Americans Weigh in on Bidenomics, and They Aren't Fans

Bonchie reporting for RedState 

Because no one can ever admit fault in modern politics, Joe Biden has been desperately doubling down on "Bidenomics," perhaps the worst messaging strategy in decades. Instead of continually telling people how great everything is, the right move would be to refocus on facing what's ailing most Americans. The current president doesn't make right moves, though.

(See: The 'Bidenomics' Honeymoon Is Officially Over)

Just how bad are things out there in the world of "Bidenomics?" A new Monmouth poll is providing a direct window into what normal people are facing. According to the results, a whopping 44% of respondents say they are struggling financially to maintain their current lifestyle. That's a record-high number under Joe Biden and far higher than under President Donald Trump.

Does that surprise anyone? Americans are feeling the pinch after over two years of sky-high inflation ended up baked into the cake. Price increases are slowing down, but no one is getting that 20 percent hike on groceries back. That's here to stay short of a full-blown economic downturn that results in deflation. 

In other words, there is no good out with the current economy. A recession might lower prices, but then people would lose their jobs. Increased growth would keep unemployment low, but it would also result in higher prices. High interest rates are helping to tamp down inflation, but no one can afford to buy a house. If they go down, people will have more freedom to get a loan but then inflation is likely to rise again. 

This is what happens when you have an imbecile creating economic policy. The nation's economy has been painted into a corner. Could things be worse? Sure, things can always be worse, but as things stand, avoiding what would have likely been a short-lived recession has come with an enormous cost for normal Americans. When you've got nearly half the country saying they are struggling to tread water, clearly things aren't going well. 

"Bidenomics" is a flop. It's just warmed over Jimmy Carter-era policies on steroids. Astronomical levels of government spending are masking some of the top-line numbers, but that's robbing Peter to pay Paul. It's not sustainable to have a substantial portion of a nation's GDP bolstered by federal spending. 

So where do things go from here? Probably where they've already been. The rich are going to continue to get richer while a large portion of middle America continues to fall behind. That's "Bidenomics."