The Prospects and Challenges of 'Bidenomics' for the US Economy.

1 min read
Source: The Associated Press
The Prospects and Challenges of 'Bidenomics' for the US Economy.
Photo: The Associated Press
TL;DR Summary

President Joe Biden plans to take full political ownership of the US economy, despite polling consistently showing the economy to be a weak spot for his reelection hopes. Biden's GOP rivals have blamed him for high gasoline prices, rising food costs, and other cost-of-living expenses. However, the rate of inflation has fallen over the past year while the job market has remained solid, leading the White House to believe that public messaging about "Bidenomics" will help to rally Democratic voters going into next year. Biden's message is that his presidency has already begun to reshape the world's largest economy for the better and voters should judge him on that record.

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