Bidenomics boosters in the media and on Wall Street are everywhere to be seen these days, selling the election-year idea that our president's economic policies have somehow triumphantly raised our economy Phoenix-like from the ashes.
Bidenomics isn't a coherent philosophy, founded on clear principles; it's a marketing strategy, a series of policy moves intended to move America ever-closer to socialism.
Since the advent of the Bidenomics binge, prices have surged by nearly 18% overall, and closer to 30% for energy and food, key staples for the average American family.
Here's how well Bidenomics "Is working": In our January I&I/TIPP Poll, two-thirds of Americans said they now live "Paycheck to paycheck," and another quarter said they have zero savings for emergency.
"Yet we only got half that in GDP - about $600 billion. In other words, everything else shrank. It's even worse for that brave and stunning Q4 - there we got just $300 billion in extra GDP for - wait for it - $834 billion of new federal debt."
"(W)hile Q4 GDP rose by $329 billion to $27.939 trillion over the same time period, the U.S. budget deficit rose by more than 50%, or $510 billion the increase in public U.S. debt in the same three month period was a stunning $834 billion, or 154% more than the increase in GDP. In other words, it now takes $1.55 in budget deficit to generate $1 of growth and it takes over $2.50 in new debt to generate $1 of GDP growth!".
Bidenomics failure COVID lockdowns economic growth Featured socialism coercion.
https://issuesinsights.com/2024/02/02/the-bidenomics-worked-sham-kicks-into-high-gear-for-2024/
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