Tag

Bidenomics

All articles tagged with #bidenomics

economy1 year ago•12 min saved

"Inflation Trends: Mixed Signals for Americans and Biden"

Under President Biden, inflation has surged to 19.5%, significantly impacting Americans' finances. The Federal Reserve's money printing to fund increased federal spending has devalued the dollar, leading to higher prices and reduced real wages. Many Americans now rely on second jobs to cover essential expenses, and credit card debt has reached record highs. Housing affordability has plummeted due to rising home prices and mortgage rates. Despite some signs of improvement, inflation remains a major concern, with persistent high prices affecting everyday living costs.

via tippinsights|

#bidenomics #credit-card-debt #economy

politics1 year ago•3 min saved

"Bidenomics and Inflation: A Miserable Report Card for the White House"

President Biden faces criticism over inflation and his handling of international affairs, while his administration's support for Israel is questioned. Despite challenges, Biden's approval ratings remain steady, and he continues to lead former President Trump in national polls for the 2024 election. The week also saw a surge in abortion issues and a visit from the Japanese Prime Minister, adding some levity to the political landscape.

via Washington Examiner|

#bidenomics #inflation #israel

economics1 year ago•3 min saved

"U.S. Economy Surges: Record Job Growth and Wage Increases"

The US economy added 303,000 new jobs in March, surpassing economists' forecasts, but President Biden's approval rating remains stagnant at around 40% despite the strongest job growth in US history. The strong job market may prevent the Federal Reserve from lowering interest rates in time to help Biden's reelection prospects. The Fed's reluctance to cut rates could impact the upcoming presidential election, with former President Trump criticizing the Fed's actions. While a solid economy is beneficial for an incumbent president, Biden may need more than that and a gradual decline in inflation to improve his approval ratings and electoral prospects.

via Yahoo Finance|

#bidenomics #economics #election

politics1 year ago•3 min saved

"Conservative Group Unveils Bidenomics Website to Critique President's Economic Policies"

Americans for Prosperity, a conservative advocacy group, has launched a new website called Bidenomics.com to criticize President Biden's economic policies. The group plans to run an eight-figure campaign to highlight what they see as the negative impact of Biden's economic agenda. This effort includes physical ads, digital targeting, and grassroots events. Despite positive economic indicators and job growth, inflation remains a concern, and polls show that Americans are still skeptical of Biden's handling of the economy. President Biden is expected to address his economic policies in his upcoming State of the Union speech.

via Fox News|

#americans-for-prosperity #bidenomics #campaign

business1 year ago•4 min saved

Gas Prices Soar Across the U.S.

Gasoline prices in the US are rapidly increasing, with the national average climbing 11 cents in the past week to $3.28 a gallon, the highest in nearly three months. This rise is attributed to both normal factors such as increased demand and the switch to more expensive summer fuel, as well as abnormal factors like refinery outages limiting supply. The trend could complicate the Federal Reserve's efforts to control inflation and challenge the White House's economic message. Experts predict that gas prices will continue to rise, potentially reaching between $3.50 and $3.75 a gallon this summer, barring any major disruptions in crude oil supply.

via CNN|

#bidenomics #business #fuel-demand

business1 year ago•4 min saved

"Rapid Rise: Understanding the Surge in Gas Prices Across the US"

Gas prices are rapidly rising across the US, reaching a national average of $3.28 per gallon, due to a combination of normal seasonal increases in demand and the switch to more expensive summer fuel, as well as unexpected refinery outages. Experts predict prices will continue to rise, potentially reaching between $3.50 and $3.75 per gallon this summer, with the possibility of further spikes if major disruptions occur in the Middle East. This trend poses challenges for consumers and policymakers, impacting inflation and the Biden administration's economic messaging.

via ABC15 Arizona in Phoenix|

#bidenomics #business #demand

economics1 year ago•6 min saved

"Voters' Economic Sentiment Clashes with America's Thriving Economy"

The recent headlines about a robust economy are contradicted by challenges such as increasing part-time employment, declining household employment, mounting public debt burdens, and declining real wages. Bidenomics, based on costly Keynesian boom-and-bust policies, is under scrutiny. The surge in part-time employment and declining real wages underscore the fragility of the labor market. Record debts accrued by households and the federal government are not signs of a robust economy, and excessive deficit spending weighs heavily on future generations. The article suggests implementing fiscal and monetary rules to rein in government spending and reduce the impact of Bidenomics on the economy.

via AIER - Daily Economy News|

#bidenomics #economics #economy

politicseconomy1 year ago•2 min saved

"Biden's Economic Policies Fuel Worsening Inflation Crisis, White House Responds"

