Tag: Bidenomics

Commentary: Democrats’ Economic Elitism

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Grocery Shopping

Democrats’ display their elitism by using macroeconomic numbers to ignore America’s microeconomic concerns. By promoting the macro-economy, Democrats produced the numbers they now campaign on. However, their macro numbers have come with high inflation that has wreaked havoc on the micro-economies in which most Americans live.

Democrats’ embrace of the macro economy is unmistakable.  Paul Krugman’s recent column (10/8) trumpeted that the “macro” numbers “vindicate Bidenomics.” During CBS’s Sunday (10/6) 60 Minutes interview, Kamala Harris immediately ducked into the macro economy when asked about inflation’s impact on Americans.

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New American Greatness Poll: Battlegrounds Are a Dead Heat

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Kamala Harris and Donald Trump in front of The White House (composite image)

Brand new polling across the battleground states shows that Biden’s exit has tightened the presidential race, with Kamala Harris at a narrow 47-46 percent advantage in a head-to-head matchup, with 7 percent undecided. Harris is also +1 percent in a multi-candidate ballot test across the battlegrounds.

The American Greatness poll was conducted by North Star Opinion Research and interviewed 1400 likely voters, 200 per state in Arizona, Nevada, Wisconsin, Michigan, Pennsylvania, Georgia, and North Carolina.

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New American Greatness Poll Shows Trump Winning Pennsylvania

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Donald J. Trump

Brand new battleground polling reveals Trump leading a tight race in the battleground state of Pennsylvania over Kamala Harris. In the survey of 600 likely voters, using a sample that reported as +2 percent for Biden in 2020, Trump is now +2 percent for a 47-45 percent lead.

The survey was conducted both before and after the Biden withdrawal announcement, with one-quarter of the weighted respondent interviews occurring before Biden dropped out.

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Commentary: Corporate Media Desperately Wants People to Ignore This Alarming Factoid in Newest Jobs Report

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Stressed Worker

Ignore the May jobs report‘s topline establishment survey number and the media’s celebratory reporting. It’s not to be trusted.

A new analysis by the Daily Caller News Foundation shows that payrolls were overstated by 1.3 million last year after accounting for the constant downward revisions. A new Bloomberg Economics report finds monthly job gains were overstated by 730,000 last year. Bloomberg says a surge of business closures is to blame.

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Ukrainian Aid Costs Each American Household Almost $1,500, Economists Say

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Ukraine President Volodymyr Zelenskyy with United States President Joe Biden

Even as Americans grow increasingly pessimistic and agitated about their personal finances, Congress is about to ask struggling families to cover the cost of more funding for Ukraine.

The $95 billion foreign aid package adopted Saturday by the House and facing near-certain passage in the Senate includes an additional $61 billion for Ukraine. Once added to the money already appropriated for Ukraine since 2022, the United States will have spent approximately $173 billion.

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Commentary: President Joe Biden Has Put America in a Mess

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Joe Biden

The State of the Union speech is on March 7, and with it comes a chance for Republicans to start setting the 2024 presidential campaign agenda. What should the Republican who replies to Biden’s speech say?

Probably the central point to keep in mind is that Biden may not be the candidate by the time the election rolls around, which means criticism of the last four years should be aimed at the Democrat Party itself at least as much as at Biden.

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Commentary: Biden Gaslights America on the Economy

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Biden Speaking

Joe Biden is gaslighting America on the economy. His administration is trying to oversell what has underperformed for several reasons: First, the economy is the one issue that affects most Americans most significantly. Second, Biden is doing worse on virtually every other issue. Finally, time is short: the economy is about to get worse, and the election is close. The administration’s strategy is to get Americans to believe what they hear and doubt what they see.

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Commentary: Bidenomics Is The Grinch Who Stole Christmas

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The labor market continues to soften, with 199,000 jobs created last month, well below the recent average. Real job creation is far lower than this topline number suggests. Nearly 50,000 jobs were unproductive government jobs, continuing the trend of disproportionately high government job growth. The return of striking auto workers accounted for about 30,000 jobs. And 77,000 jobs were created in healthcare, which is a quasi-government industry. That leaves only about 40,000 jobs created in the real economy.

Real wages continue to stagnate, growing at the same rate as core inflation following significant declines in the first two years of Biden’s presidency. As usual, job creation in previous months was revised down in today’s report. Nearly one million more Americans are unemployed since April.

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Faith in the American Dream Plummets Under Biden: Poll

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A majority of U.S. voters feel that the “American dream” cannot be achieved, according to a poll conducted by the Wall Street Journal and NORC.

Approximately 36% of voters said that the American Dream – as defined by the notion that if an individual works hard, they will get ahead – was attainable, down from 68% who said the same last year, according to the WSJ/NORC poll released on Friday. Roughly two-thirds of voters feel the economy is in poor condition as inflation continues to outpace wages and prices continue to rise.

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Commentary: Five More Stupid Things the Left Demands You Believe

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It wasn’t the last column in this space — that one took a detour because somebody had to address the manifest awfulness of Nikki Haley — but the one before that introduced you, dear reader, to what might become an ongoing series.

