Washington Examiner
From the outset, the name Bidenomics lashed the president's name to economic mismanagement. It was used at first by President Joe Biden's critics to distinguish his particular brand of fiscal and monetary boneheadedness. But when the president was convinced by White House spin that the economy was in great shape, he wore Bidenomics as a badge of achievement. It was folly.
Gallup has been asking voters which party they trust more on the economy since 1951, and the 53% to 39% margin voters now give Republicans over Democrats is the highest ever. This comes as NBC News and ABC News polls show Biden’s approval rate on the economy at just 37% and 36%, respectively. But as Bloomberg reported last week, for people outside the wealthiest 20%, the economy is not great. Wages have lagged inflation since Biden became president, and millions of working-class voters have spent their savings trying to keep up with rising prices. They are now going into debt.
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