Larry Kudlow criticizes the Biden administration's heavy federal spending, warning that it has led to rising interest rates and persistent inflation. He highlights the significant increase in federal debt and the negative impact on GDP borrowing. Kudlow argues that the administration's spending has caused an affordability crisis, with prices for essentials such as groceries and energy soaring, while real average weekly earnings have fallen. He concludes by cautioning against the belief that spending can lead to prosperity and suggests that the Federal Reserve should consider tightening money and interest rate targets.

via Fox Business|

#affordability-crisis #bidenomics #federal-spending

business1 year ago•2 min saved

Arctic Town's Green Energy Boom Dashed by Bidenomics

The small Norwegian town of Mo i Rana, near the Arctic Circle, had high hopes for a green energy boom with the construction of a modern factory by the electric battery company Freyr. However, the Biden administration's Inflation Reduction Act, offering significant tax breaks and grants for clean energy technology, prompted Freyr to pause its Norway facility and focus on setting up shop in the United States instead. This shift reflects the global competition among nations to attract green industries, leaving Mo i Rana and its local authorities disappointed as they had hoped the factory would bring economic growth and employment opportunities to the region.

via The New York Times|

#bidenomics #business #economic-impact

politics1 year ago•2 min saved

"Biden's Economic Policies Fail to Impress as Trump Surges in Latest Poll"

A national NBC News poll shows former President Trump leading President Biden by 23 points in handling the economy, as well as holding significant leads in other key areas such as border security and mental and physical health. Despite Biden's recent claims of economic progress, the poll also indicates a decline in his standing compared to 2020, with only 37% approval. Overall, the poll suggests Trump leading Biden by five percentage points in a hypothetical 2024 general election rematch.

via Fox News|

#2024-election #bidenomics #economy

economics1 year ago•6 min saved

"Consumer Confidence Soars to Two-Year High Amid Economic Bill of Rights"

Despite positive economic indicators, such as low unemployment and rising real wages, many Americans remain dissatisfied with the economy. While the economy has improved, millions still face unemployment, lack of health insurance, homelessness, and poverty. The idea of economic rights, proposed by President Roosevelt in 1944, is being revisited by progressives and gaining bipartisan attention. This vision includes providing basic needs such as housing, healthcare, education, and welfare. The shift towards economic rights is reflected in proposals like the Green New Deal and calls for a 21st-century economic bill of rights, aiming to bridge the gap between Bidenomics and progressive policies.

via Vox.com|

#bidenomics #economic-rights #economics

politics1 year ago•5 min saved

"2024 Approach: Biden's Tax Plan Shifts Focus from Trumpenomics to Social Security Funding"

President Biden's economic messaging strategy is shifting to directly criticize former President Trump's tax legacy, framing Trump as the candidate of corporate tax cuts and positioning Biden as a champion of the working class. The White House aims to make the 2024 election a choice between the two parties, emphasizing Trump's tax cuts for the wealthy and proposing tax increases on corporations and high earners as a central part of Biden's economic argument. Biden's team hopes to overcome voter skepticism about the economy and believes that casting the economic debate in broad class warfare terms will allow Biden to frame much of his agenda as examples of siding with the working class.

via POLITICO|

#bidenomics #economic-messaging #politics

economy2 years ago•2 min saved

"New Hampshire Voters Speak Out: Economy, Borders, and 2024 Election Tensions"

Voters in New Hampshire expressed mixed feelings about the economy, with some citing concerns about high costs and others noticing relief, particularly in gas prices. President Biden's "Bidenomics" approach to rebuilding the economy post-COVID-19 was mentioned, with inflation easing but still above the Federal Reserve's goal. While some costs have continued to rise, such as food prices, others have seen a decrease. The state of the economy remains a concern for voters ahead of the 2024 election.

via Fox Business|

#2024-election #bidenomics #economy

politics2 years ago•0 min saved

President Biden to Promote Economic Agenda in Wisconsin Visit

President Biden will visit Superior, Wisconsin on Thursday to discuss his Bidenomics agenda, focusing on rebuilding infrastructure, lowering costs, supporting small businesses, and creating jobs. The visit comes amidst opposition to Republican efforts to benefit the wealthy and big corporations, while Vice President Kamala Harris is currently visiting Wisconsin.

via WBAY|

#bidenomics #infrastructure #politics

politics2 years ago•2 min saved

"Biden Faces Hecklers and Touts 'Bidenomics' During Pennsylvania Visit"

President Biden faced hecklers shouting "go home" and "you're a loser" during a visit to small businesses in Pennsylvania to promote his Bidenomics economic plan. Despite the hostile reception, Biden joked with onlookers and emphasized the success of his economic plan, pointing to improved consumer sentiment. The visit comes as major companies announce mass layoffs, and Biden's pitch was that his economic plan has been successful in small-town America, despite the heckling.

via Fox News|

#bidenomics #hecklers #joe-biden