Arrr! These so-called 'experts' be flabbergasted at Biden's braggadocio regarding the economy. Methinks he's lost his marbles!
2023-07-23
Arrr, ye scurvy dogs! Forbes Media Chairman Steve Forbed and the economist Steve Moore be refutin' the prattle o' President Biden 'bout his fancy Bidenomics, claimin' it be naught but bilge for the American people. Har, har, har!
Economic experts are criticizing President Biden for taking credit for the success of his economic policies, known as Bidenomics, and claiming that unemployment is low and inflation is decreasing. Despite polls showing that voters are not convinced, Biden spoke to a crowd of union supporters in Philadelphia, stating that there is still work to be done and that his plan is turning things around quickly. However, Forbes Media Chairman Steve Forbes expressed amazement at the administration's rhetoric, pointing out that the deficit has actually increased and that inflation is still higher than when Biden took office. Biden defended Bidenomics, claiming credit for reducing inflation, cutting the federal budget by $1.7 trillion, and creating 13 million new jobs. However, The Washington Post rated his claim about cutting the deficit as highly misleading. According to a Fox News poll, Biden has a 60% disapproval rating on the economy, although it has improved slightly from the previous year. Forbes believes that Biden's record on the economy will prevent him from being the Democratic nominee in 2024. Former economic adviser to President Trump, Steve Moore, argued that the Biden economy is not working for middle-class Americans, with inflation causing prices to rise significantly while wages have only increased slightly. He also noted that inflation is negatively impacting those near retirement age, causing a decrease in the purchasing power of their savings. Overall, experts and voters have doubts about the success of Bidenomics and its impact on the economy.