Democrats and Republicans are both talking about Bidenomics. The White House began promoting the term, which it insists the press created, to make its case that the economy is strong and growing under JoeBiden. But the GOP uses a different definition.
The White House began promoting the term, which it insists the press created, to make its case that the economy is strong and growing under President Joe Biden. But the GOP uses a different definition."For most Americans, 'Bidenomics' means higher inflation and tax hikes — and they are not wrong," Republican National Committee spokesman Jake Schneider said."Since Biden took office, prices have skyrocketed by 16.6% and real wages have plummeted by three percent.
Polls consistently show that voters do not feel so hot about the way things are going. A recent CBS-YouGov survey, for example, found that 70% of respondents felt their income was not keeping up with inflation. The White House is hoping to align public perception with the improving economic statistics, argues progressive economist David Madland.
GOPers are working to craft their own economic messaging to take advantage of voter misgivings. On Monday in New Hampshire, Gov. Ron DeSantis unveiled his Declaration of Economic Independence plan. DeSantis and other 2024 hopefuls will continue hitting Biden over his economy. The question is who voters believe and how they feel about the state of things next fall.
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