Bidenomics
NOUN
Bidenomics is about blind faith in government spending and regulations.
It's an economic disaster where government causes decades-high inflation, high gas prices, lower paychecks, and crippling uncertainty that leaves Americans worse off.
BIDENOMICS
The term "Bidenomics" is used to describe the economic policies of President Joe Biden. These policies have been criticized by economists and politicians as being a failure, citing factors such as:
High inflation: The inflation rate in the United States has reached its highest level in 40 years, and some economists believe that Biden's policies have contributed to this.
Stagnant wages: Wage growth has not kept pace with inflation, meaning many Americans are worse off financially than before Biden took office.
Increased national debt: The national debt has grown significantly under Biden, and some economists believe that this will eventually lead to higher interest rates and slower economic growth.
Supply chain disruptions: The COVID-19 pandemic has caused significant disruptions to global supply chains, and some economists believe that Biden's policies have worsened these disruptions.
The current situation in the United States is very reminiscent of the days when Jimmy Carter was in the White House. Our economy didn’t begin to improve until Ronald Reagan took office. Our current situation won’t improve until Biden is kicked out.