No Doubt
Posted on 06/30/2023 6:02:35 AM PDT by MtnClimber
“I’m happy to call it ‘Bidenomics.’ And guess what? Bidenomics is working.”
In a 30-minute speech in Chicago this week, President Joe Biden declared that his economic policies — which can charitably be summed up as “borrow and spend, tax and regulate” — are doing wonders for the nation’s economy.
Never mind that just 38% of Americans approve of the job Biden has been doing on the economy.
No. The only risk we face, Biden argued, was a return of that bogeyman known as “trickle-down economics.”
“Folks, let me say this as clearly as I can,” Biden said. “The trickle-down approach failed the middle class. It failed America. It blew up the deficit. It increased inequity. And it weakened the in — our infrastructure. It stripped the dignity, pride, and hope out of communities one after another, particularly through the Midwest, Western Pennsylvania, and heading west.”
Scary!
Or, it would be, if there was a shred of truth to it. The middle class made huge gains during the “trickle-down” Reagan boom and was making huge gains during the Trump boom until the Biden-backed COVID lockdowns gutted it.
Truth is, the only way Biden can make the case for “Bidenomics” is by lying. Examples:
- “U.S. has had the highest economic growth rate, leading the world economies since the pandemic.”
Except it didn’t. The U.S. ranks 146th in real GDP growth in the world so far this year, came in 151st place last year, and was 66th in 2021, according to the International Monetary Fund.
- “We created 13.4 million new jobs.”
Also false. Because almost 10 million of those were simply refilled jobs lost during the pointless COVID lockdown. Under Biden, the number of net new jobs is less than 4 million — which is nothing to brag about, given that the working-age population has grown by 6.8 million since Biden took office.
- “Americans are back to work who’ve been on the sidelines, and they want to come back.”
Another falsehood. There are almost 10 million people who’ve dropped out of the labor force as of today, which is 2.7 million higher than it was just before all the COVID lockdowns.
- “Just in my first two years in office, my team and I have reduced the deficit by $1.7 trillion.“
His biggest lie yet. As we pointed out in this space earlier, a Congressional Budget Office report released at the start of this year showed that “Biden sharply increased the deficit last year, this year, and next year, and he has set the country on course to add a total of $5.45 trillion to the federal deficit over the following decade.”...
No ethics and no brain. They are both broken.
Just depends on your definition of “working”…..
Bribenomics
Perfect! Make it stick!
Well, I my be losing weight, but I haven't starved to death yet.
So all is just swell & dandy...
mix the vomit of progressivism + the vomit of wokism + the vomit of Keynesianism in a pot and you get bidenomix
I love it!!!!
.
First cup of coffee fumble fingers.
(Or too few calories - whichever.)
Bribenomics - Outstanding !!
Okay, so Joey The Sniff LIED. Joey The Sniff ALWAYS LIES.
Other than that, his speech was thoughtful, insightful, and awe inspiring. NAH, Just Kidding. It was crap just like what’s in his head AND diaper.
Bidenomics = 1929
Biden’s speech about “Bidenomics” made me so mad I wanted to throw something at the TV. I’d like to see him confronted in a debate & faced with each of these lies & then the truth. Pretty sure he wouldn’t let that happen.
His bowels are broken, too.
It is not only that Biden spouts these lies, it’s also that his megaphone media amplifies the lies across the nation and presents them as facts. We then get headlines such as “Why do Americans Not Trust in the Great Biden Economy?” or other such trash as the author of the article tries to convince us that our economy is doing great if we would just “believe!”
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