Even Biden Doesn’t Want To Talk About ‘Bidenomics’ Anymore: We Have The Receipts
After President Joe Biden embraced the term “Bidenomics,” he and his White House staff couldn’t get enough of it. But either Biden’s forgotten all about it, or the administration realized that it was doing no good to brag about something the public didn’t believe. Either way, the term is vanishing from use.
It was in a speech in Chicago on June 28, 2023, that Biden decided to bear-hug the term.
“I didn’t come up with the name. I really didn’t,” he said. “I didn’t realize the economists in the Wall Street Journal did. But I’m happy to call it ‘Bidenomics.’ And guess what? Bidenomics is working.”
Biden thought he was catching a wave. The economy seemed to be turning a corner, the rate of inflation was decelerating, job growth was strong. Surely the public would come to realize that the worst was behind.
Embracing the term would make it easy, the thinking probably was, to claim credit for any good news.
And, boy, did Biden try to tie “Bidenomics” to whatever good news he could find. At least initially.
The problem was that the more Biden tried to tell the public how he’d rescued the economy, the less the public believed it. Biden’s approval rating continued to slide. His grades on his handling of the economy did likewise.
In our I&I/TIPP Poll last June – taken just before Biden started talking up Bidenomics – we asked Americans if they agreed with Biden that the economy was strong. Only 36% did so. A New York Times/Sienna poll released over the weekend finds that only 18% those surveyed think Biden’s policies have helped them personally. (That compares with 40% who say Donald Trump’s policies helped them personally.)
His numbers haven’t improved since then. The TIPP Economic Optimism Index is lower today than it was then. Just 27% now give Biden an “A” or “B” grade on handling the economy, while 53% give him a “D” or an “F.”
As we’ve pointed out in the space many times, those ratings are perfectly justified, because no matter how much Biden and his cronies in the press yell “All is well!” the public knows better. Our January I&I/TIPP Poll, found that a shockingly high two-thirds of Americans said they now live “paycheck to paycheck,” and another quarter said they have zero savings for emergencies.
So, we got to wondering whether Biden was still peddling Bidenomics.
We did a Google search of the White House website to see how many times anyone there used the term. The administration records every utterance of White House officials, every written statement, every fact sheet, etc. So it’s a complete compendium of the use of the term “Bidenomics” by the White House.
The results can be seen in the chart above. Whereas searches for “Bidenomics” on www.whitehouse.gov returned 59 results in July 2023, there were just 10 in February.
Bidenomics – by which we mean massive, deficit-financed inflation-fueling spending, an avalanche of costly new rules and regulations, a huge “clean energy” push, higher taxes, open borders, no new free trade agreements – has failed the country.
The White House, and possibly Biden himself (but you never know about that) is apparently coming to realize that “Bidenomics” as a political slogan has failed, too.
— Written by the I&I Editorial Board
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