News Muncher - category bidenomics

2 weeks, 1 day ago

Why Bidenomics let Democrats down despite its focus on helping the US working-class

As US president, Joe Biden charted a new economic path for the Democrats by siding unabashedly with the working class and introducing a wide range of industrial policies to reinvigorate US manufacturing, reshore supply chains and promote the green transition. Donald Trump’s appeal, like that of right-wing ethno-nationalists elsewhere, owes much to rising levels of economic insecurity, which many regard …

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4 weeks, 1 day ago

The architects of Bidenomics are in denial

Live Mint

Election defeats are never easy to accept, but the Bidenomics rear-guard action now underway among Democratic economists takes the denial stage of grief to a whole new level. While this crew touts disinflation since 2022—the economics term for a deceleration in price rises—this doesn’t mean prices are returning to their prepandemic level. Far from it: Inflation rates persistently above 2.6% …

Inflation Trump Prices Democrats Spending Voters Biden

3 months, 1 week ago

The one Harris comment Trump and his allies have spent $38 million for voters to see

CNN

CNN — On an August afternoon last year in Washington, Kamala Harris appeared at a retail village to promote the Biden administration’s economic record. A third ad from the Trump campaign, launched last week and already backed by more than $3 million, opens with the clip of Harris saying that “Bidenomics is working,” before a narrator cuts in with “It’s …

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6 months ago

Bidenomics, also known as MMT

Live Mint

Sometimes ideas that seem obviously silly catch on and cause serious destruction. In the late 2000s Australian economist Bill Mitchell coined the term “Modern Monetary Theory," or MMT, to describe what one might call Keynesianism on steroids. But on the left, MMT caught on as an explanation for why Barack Obama’s nearly $800 billion stimulus plan in 2009 failed to …

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10 months ago

Granderson: You can't compare Bidenomics to Trump's economic record

LA Times

Donald Trump was booed Saturday when he took to the stage at a convention in Philadelphia to sell shoes. Last fall a House subcommittee held a hearing to discuss the impact of one of President Biden’s key pieces of legislation: the Inflation Reduction Act. “Some of these green cars, electric cars can cost $100,000 a year, and so almost by …

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10 months, 2 weeks ago

Column: Voters are finally noticing that Bidenomics is working

LA Times

The turning point in Americans’ perception of the economy — that despite months of doom-colored predictions of a looming recession — may have occurred on Jan. 25. That was the day that Fox Business economic commentator Larry Kudlow, a former official in the Trump White House and consistent dispenser of grim economic predictions during President Biden’s term, went on Fox’s …

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11 months, 1 week ago

Biden sells economic strength, but voters aren't buying yet

The Hindu

U.S. President Joe Biden has good news to sell on the economy as he seeks reelection in November but voters don't seem to be buying it. With the political wisdom saying that US elections are won on "the economy, stupid" -- as the 1992 Bill Clinton campaign famously said -- Mr. Biden could have been forgiven for thinking the economy …

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1 year ago

Exclusive: ‘Bidenomics’ failing to win electorate support in battleground states

The Telegraph

In head-to-heads with Ron DeSantis, Mr Biden leads in the four states of Arizona, Georgia, Michigan, and Pennsylvania, while against Nikki Haley, the former governor of South Carolina and Republican candidate, he would win in all but North Carolina. He told the Asia-Pacific Economic Cooperation conference in California on Nov 16: “I acknowledge there’s a disconnect between the numbers and …

Mr Biden

1 year, 1 month ago

Bill Maher takes dig at Taylor Swift and her Swifties - of whom 74% are white as he calls out Biden's plummeting support amongst black voters

Daily Mail

Comedian Bill Maher took a dig at Taylor Swift and her 'Swifties' - 74 percent of whom are white - as he called out Biden's plummeting support amongst black voters. Comedian Bill Maher took a dig at Taylor Swift and her 'Swifties' - 74 percent of whom are white - as he calls out Biden's plummeting support amongst black voters …

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1 year, 1 month ago

Column: The continuing riddle of why Biden doesn’t get credit for an improved economy

LA Times

Let’s take a snapshot of the U.S. economy. “Bidenomics didn’t just promise economic growth,” wrote economists at the progressive Roosevelt Institute in a recent newsletter; “it promised a transition from the era of trickle-down, neoliberal economics to a new paradigm that focused on improving the wages and livelihoods of working- and middle-class people.” They titled their post: “It’s working.” Indeed, …

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1 year, 1 month ago

The economy is good, but that’s not what polls show. What’s going on?

