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Tags: bidenomics | effect | voter | joe biden

As Dems Prosper, 'Bidenomics' Destroys America

president joe biden surrounded by bidenomics banners
(Evan Vucci,/AP)

Nicholas Chamberas By Monday, 11 December 2023 03:14 PM EST Current | Bio | Archive

Earlier this year, President Joe Biden's team wagered that taking ownership of the term "Bidenomics" would help them politically; surely their allies in the media could push forth a creative interpretation of economic data and persuade Americans about just how "well-off" they really were.

Similar tactics may (or may not) have worked with the disastrous withdrawal in Afghanistan, yet voters have a far more direct frame of reference for the economy than they do with events thousands of miles away.

It's hard to tell a voter about how great the economy is when they're having trouble getting to work because they literally don't have any money for gas.

Team Biden is facing related travails with the renter forced to live in a space literally the size of a closet, a recent survey showing two-thirds of homeowners struggling to keep up with mortgage payments, working-class families forced to move from apartment to apartment as the once realistic goal of owning a home in America seems like a fairy tale in a land far, far away; these folks are exhausted from hearing how it's the "evil billionaires" causing their problems.

The didn't put an "evil billionaire" in charge, they sent Joe Biden to help them, and they want to know why things have gotten so much worse during his time in the Oval Office.

Joe Biden was able to pull enough working-class voters to win the White House. But now that Biden is bragging about the economy, his team is finding it's much harder to convince people how well they're doing when they can't afford to buy food. For the (alarmingly) growing number of people in this country working full time who must regularly skip meals in order to make ends meet, a rollout of how "Bidenomics" is solving their problems is more akin to adding fuel to the fire.

Clever marketing and advertising can work wonders for many useless products and ideas. Indeed, the positive coverage allotted to the Biden administration by the mainstream media would make some dictators blush. Unfortunately for Biden's team, real economic data in conjunction with the all too real burdens on working-class and middle-class families shreds the pre-election narrative of a financially prosperous nation.

While some administration allies may fault the "branding" of "Bidenomics" for failing to connect with voters, it's actually the daunting reality presented by horrendous economic figures that are failing to persuade the electorate. Let's look at some of them:

In 2022, inflation hit a 40 year high. You've probably heard the expression: "There's no such thing as an atheist in a foxhole" ... well pretty soon there will be no such thing as a Democrat in a supermarket. Food prices have risen 20% since President Biden took office. Looking at the Consumer Price Index, we find that so far during the Biden administration, prices overall have increased an astounding 17%.

President Biden is fond of talking about rising wages. Such talking points might make sense if not for the fact that inflation caused the median American worker to make less during his administration. According to an analysis by Sen. John Kennedy, R-La., weekly wages have been reduced by 3.9% during the Biden presidency.

While the Biden administration lavishes green energy companies with a program that will send them $400 billion in subsidies, our government will also spend another $900 billion in interest to service our debt from the last fiscal year.

Why are we pumping hundreds of billions of our trillions of dollars of borrowed money into an industry that is struggling even while getting massive government financial assistance? Companies such as SunPower and ONE, Our Next Energy, announced substantial workforce reductions this year.

According to a CNBC report, 61% of Americans are living from paycheck to paycheck. Based on another report in Bloomberg, middle-class Americans have lost an average of $33,000 in real wealth just this past year.

In the Biden economy, we are seeing graduates from a wide variety of disciplines forced into low paying jobs, with recent college graduates hard pressed to gain entry level jobs.

The Biden administration is banking on proposed student loan bailouts to curry favor with younger voters but is losing sight of one important fact. Of course, borrowers would probably want their debts eliminated, but even if that happened it wouldn't change the fact that recent graduates are having a heck of a time finding jobs that would be sneered at by recent grads just five years ago.

Leaders of the Democratic Party have long projected themselves as champions of working-class men and women in this country. Then we are treated to videos of Rep. Nancy Pelosi, D-Calif., eating the $12 a pint designer ice cream which is stacked high in her $24,000 refrigerator. Meanwhile, Sen. Bernie Sanders, I-Vt., rails against personal wealth while he ostensibly decides which one of his mansions he should visit next.

Families that have voted Democrat for decades are catching on. The economic policies of the Biden administration have been a mix of Big Government, and neo-corporatist failures wreaking havoc on the finances of most Americans — and the voters know it.

Nicholas Chamberas has advised good government advocacy groups, elected officials and political candidates on public policy matters as well as having served as a senior adviser on several prominent New York City campaigns. He holds a degree in Political Science and a Juris Doctor. Read Nicholas Chamberas' Reports — More Here.

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It's hard to tell a voter about how great the economy is when they're having trouble getting to work because they literally don't have any money for gas.
bidenomics, effect, voter, joe biden
Monday, 11 December 2023 03:14 PM
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