Bidenomics Is An American Nightmare
By Jeff Crouere ——Bio and Archives--February 19, 2024
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In previous generations, Americans aspired to achieve a better standard of living than their parents. According to Merriam-Webster dictionary, the American dream consisted of “good jobs, a nice house, two children, and plenty of money.”
Sadly, the American dream has turned into a nightmare as our country suffers through the economic policies of President Joe Biden. He labels this economic misery, “Bidenomics,” and mistakenly believes it will help him win another presidential term.
Sorry, Mr. President, but your policies are a disaster and Americans are longing for the prosperity they enjoyed under President Donald Trump. The latest ABC News/Ipsos poll showed that on handling the economy, Americans trust Trump over Biden by a 43-31% margin.
Despite liberal media cheerleading and Biden’s assurances of a strong economy, Americans feel much different. Congresswoman Barbara Lee (D-CA), a U.S. Senate candidate, complained in a recent debate about the “affordability crisis” in her state. She referred to a survey that showed “$127,000 for a family of four is just barely enough.” While she is right about the “affordability crisis” facing Americans, her solution is ludicrous. Lee proposes a minimum wage of $50 per hour.
Such a minimum wage would create massive unemployment as companies would lay off non-essential workers. It would also lead to higher prices for consumers and an even higher inflation rate, which has been a persistent problem during the Biden administration.
Over the three years of the Biden presidency, overall inflation has soared 17.9%, easily outpacing the 12.8% increase in weekly earnings in that period. Thus, “real buying power” is decreasing and hard-working Americans are falling behind.
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