LA Times

Vice President Kamala Harris stands in front of a “Bidenomics” sign as she tours a Seattle factory in August on the one-year anniversary of passage of the Biden administration’s Inflation Reduction Act. Last month, only 16% of U.S. adults said the economy was even “somewhat good,” according to the latest poll for the Associated Press conducted by NORC at the …

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1 year, 3 months ago

Column: Bidenomics just had its first birthday. Why are so few people celebrating?

LA Times

Bidenomics just had its first birthday, and less than half the country celebrated. Biden suffers — unfairly — by comparison with Donald Trump, thanks to Trump’s purported business acumen and the many Americans who buy his blarney about how he created “the greatest economy in history.” Just take Trump’s lifetime: Presidents Eisenhower, Johnson and Clinton presided over significantly greater growth. …

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1 year, 4 months ago

How An EV Battery Factory Divided A Michigan Town

Huff Post

GREEN CHARTER TOWNSHIP, Mich. ― Jim Chapman is a former police officer, a grandfather and a Republican. And it drove me crazy.” Gotion had other options, including several in the “battery belt” for EV production that’s emerging across Georgia, Kentucky and Tennessee, where officials have traditionally lured companies with lucrative financial incentives. “We didn’t know shit, and we thought a …

Climate Change China Clean Energy Local Jobs Factory Battery

1 year, 4 months ago

Biden and House Democrats hope to make curbing ‘junk fees’ a winning issue in 2024

Associated Press

WASHINGTON — Congressional Democrats are teaming up with the Biden administration and a progressive advocacy group to turn policy efforts to curb “ junk fees ” into a political rallying cry, betting that a small but potentially potent kitchen table issue will resonate with voters. More than a dozen House Democrats around the country plan to hold events organized with …

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1 year, 4 months ago

Biden and House Democrats hope to make curbing 'junk fees' a winning issue in 2024

The Independent

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. “Hidden and deceptive junk fees cost Americans billions of dollars every year," said Rep. …

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1 year, 4 months ago

Biden jokes that Republicans may impeach him because inflation is starting to cool down

Associated Press

AUBURN, Maine — President Joe Biden — buoyed by new signs the economy is continuing on the upswing — took a swipe on Friday at House Republicans’ flirtations with an impeachment inquiry, quipping that GOP lawmakers may decide to impeach him because inflation is cooling down. “We’re not going to get into what House Republicans want to do, may not …

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1 year, 5 months ago

Biden Goes All In on Bidenomics. Voters Aren’t Buying It

Live Mint

PHILADELPHIA—President Biden stood at the lectern of a shipyard here with a familiar pitch as he seeks a second White House term: The economy remains strong. “It’s not an accident, it’s my economic plan in action," Biden told a crowd of mostly union workers Thursday at the latest stop on his nationwide record-burnishing tour. Despite the project, Gillmer said many …

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1 year, 5 months ago

White House cheers ‘Bidenomics’ as inflation rises by only 0.2%

The Independent

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} President …

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1 year, 5 months ago

Inflation drops to 3% and Biden hopes to turn a weakness with voters into a strength

Associated Press

WASHINGTON — The politics of inflation took a sharp turn Wednesday with a report showing consumer prices rose at the slowest pace since the early months of Joe Biden’s presidency. “It is particularly notable and highly consistent with Bidenomics to see this steep a decline in the rate of inflation while employment remains so uniquely strong.” The president was quick …

