The truth about Bidenomics

The truth about Bidenomics

Joe Biden is trying to coin the phrase "Bidenomics" to describe what I can only imagine as a parallel universe where he believes the U.S. economy is thriving thanks to his economic policies.

https://rumble.com/v2zrisc-the-truth-about-bidenomics.html

Unfortunately for all of us, the reality doesn't match his perception.

Both on Twitter and during a speech in Chicago, Biden repeatedly touted "Bidenomics" as he attempts to sell Americans on his economic record. For example, in one tweet he (or his handlers) wrote:

"We’ve added over 13 million jobs – more jobs in two years than any president has added in a four-year term. And that’s no accident. That’s Bidenomics."

While technically true, most of these jobs were due to post-pandemic return to office - not newly created jobs.

The entire "Bidenomics" schtick is built on lies and misdirection.

Here are 5 facts that expose "Bidenomics"

📈 Rampant inflation: The U.S. has had 4% or higher inflation for 26 straight months under Joe Biden, peaking at 9.1% in June 2022. In the four years prior, it averaged roughly 2%.

🔒 Overregulation: The regulations that Biden has put on the American economy have cost Americans roughly $10,000 per household.

💳 Credit card debt: Americans have roughly $1 trillion in credit card debt - a $250 billion increase since Biden took office.

⛽️ Gas prices: Joe Biden handed Americans a new record-high national average of $5.01 last summer. And while it's now down to $3.54, that's still considerably higher than the $2.37 average when Trump left office.

📉 Declining wages: Real average hourly earnings have fallen 3.16% during Biden's presidency, according to the Bureau of Labor Statistics.

And the American public knows "Bidenomics" is BS. A recent Fox News poll found that just 20% of Americans say Biden's economic policies are helping them.

[Source: WSJ, Fox News, Statista, EIA, The Hill]

https://www.wsj.com/articles/bidenomics-joe-biden-average-hourly-earnings-bureau-of-labor-statistics-8d4b1545
https://www.foxnews.com/politics/biden-regulations-cost-americans-10000-per-household-study
https://www.statista.com/statistics/273418/unadjusted-monthly-inflation-rate-in-the-us
https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=EMM_EPMR_PTE_NUS_DPG&f=W
https://thehill.com/business/personal-finance/4023009-americans-owe-1-trillion-in-credit-card-debt