Posted on 02/21/2025 10:00:14 AM PST by ChicagoConservative27
Was “Bidenomics” a failure?
For many allies of former President Joe Biden, the question is sacrilege. He oversaw passage of a sweeping suite of bills that funded infrastructure projects, boosted strategic sectors, built out clean energy and helped propel the economy out of a pandemic-induced deep freeze. His electoral loss — their narrative goes — was fed by price surges largely beyond his control.
But one of the most prominent economists in the Democratic Party is arguing that the answer is, at least partially, yes: that there were areas where the Biden administration failed, and they failed because they got in their own way.
Jason Furman, the former top economist for then-President Barack Obama who now teaches at Harvard University, is wrenching open a debate about the former administration, writing in a lengthy Foreign Affairs piece that inflation was principally caused by too much government spending and that some of the White House’s key initiatives didn’t live up to what was promised.
(Excerpt) Read more at politico.com ...
“””inflation was principally caused by too much government spending and that some of the White House’s key initiatives didn’t live up to what was promised.”””
Wow. This guy must be a genius.
When you have lost Politico...you are sunk and lost without trace.
Talk about coming out of left field ....
Is that where the $2B in EPA grants associated with Stacey Abrams came from?
Still it’s funny to watch them fumbling over basic reality.
Government spending and causing the price of gas to spike by closing access to oil fields
Remember Politico’s sugar daddy cut off the funds.
I would judge the Biden administration as a massive success of pushing anti-white hate and fighting to make the world safe for perverts and dangerous for everybody else. In addition massive payouts to their political allies were gigantic successes. Remember—it is not a crime if the Democrats do it!
:-)
This coming from the Politico of all places.“
Did you not read the first paragraph? A slobbering pile of pro Biden BS.
When you have lost Politico”
I guess you didn’t the opening paragraph.
“that inflation was principally caused by too much government spending“ Paging Captain Obvious
January 2025 Monthly Budget Review which revealed that the federal budget deficit totaled $838 billion in the first four months of fiscal year 2025 (October-January). That amount is $306 billion more than the deficit recorded during the same period last fiscal year.
Note: $306 Higher than same period last year. Buckle up, folks. Prediction is a reading of 4% next. ) The msm will gleefully report bad news and blame it on Trump) The Dems would rather rule in hell than serve in Heaven.
From that dude in the article: “On the energy side, I have unqualified enthusiasm for the fact that we are producing more electricity from wind and solar.”
Yeah, if you want an efficient economy there’s nothing like adding more energy sources that are inherently intermittent and unreliable, hence requiring redundant back-ups that waste capital while sitting idle (or use impractically expensive and inefficient battery storage systems); lead to serious environmental disposal problems at the end of their useful life; and in general cause significant increases in the end-use cost of electricity to both industry and residential customers.
Notice: This economist never mentions the deficit or the debt.
Maybe he’s referring to this:
“Biden law gave states $7.5 billion for EV charging; 37 stations and 226 ports built, more to come.”
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.