Inflation White House Prices Republican White House Voters

1 year, 5 months ago

Bidenomics is a questionable way to fix inequality in the US

Live Mint

Is inequality turning around on its own? A new technology benefits the entrepreneurs best able or lucky enough to capitalize on it in a big way first. One reason why inequality exploded in recent years is the huge rewards for skilled labour working for companies best able to capitalize on new technology. Sometimes new technology benefits less skilled labour later …

Technology Market Biden Big Inequality Bidenomics Tech Economy

1 year, 5 months ago

How ‘Bidenomics’ looks now isn’t what matters. It’s how voters view it in a year that counts

LA Times

President Biden delivers remarks on the economy June 28 in Chicago. The economy is growing by about 2% a year, job creation remains strong and — most important from a political standpoint — inflation has eased to 4% from last year’s peak of 9%. Biden’s bet is that if the economy continues to improve, public opinion will evolve as well …

Economy Inflation Democrats Voters Biden President Bidenomics

1 year, 5 months ago

Joe Biden's quiet success goes much further than Bidenomics

Salon

It seems that every conversation I have about politics these days begins with someone making the breathless observation that "OMG! So it's been difficult to make the case that Biden's presidency has brought material improvement to most people's lives even though it manifestly has done so. I've noticed that others are starting to make note of this phenomenon: I was …

Age Democrats Biden President Way Old Republicans

1 year, 5 months ago

Kamala Harris touts the small-business side of ‘Bidenomics’ at Santa Monica restaurant

LA Times

Vice President Kamala Harris, second from left, along with Isabella Casillas Guzman, administrator of the Small Business Administration, and Rep. Judy Chu, listen to Andrew Arrospide and Dan Londono, far right, the co-founders of Santa Monica restaurant Alfalfa. As President Biden leans into pitching voters on economic progress made under his watch ahead of the 2024 election, Vice President Kamala …

Business Community Small Businesses Harris Biden Kamala Harris Businesses

1 year, 5 months ago

Column: Bidenomics has been a boon for working-class voters. Why don’t they give him credit?

LA Times

No one doubts that the fiscal buzzword of the moment is “Bidenomics.” The question at hand is whether President Biden will be able to wear it proudly as a badge, or his Republican adversaries will hang it around his neck like an albatross. — Michael Tomasky, the New Republic “Savings, real wages and economic confidence are all down while prices …

Economy Inflation Economic Workers Democrats Republican Biden

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Articles for Bidenomics

Why Bidenomics let Democrats down despite its focus on helping the US working-class

The architects of Bidenomics are in denial

The one Harris comment Trump and his allies have spent $38 million for voters to see

Bidenomics, also known as MMT

Granderson: You can't compare Bidenomics to Trump's economic record

Column: Voters are finally noticing that Bidenomics is working

Biden sells economic strength, but voters aren't buying yet

Exclusive: ‘Bidenomics’ failing to win electorate support in battleground states

Bill Maher takes dig at Taylor Swift and her Swifties - of whom 74% are white as he calls out Biden's plummeting support amongst black voters

Column: The continuing riddle of why Biden doesn’t get credit for an improved economy

The economy is good, but that’s not what polls show. What’s going on?

Column: Bidenomics just had its first birthday. Why are so few people celebrating?

How An EV Battery Factory Divided A Michigan Town

Biden and House Democrats hope to make curbing ‘junk fees’ a winning issue in 2024

Biden and House Democrats hope to make curbing 'junk fees' a winning issue in 2024

Biden jokes that Republicans may impeach him because inflation is starting to cool down

Biden Goes All In on Bidenomics. Voters Aren’t Buying It

White House cheers ‘Bidenomics’ as inflation rises by only 0.2%

Inflation drops to 3% and Biden hopes to turn a weakness with voters into a strength

Bidenomics is a questionable way to fix inequality in the US

How ‘Bidenomics’ looks now isn’t what matters. It’s how voters view it in a year that counts

Joe Biden's quiet success goes much further than Bidenomics

Kamala Harris touts the small-business side of ‘Bidenomics’ at Santa Monica restaurant

Column: Bidenomics has been a boon for working-class voters. Why don’t they give him credit?