Staff Reports
Bidenomics, or as many are now calling it, “Bidenflation,” has been given a thorough gut check from within the Democratic ranks. Jason Furman, an economist who once served under President Obama, has decided to rain on the Biden parade, confirming what many have been shouting from the rooftops since the beginning of this administration’s spending spree. The chaotic experiment tagged as “Bidenomics” has been nothing short of a financial disaster, and Furman’s revelations couldn’t come at a better time for those hoping to hold this administration accountable as inflation continues to gnaw at American wallets.
Furman opened a can of whoop-tuition by pointing out that inflation, a term everyone has become far too familiar with, is not just some sinister global curse but rather a self-inflicted wound straight from the Biden playbook. The administration has tried (with all the subtlety of a sledgehammer) to blame everything from supply chain hiccups to one man’s invasion of another’s territory for rising prices. However, Furman, in a rare instance of honesty from within the left, made it clear: benevolent government stimulus flooded the market with cash, and voila—here comes inflation, now more stubborn than ever.
Breitbart Business Digest: A Liberal Economist Explains Why Bidenomics Was a Failure https://t.co/yDXCNVKOks XXX
— Joseph Twohig (@JosephTwohig) February 12, 2025
Despite pouring billions down the rabbit hole of “green energy” and semiconductor subsidies, the promised manufacturing renaissance appears more like a mirage. Scrutiny from Furman reveals that instead of thriving, American manufacturing continued its long-term decline. These misguided subsidies, which were expected to breathe new life into industries, turned out to suffocate them, driving up costs for everyone while leaving non-subsidized sectors gasping for air. It is increasingly apparent that the administration’s economic intervention has simply skewed the landscape, creating losers where the goal was supposed to be triumph.
Wages for working Americans, meanwhile, have been swallowed whole by the relentless beast known as inflation. Despite what the Biden administration has claimed, median household income has dropped since 2019, effectively reversing the gains made during a period of more responsible leadership. Biden is now immortalized as the first Democratic president in a century to leave office without expanding the social safety net in any meaningful way. This harsh reality stands in direct contradiction to the lofty promises made about making life easier for working families.
Infrastructure spending, lauded as a grand pillar of Biden’s agenda, seems to have been built on wet sand. The Bipartisan Infrastructure Law was meant to elevate the state of America’s aging roads, bridges, and broadband. Yet, with prices skyrocketing across the board, real investment in infrastructure has plummeted. Furman highlighted that despite the funding barrage, infrastructure spending effectively dropped by a staggering 17 percent when adjusted for inflation. What was pushed as a “building boom” turned out to be a grand illusion, leaving voters scratching their heads as they continue to navigate pothole-riddled streets and outdated broadband services.
While Furman’s candid critique may serve as a reality check for the Democratic elite, many still cling to the delusion that their policies were sound and simply misjudged by the public. This gap between the administration’s perceptions and the economic reality faced by ordinary citizens has played a significant role in the political fallout seen in recent polls. With voters clearly stating that inflation has become a hardship, it is no wonder that conversations around a potential Trump resurgence are gathering steam. The Democrats would do well to acknowledge that even their own economists see the crumbling facade that is Bidenomics for what it truly is: a catastrophic wrong turn down fiscal lane.
