President Joe Biden took some heat for a Tuesday X post bragging about his economic policies — dubbed “Bidenomics” — namely from people pointing out persistently higher costs for basic necessities like food, energy, and gas.
“That’s Bidenomics,” the president boasted, sharing a graphic that quoted him as saying, “We’re growing the economy from the middle out and bottom up, lowering costs for hardworking families, and making smart investments in America: That’s Bidenomics.”
That’s Bidenomics. pic.twitter.com/b6U189I5ax
— Joe Biden (@JoeBiden) August 22, 2023
“Literally nothing costs less,” @1witchychick responded, and her sentiments were shared by a number of other critics who were quick to weigh in on the subject.
“What costs are you lowering?” another account asked, sharing a screenshot of a Fox Business headline showing just how much more Americans were spending, on average, to accommodate their basic needs: $709 per month more than two years ago.
What costs are you lowering? https://t.co/5b7sthPdhs pic.twitter.com/KmOTw5bo9P
— Amy Curtis (@RantyAmyCurtis) August 23, 2023
Dr. Jeff Ross wondered whether Biden was even serious, asking, “This a joke or nah? Serious question: Does any hardworking American think that your living costs have been lowered at any time over the past three years? Utter nonsense.”
CLICK HERE TO GET THE DAILY WIRE APP
“Bidenomics — 8% interest to buy a house, 3.5% inflation and $5 gas. Great job,” another replied.
Biden and some of his supporters have been making the rounds in recent weeks, touting the climate initiatives that were part of his signature Inflation Reduction Act — and boasting about economic gains in the form of slightly lowering inflation rates and positive jobs numbers.
What none of Biden’s surrogates appear willing to address is the fact that the jobs numbers — while they have been trending in a positive direction since Biden took office — do not represent only newly created jobs but also jobs that were left unfilled during the pandemic and have since been filled. Additionally, the number of Americans who have left the workforce altogether means that fewer eligible people are even looking for work.
On top of that, the Biden administration has often boasted about lowered inflation — but often bases that on “core inflation,” which eliminates the impact of more volatile costs such as food and gasoline. But because average Americans have to purchase those items weekly, if not daily, they are less impacted by the fact that “core inflation” may have lowered.