Joe Biden Is Lying to the American People and They Should Be Outraged

Former Vice President of the United States Joe Biden speaking with supporters at a community event at Sun City MacDonald Ranch in Henderson, Nevada. From Gage Skidmore.© Provided by 1945

Joe Biden's Bidenomics is a Lie - It’s a fairly understood concept among voters that politicians lie.

Further, it’s a sadly accepted notion that, when Democratic Party politicians lie, the media, academia, and much of elite society not only spread the lies but protect the Democrats from being dinged by fact-checkers and Republicans alike. 

As the already contentious 2024 Presidential Election gets underway, with President Joe Biden and Vice President Kamala Harris running as the presumptive nominees of the Democratic Party, Biden, and his fellow Democrats are going to have to do everything they can to stay competitive with voters. 

Because, as it stands, Joe Biden and his running-mate, Kamala Harris, are the two least popular politicians to run for reelection in decades. 

Bidenomics vs. Reaganomics 

A key plank in Joe Biden’s burgeoning reelection campaign has been his blandly titled “Bidenomics” policies.

If Republican President Ronald Reagan’s visionary economic program was defined by tax cuts for the upper wage earners and massive deregulation of industry to spur wider economic growth that benefited all Americans, then President Biden’s economic policies involve a far greater degree of state interference with and influence over the economy. 

In essence, Bidenomics is the so-called “answer” to the Libertarian economic preferences that have dominated America’s political and economic systems since the 1980s.

Biden’s economic policies represent a return to the halcyon days of “Progressive” presidents, such as Franklin D. Roosevelt or Lyndon B. Johnson, with their massive tax-and-spend policies that were designed to ameliorate economic woes (but often, as economist Burton Folsom, Jr., showed in his works, exacerbated the economic woes of most Americans). 

Thus, Bidenomics is the Democratic Party’s great economic revenge upon their Republican foes after decades of Reaganomics being the defining feature of economic policy.

Unlike Reaganomics, however, Bidenomics has been slow to take off and live up to its promise (or its massive cost). The Biden Campaign, desperate to tout the forty-sixth president’s turgid record as anything other than the turd it is, has glammed onto a recent data point showing that wage growth has outstripped inflation in the United States.