‘Bidenomics’ is the opposite of Reaganomics

washingtontimes ^ | 11/14/2023 | Richard W. Rahn

[ChicagoConservative27]

Many people, including virtually all Republicans, properly view President Ronald Reagan as a great success.

The economy grew rapidly at an average rate of well over 4% for the last seven years of his presidency, with many millions of new high-paying jobs being created. Inflation was cut from double digits to low single digits. Much of the economy was deregulated, and entrepreneurial freedom was restored. The military was rebuilt. No new major wars were started.

When running for president in 1980, Reagan famously declared his foreign policy to end the Cold War was “we win, they lose.” Sure enough, by the end of his second term, the communist countries were sliding toward the ash bin of history. Reagan managed to accomplish all of this with a sunny, optimistic disposition and with great humor. He helped Americans feel good about themselves.

[ChicagoConservative27]

Well duh

[No name given]

And in other news, water💧is wet.

[ProtectOurFreedom]

What exactly IS “Bidenomics”?

* High inflation
* Rapidly growing money supply
* Record high national debt
* Huge tax hikes
* $1.5 trillion annual deficits
* Massive growth of anti-business regulations and environmental laws
* Pushing the folly of “green” energy that will never work backed by gargantuan federal subsidies
* Canceling student loan contracts
* Flooding the labor market with unskilled, below-minimum-wage workers from south of the (now non-existent) border
* Reversing every single Trump economic, energy and immigration policy

It is a colossal steaming pile of excrement. None of it works except for the elites at the top of the food chain. The middle class is being severely hollowed out.

I probably missed a bunch, too.

[SaveFerris]

For any Democrat acquaintances

[TexasFreeper2009]

Bidonomics is nothing more than hide in your basebase and hope things turn around on their own at which point you emerge and claim credit.

[joshua c]

the purpose of bidenomics is to destroy capitalism and impose a woke collectivist ideology

in that light

bidenomics is a success

[Iron Munro]

[Jane Long]

IM....that...is...spot on!!

[fhayek]

I would add maybe funding a colossal war against Russian in Ukraine. A war that shows no sign of ending, but certainly appears to be lucrative for the elites who get their ‘10% off the top’.

[ProtectOurFreedom]

Yes, absolutely. It recalls the January 17, 1961 warning by Dwight D. Eisenhower in his televised farewell address about the increasing power of the military-industrial complex.