Because the Left in America is now built on the failed proposition that magical thinking, the imagination of a human race that acts nothing like the current one does, can reflect reality if only enough time, money, and effort (and blood, because it always comes down to blood) are poured into the mix.

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Commentary: Bidenomics Takes Its Toll on Biden 2024

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Drops in inflation-adjusted compensation and wages preceded the losses of Harry Truman in 1952, who opted not to run, Gerald Ford in 1976, Jimmy Carter in 1980, George H.W. Bush in 1992 and Donald Trump in 2020, according to Bureau of Labor Statistics and Bureau of Economic Analysis data.

They also preceded the historic wipeouts of Republicans in 2008 by Barack Obama and Senate Democrats in the 1958 midterms, and the Republican House wins of the 2010 and 2022 midterms.

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Commentary: If the Elections Were Held Today, Trump Would Defeat Biden – and Democrats Can’t Stand It

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Few outside some bitter Republican circles are still arguing that Donald Trump can’t win the 2024 election. What was conventional wisdom a few months ago has fallen to pieces. Trump has already won the primary, not that Republicans have any reason to regret it: he is outperforming Joe Biden in the polls, despite being indicted four times, a remarkable feat that only Trump could pull off. Notably, Trump ran far behind Biden in 2020, when Trump barely “lost,” something that enraged many liberals at the time.

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GOP Presidential Hopeful Tim Scott Unveils Economic Plan Ahead of Campaign Trip to Hawkeye State

M.D. Kittle

U.S. Senator and Republican presidential hopeful Tim Scott is unveiling his “Build, Don’t Borrow” economic plan as he prepares for another campaign trip to Iowa.

Scott says his proposal targets runaway government spending, while cutting taxes, expanding jobs and “unleashing American manufacturing and energy production” with his Made in America agenda.

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Commentary: New Jobs Report Proves That Bidenomics Is Failing American Workers

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There’s no question about it now: The labor market is weakening. Friday’s jobs report showed 187,000 new jobs were created in August, well below the 12-month average, and the unemployment rate jumped. August marks the third consecutive month with fewer than 200,000 jobs created. June and July job creation was massively revised down by 110,000 in what’s becoming a common trend. And real wages grew slower than core inflation, continuing the nation’s decline in living standards.

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RFK Jr. Uses Surprise Country Hit Song ‘Rich Men North of Richmond’ to Blast GOP Presidential Candidates in This Week’s Debate

M.D. Kittle

Robert F. Kennedy Jr. hasn’t declared a winner in this week’s GOP presidential debate, but he does know who the loser is: The American people.

The Kennedy family scion and Democrat challenger to President Joe Biden for the Democratic Party presidential nomination blasted the eight Republican candidates who took the stage in Milwaukee as out of touch with the average American.

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Biden Peddles Policy Success in Badger State; the Numbers Tell a Different Story

M.D. Kittle

On the one-year anniversary of the ill-named Inflation Reduction Act, President Joe Biden paid a call on Milwaukee to sell his tax-and-spend policies that the White House likes to call “Bidenomics.”

But a lot of Badger State residents who have seen their earnings swallowed up by the inflation fueled in no small part by “Bidenomics” aren’t seeing the benefits the president is touting.

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Commentary: Bidenomics Is Pouring Cold Water on the Labor Market

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Friday’s jobs numbers show the labor market is softening due to Bidenomics and Bidenflation. Only 187,000 jobs were created last month. That’s below expectations, 40% less than the 12-month average, and the lowest level since the pandemic. Previous months’ employment growth was also revised down significantly, taking the sheen off recent jobs reports.

Average wages grew slower than core inflation, meaning Americans’ real wages and living standards remain stagnant. Friday’s numbers come on the heels of this week’s JOLTS report showing the fewest number of job openings and the fewest number of Americans quitting their jobs since the pandemic.

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Commentary: Bidenomics Is Behind Jerome Powell’s Woke Turn

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In February 2021, Federal Reserve Chairman Jerome Powell told Congress, “We are not climate policymakers here who can decide the way climate change will be addressed by the United States. We’re a regulatory agency that regulates a part of the economy.” When Powell said that, less than a month into the Biden administration, inflation was 1.6%.

Just eight months later, in remarks on November 22, 2021, President Biden said Powell – then up for renomination and facing stiff opposition from congressional progressives – “made clear to me: A top priority will be to accelerate the Fed’s effort to address and mitigate the risks – the risk that climate change poses to our financial system and our economy.” At that time inflation was 6.8%, on its way up to a 40-year high of 9.1%.

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Commentary: ‘Bidenomics’ Are Leaving Americans Behind

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“When you think about wages going up, when you think about inflation at its lowest by more than 50 percent than it was a year ago, that’s because of the work that this President has done.  And he’s going to continue to focus on what we can do to lower cost for the American people.  And so, that is incredibly important.”

That was White House Press Secretary Karine Jean-Pierre on June 26, outlining President Joe Biden’s views on the current state of the U.S. economy, which have seen a diminution of the purchasing power of American households as high inflation set in following the more than $6 trillion that was printed, borrowed and spent into existence for Covid coupled with the economic lockdowns and production halts—literally too much money chasing too few goods.

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