Democrats are starting to realize that the term “Bidenomics,” which was initially used to brag about Joe Biden’s economic accomplishments, has now become synonymous with inflation, unemployment, and skyrocketing gas prices. It seems that Americans are not buying into this narrative.
White House press secretary Karine Jean-Pierre has been trying to convince everyone that Bidenomics is a success, even though the US economy is on the brink of a depression. She recently dismissed concerns about the state of the economy when confronted by CNN host Victor Blackwell, who pointed out that Americans are not happy with Bidenomics.
But the reality is that 61% of Americans are living paycheck-to-paycheck and 75% think the economy is in a “fair” or “poor” state, according to polls. It’s clear that the White House’s push on Bidenomics is a political failure, as Democrats themselves have admitted to Politico.
Democratic Nevada Rep. Steven Horsford said that the focus should be on the people who are benefiting from the policies, not on branding the economy with the president’s name. He emphasized the need to frame the economy in a way that resonates with everyday Americans.
Even a former spokesperson for first lady Jill Biden, Michael LaRosa, questioned the wisdom of branding an economy that hasn’t fully recovered yet. He argued that people need to see and feel an improvement in their own bank accounts, regardless of how loudly the White House claims the economy is doing better.
Despite growing concerns among Democrats, White House aides have dismissed them, saying it’s too early to judge Bidenomics and that some Americans just don’t feel the positive effects yet. They also believe that highlighting the differences between Biden’s economic policies and those of former President Donald Trump will change people’s perceptions.
Trump himself has been vocal about his criticism of Bidenomics, calling it “inflation, taxation, submission, and failure.” He pointed out that under his administration, gas prices, mortgage rates, and inflation were all more favorable. He also highlighted the fact that real incomes have actually gone down under Biden, while they went up under his own presidency.
So it seems that the term “Bidenomics” has taken on a whole new meaning, one that Democrats are desperately trying to distance themselves from. But the reality of the economic situation cannot be ignored, and Americans are feeling the effects of it in their daily lives.