Comment Comment - ‘Bidenomics’ Is Trash. The Definitive Guide

My video from Friday on Donald Trump’s ‘to-do’ list received some interesting comments. One of them challenged my statement in the video that Biden’s economic policies are trash. So, rather than type out a novel, here’s a video detailing why I think ‘Bidenomics’ is hot garbage.

Cheers!

Like the video if you agree…comment if you don’t.

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SOURCES:

Win to Donald Trump
Low interest rates.
https://www.fedprimerate.com/prime_rate_history-monthly.htm
Jan 2020 4.75
Jan 2024 8.50
- Presidents don’t control interest rates. Interest rates are usually dictated by economic factors such as federal debt levels, deficit spending, consumer confidence, unemployment rates, etc
- Super low interest rates are not an automatic good. They penalize savings and therefore push more and more capital into investment vehicles which can carry larger risk

Tie between Biden and Trump
Low unemployment
https://www.bls.gov/opub/mlr/2021/article/unemployment-rises-in-2020-as-the-country-battles-the-covid-19-pandemic.htm
Jan 2020 4.9
https://www.bls.gov/opub/ted/2024/home.htm
Dec 2023 3.7
https://www.bls.gov/cps/cps_htgm.htm
https://www.britannica.com/story/how-is-the-us-unemployment-rate-calculated
https://unemploymentdata.com/current-u6-unemployment-rate/
Comparison of U6 unemployment (capturing part-time unemployment detail)

Trump Win - Biden consolation prize
Low inflation
https://www.usinflationcalculator.com/inflation/current-inflation-rates/
2020 1.4
2023 3.4
https://www.youtube.com/watch?v=AaR1mPrdbTc
Kahn academy explainer
https://www.nytimes.com/2022/05/24/technology/inflation-measure-cpi-accuracy.html
NY times on how inflation calculation has changed

Trump Win
Low gas prices
https://www.finder.com/gas-prices
Jan 2020 $2.57
Jan 2024 $3.06

Biden Win
High stocks
Google
Jan 2020 $3,265
Jan 2024 $4,839

Trump Win
Increased employee wages
https://www.statista.com/statistics/1351276/wage-growth-vs-inflation-us/
Wage growth compared to inflation

Median household income
https://www.census.gov/library/publications/2020/demo/p60-270.html
2019 - $68,703
https://dqydj.com/average-median-top-household-income-percentiles/
2023 - $74,202

Commentary
https://thehill.com/opinion/finance/4149424-bidenomics-has-failed-both-as-a-policy-and-as-a-slogan/
https://www.forbes.com/sites/benkoltun/2023/06/23/why-bidenomics-vs-bidenflation-is-a-battle-for-voters-and-markets/?sh=44a7d5e463c9
https://insights.som.yale.edu/insights/the-critics-of-bidenomics-are-being-proven-wrong