Money Money Everywhere and Not a Dollar to Drink

While economists and politicians tout Biden’s strong economy, Americans say they feel poorer than ever. Why?

Photo by Igor Omilaev on Unsplash.

“Bidenomics Is Working: The President’s Plan Grows the Economy from the Middle Out and Bottom Up — Not the Top Down,” promised President Biden on June 28, 2023.

“While our work isn’t finished, Bidenomics is already delivering for the American people,” said President Biden in a statement. “Our economy has added more than 13 million jobs — including nearly 800,000 manufacturing jobs — and we’ve unleashed a manufacturing and clean energy boom. There were more than 10 million applications for new small businesses filed in 2021 and 2022 — the strongest two years on record.”

“None of this progress was an accident or inevitable — it has been a direct result of Bidenomics,” touted Mr. Biden. “And rather than taking us back to the failed trickle-down policies of the past, President Biden is committed to finishing the job and continuing to build an economy that finally works for working families — with better jobs, lower costs, and more opportunity.”

Though many popular media outlets began a full-court press touting Biden’s strong economy, some seemed to sense early that they might have trouble getting the message to stick.