Right-wing attacks on President Biden tend to not only fail, but fail spectacularly, such as their latest dumb scheme to call the president’s investments on the middle class “Bidenomics,” which Marjorie Taylor Greene unwittingly gave a glowing review while talking about it at length.
I suspect that Republicans were trying to tie President Biden’s economic plan to inflation while also trying to bury the reckless concept of Reaganomics for good – which brutally destroyed much of the wealth once owned by America’s middle class. We’ve already heard about the benefits that Bidenomics has to offer – being implemented despite economists who predicted that higher unemployment was needed to bring inflation under control – but until now, we haven’t gotten a clear picture on what it does.
The GDP of the country was expected to grow by just half a point in 2023, but now with the year nearly three-quarters over, that number is actually four times higher – with the growth being calculated at 1.9%.
So rapidly has the investment in infrastructure and manufacturing taken off that economists have had to raise their estimate. As much as conservatives like to argue that the economy is largely covering due to the pandemic being over, the economy was likely headed for recession by 2019 due largely to Donald Trump’s disastrous policies like his 2017 tax cuts. The choice has never been clearer: we can keep adding jobs under Democrats or go back to more of the same failed policies of Republicans.
James Sullivan is the assistant editor of Brain World Magazine and an advocate of science-based policy making