A tweet touting “Bidenomics” is predictably facing significant pushback on social media.
“Bidenomics is about growing the economy from the middle out and the bottom up, not the top down. It’s an economic vision where we make smart investments in America, educate and empower American workers, and promote competition to lower costs and help small businesses,” a post on President Joe Biden’s @POTUS Twitter account declared.
Critics offered a much different take on “Bidenomics,” blaming the president for problems like high inflation.
“Bidenomics is about blind faith in government spending and regulations. It’s an economic disaster where government causes decades-high inflation, high gas prices, lower paychecks, and crippling uncertainty that leaves Americans worse off,” read a definition shared by House Speaker Kevin McCarthy (R-Calif.).
Republican Rep. Ryan Zinke of Montana offered an edited definition that suggested “Bidenomics” is about “crashing the economy,” making “hardly any investments in America,” empowering China, Russia, and Saudi Arabia, increasing costs, and killing small businesses.
GOP Rep. Jeff Duncan of South Carolina similarly shared an altered definition, suggesting that the president’s economic plan entails “crushing the economy” through “reckless government spending that fuels inflation,” as well as imposing “policies that send jobs overseas, hurt American workers, embolden our adversaries, increase energy costs, and weaken small businesses.”
“Bidenomics is about crippling our economy by wasting billions in taxpayer dollars, creating 40-year high inflation, and making it harder for everyday Americans to afford living. This is actually Bidenomics, folks,” GOP Sen. Marsha Blackburn of Tennessee tweeted.
“Bidenomics – n. What in the 1970s was called stagflation. Now with a new name, but the same unaffordability,” BlazeTV media critic Rob Eno tweeted.
“Bidenomics is a euphemism for money printer go brrr,” Gemini cryptocurrency exchange co-founder Cameron Winklevoss tweeted.
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