Bidenomics - How is he doing???

[Luvnit2]

(07-10-2023, 04:12 PM)KillerGoose Wrote: Well, the economy had just tanked when he took over. Q2 of 2020 saw the worst real GDP drop since the Great Depression. It started on the way to recovery and the Biden administration has carried it through that. I would argue, though, that they aren't really doing anything major that is causing it. There have been good bills passed such as the Infrastructure bill and the CHIPS act, but those aren't really affecting the economy right now. The economy is just a machine and doing what it does. As long as inflation keeps decreasing, things should level out and the economy will continue to improve as people spend more. 

The damage is already done, though. There are certain stereotypes about the economy and Dems/Repubs that aren't really true, but are widely believed. Many people are going to pin it on the Biden admin, fair or not, and he'll get grilled over it. It'll be up to him to try to explain what is going on and win people over. 

Biden is far from innocent on increasing inflation. Even now, he is increasing inflation year over year, acting like since he has slowed down the inflation losses, he is making gains when in fact add the numbers since 2021 and it is staggering. As I have mentioned the policy on fossil fuels is the culprit. It was a very bad policy decision and tanked the economy.