Posted on 07/25/2023 11:44:06 AM PDT by ChicagoConservative27
All administrations search for a slogan to mobilize support and communicate with the public. For Donald Trump it was “Make America Great Again.” For Joe Biden it is “an economic policy for the middle class” — or, in shorthand, “Bidenomics.”
Rooted in the philosophical foundation of the Democratic Party with its pro-labor, pro-union, Big Government orientation, Bidenomics is the polar opposite of the Reaganomics that President Biden and his acolytes increasingly lambast. While Reaganomics has been out of favor for some time now, since “trickle down” economics never panned out, the Reagan years are still hailed as one of the longest and strongest periods of growth in the history of the U.S. Inflation and interest rates were cut in half, and more than 20 million jobs were created. Nevertheless, there were many in the middle class who did not benefit from these policies.
For Bidenomics, the picture to date is a mixed one.
(Excerpt) Read more at thehill.com ...
Yes. It did not pan out for the gimmeedats.
I’m surprised to see someone talk about Reaganomics, since today it is trashed by both sides. But it’s better than what we’ve had in the 2000s. Clinton benefitted from a great economy because of Reaganomics.
Actually, it did. The economy benefits everyone.
Reaganomics versus Bidenomics: Which is better? Simple to answer: Just look at the average American citizens’ economic well-being under Reagan versus today. Adjusted for inflation, the answer is clear.
A false choice if ever there was one. Ronald Reagan had a deep understanding of macroeconomics and how too much Government displaces the private economy.
For that, he deserved to have an economic school of thought named after him.
Joe Biden is the demented head of a crime family who, due to his utter lack of scruples or common decency, serves well as a useful puppet to wealthy tyrants.
There is no unique “Bidenomics” - only the garden variety of evil and stupid.
Bidenomics = government jobs, more government jobs, and a great expansion of the unholy State. Private sector be damned.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.