This week, Joe Biden – or, more exactly, the puppeteers who are actually running our country – decided to foist a new term on us: Bidenomics.
Bidenomics is supposed to represent the economic policies of the Biden administration in a highly positive light.
How, you may ask, can rampant inflation, lower buying power, higher interest rates, etc. etc. etc. be touted as good news?
In the immortal words of Fiddler On The Roof’s Tevye, when he is asked how the traditions of his people got started, “I’ll tell you: I don’t know”. I can’t for the life of me figure out how this economy can be sold in a positive manner.
And neither can the editorial board at Issues And Insights. It has listed four of the major “accomplishments” of Biden’s economy, and talked honestly about them – which is to say, debunked them completely.
The key excerpt:
Truth is, the only way Biden can make the case for “Bidenomics” is by lying. Examples:
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- “U.S. has had the highest economic growth rate, leading the world economies since the pandemic.”
Except it didn’t. The U.S. ranks 146th in real GDP growth in the world so far this year, came in 151st place last year, and was 66th in 2021, according to the International Monetary Fund.
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- “We created 13.4 million new jobs.”
Also false. Because almost 10 million of those were simply refilled jobs lost during the pointless COVID lockdown. Under Biden, the number of net new jobs is less than 4 million — which is nothing to brag about, given that the working-age population has grown by 6.8 million since Biden took office.
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- “Americans are back to work who’ve been on the sidelines, and they want to come back.”
Another falsehood. There are almost 10 million people who’ve dropped out of the labor force as of today, which is 2.7 million higher than it was just before all the COVID lockdowns.
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- “Just in my first two years in office, my team and I have reduced the deficit by $1.7 trillion.“
His biggest lie yet. As we pointed out in this space earlier, a Congressional Budget Office report released at the start of this year showed that “Biden sharply increased the deficit last year, this year, and next year, and he has set the country on course to add a total of $5.45 trillion to the federal deficit over the following decade.”
The only thing that Biden said that was truthful in his speech is that “Bidenomics is working.”
It’s working all right, assuming that Biden’s plan was to destroy America.
I can just see the architects of this BS political-speak strategy sitting around a table, laughing derisively, and saying things like “If we can sell those bozos on this, we can sell them on anything!!!”.
Can they sell them? Can they sell you?
Liedenomics. Let’s see how it works out.
