Bidenomics: Failing America and Fueling Cynicism
Introduction
Bidenomics, the economic policies implemented by President Joe Biden, is facing criticism for its failure to uplift America and its citizens. Despite efforts by the White House and a partisan press to shape a positive narrative, the reality of the situation is far from ideal. This article delves into the shortcomings of Bidenomics and its impact on the American people.
The Jobs Report: A Mixed Bag
Last week’s jobs report received praise from the media, but a closer look reveals a mixed bag of results. While not terrible, the report falls short of being parade-worthy. In November, only 199,000 jobs were added, which is below the average for the year 2023. Moreover, it is far from the job growth levels seen in 2021 and 2022. The initial phase of recovering lost jobs due to the COVID-19 pandemic is complete, and now the creation of new jobs lags behind.
Workers Toiling Harder for Less
The data reflects a harsh reality: workers are toiling harder but getting poorer under President Biden’s administration. This fact is not lost on the American people, who are experiencing the negative effects of these policies firsthand.
Wisconsin Battleground State Polls
The League of American Workers commissioned a series of battleground state polls conducted by North Star Opinion Research. The most recent survey focused on Wisconsin, a swing state that saw an equal split between President Biden and former President Trump’s 2020 voters.
The Economy: The Main Culprit
The survey revealed that only 22 percent of likely voters in Wisconsin believe that America is on the right track. The economy emerges as the main culprit behind this despondency. Regardless of partisan affiliation, the economy remains the primary concern for battleground voters. President Biden’s approval rating on the economy is alarmingly low, with only 17 percent strongly approving and a significant 47 percent strongly disapproving. Even among independent Midwest voters, the approval rating is dismal, with a mere 19 percent expressing strong approval.
Bidenomics: A Term Failing to Gain Traction
Despite efforts by the Democrats and the media to promote the term “Bidenomics” to defend their agenda, 37 percent of Wisconsin voters have not even heard of it. Among those who are aware, only 9 percent have a very favorable view of the phrase. This lack of enthusiasm reflects the dissatisfaction with the current economic situation.
Inflation and Energy Policies
Inflation is a significant concern for swing state voters, with many blaming the administration for its impact. Only 5 percent of Wisconsin citizens believe that Biden’s agenda has lowered gasoline prices, while 51 percent hold his policies responsible for the rising prices at the pump.
The Future Outlook
JP Morgan economist Marko Kolanovic predicts that by mid-year 2024, only the top 1 percent of consumers by income will be better off than before the pandemic. This projection highlights the growing disparity between the wealthy and the rest of society.
Americans’ Stress and Pessimism
The consequences of Bidenomics are evident in the stress, polarization, and loss of faith in society’s future among Americans, even in the Heartland. The economy seems to work only for a privileged ruling class, leaving the majority struggling to make ends meet.
Conclusion
As we approach the 2024 elections, addressing the anxieties caused by Bidenomics and proposing workable populist conservative solutions to fix the economic woes will be crucial for winning the hearts, minds, and votes of the American people. It is clear that Bidenomics is failing America and fueling cynicism, and a change in approach is necessary to restore confidence in the nation’s economic future.
Disclaimer: The views expressed in this article are the opinions of the author and do not necessarily reflect the views of The Epoch Times.
