Biden promised to build back better, but even as the economy recovers, workers are being left behind.
by Stephen Semler, The Lever
Democrats are touting economic recovery heading into the 2024 elections, and liberal pundits are claiming that “Bidenomics” is working and those who disagree are disillusioned or ruthlessly partisan. But the country’s impressive economic growth betrays the reality on the ground: Millions of Americans are being left behind.
Yes, those White House press releases and Treasury Department fact sheets are right: Broad economic indicators like gross domestic product and unemployment have markedly improved. Inflation is generally coming down, too.
“‘Bidenomics’ is working,” Biden said earlier this summer. “When I took office, the pandemic was raging and our economy was reeling, supply chains were broken, millions of people unemployed, hundreds of thousands of small businesses on the verge of closing after so many had already closed. Today, the U.S. has had the highest economic growth rate, leading the world economies since the pandemic.”
But data released late last month show food insecurity at its highest level since Biden took office, and average financial hardship in 2023 is worse than it was over the last three years. In other words, “Bidenomics,” the president’s economic plan to grow the economy “from the middle out and the bottom up,” has been accompanied by a humanitarian crisis.
Recent Posts
Opposition of Nuclear Power ‘Revival’ in New York Holds its First Forum
Take Action Now This first forum, a webinar on Jan. 15, was titled a “Symposium for Safe and Affordable Energy in New York” as part of a series…
In Response to the Renee Good killing, Dems Propose ICE Reforms That Would Have Done Nothing to Prevent the Renee Good Killing
Take Action Now Good’s killer was a 10-year ICE veteran, himself a trainer, and recorded the killing. What good would more training and more cameras…
The Consequences Of Trump’s War On Climate In 7 Charts
Take Action Now Seven snapshots reveal how climate rollbacks altered the trajectory of U.S. energy, environmental protection, and economic security.……
Trump Received The Nobel Peace Prize From Maria Corina Machado. But Who Is She?
Take Action Now While Machado has played a pertinent and critical role for the US in causing chaos, disseminating propaganda, and pushing for regime…