemning anti-immigrant rhetoric, particularly in the context of the upcoming presidential election. He has emphasized the importance of building economic and political relationships with countries like Japan and India to counter global powers such as China and Russia.
The International Monetary Fund recently forecasted slowing growth rates for these countries in the coming years, with Japan expected to grow by 0.9% and India by 6.8%. In comparison, the United States is forecasted to grow at 2.7%, partly due to the positive impact of immigrants on the labor force.
President Biden has emphasized that immigration is not only important for economic growth but also for building strong relationships with key allies.
He pointed out that migration-led growth has been key to the U.S. economy outperforming others and has contributed to its overall economic success.
By advocating for a pro-immigrant stance, President Biden hopes to promote economic growth and strengthen ties with key allies while condemning anti-immigrant rhetoric in other countries.
In conclusion, President Biden’s message is clear: Immigration is crucial for economic success and building strong relationships with key allies. By emphasizing this point during his fundraising event, he hopes to rally support for his re-election campaign while promoting a pro-immigrant stance that benefits both the U.S. economy and global relations.