President Joe Biden has long struggled to neatly summarize his sprawling economic vision.
It’s been hard for voters to digest the mix of roads-and-bridges spending, tax hikes on big companies, tax credits for parents, tax breaks for renewable energy, grants to build computer chip factories, insulin price caps and slogans like “Build Back Better.”Last week, the president gave a speech on “Bidenomics” in hopes that the term will lodge in voters’ minds ahead of the 2024 elections.
“I came into office determined to change the economic direction of this country, to move from trickle-down economics to what everyone in The Wall Street Journal and Financial Times began to call ‘Bidenomics,’” the president said. “I didn’t come up with the name. I really didn’t.” Based on follow-up interviews with poll respondents, they’re far more aware of gasoline and grocery store prices than the details of Biden’s policies. When asked over the course of multiple polls, a few could cite the bipartisan infrastructure package that Biden signed into law. But the Inflation Reduction Act as well as the CHIPS and Science Act have yet to fully surface on the public radar, despite outreach by the administration and news coverage.
Nor is the phrasing all that novel. Commentators have given the American public the portmanteau words Nixonomics, Carternomics, Reaganomics, Clintonomics, Bushonomics, Obamanomics. When the conservative economists Arthur Laffer and Stephen Moore wrote a book to describe the policies of then President Donald Trump, they entitled it “Trumponomics: Inside the America First Plan to Revive Our Economy.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Bidenomics taxes workers through inflation to fund green industrial policyDespite inflation slowing from its near-double-digit peak, the economy remains President Joe Biden's biggest roadblock to reelection. Hence, he unleashed a risky strategy last week to reverse the narrative by embracing 'Bidenomics,' a phrase first used as an insult. He wants to turn it into a…
Leer más »
Small business owner reveals the true cost of 'Bidenomics': 'We're hurting'Brian Maloof, owner of Manuel's Tavern in Atlanta, shares the difficulties many small businesses are facing despite President Biden touting his economic policies.
Leer más »
Obama hails Bidenomics for jobs boom, helping inflation-hit familiesObama hails Bidenomics for fueling a jobs boom that's helping American families weather inflation
Leer más »
White House slams John Cornyn for infrastructure vote amid ‘Bidenomics’ pushThe White House is shaming U.S. Sen. John Cornyn and other Republicans for touting broadband funding headed to their states via an infrastructure bill they voted against.
Leer más »
New report blames both Trump and Biden for chaotic Afghanistan withdrawalThe review repeatedly blames the administrations of both former President Donald Trump and President Joe Biden.
Leer más »
Aurora University's first Latina president knows firsthand the challenges immigrant students faceSusana Rivera-Mills, Aurora University's first Latina president, knows firsthand the challenges first-generation immigrant college students face, and she hopes to serve as an example of what people can achieve.
Leer más »