Politically....labeling this and owning the economy is risky in my opinion. If things go south in the next 16 months every R attack ad will be using this label. Smart or stupid?
Politically stupid IMO
Move over, Reaganomics. President Joe Biden is attempting to usher in the era of “Bidenomics”
This economic theory – which rejects the idea of “trickle-down” policies in favor of focusing on the middle class – will be a centerpiece of Biden’s 2024 reelection campaign. The president will highlight the achievements he’s attributing to Bidenomics in a major speech in Chicago on Wednesday.
Trickle-down economics, which was at the heart of President Ronald Reagan’s policies and continues to be the guiding light of Republican lawmakers, typically revolves around tax cuts for the wealthy and large companies. Supporters say the benefits flow down to middle-class and working Americans, boosting economic growth more broadly. But many experts dispute this effectiveness of this practice at lifting all boats.
Politically stupid IMO
Move over, Reaganomics. President Joe Biden is attempting to usher in the era of “Bidenomics”
This economic theory – which rejects the idea of “trickle-down” policies in favor of focusing on the middle class – will be a centerpiece of Biden’s 2024 reelection campaign. The president will highlight the achievements he’s attributing to Bidenomics in a major speech in Chicago on Wednesday.
Trickle-down economics, which was at the heart of President Ronald Reagan’s policies and continues to be the guiding light of Republican lawmakers, typically revolves around tax cuts for the wealthy and large companies. Supporters say the benefits flow down to middle-class and working Americans, boosting economic growth more broadly. But many experts dispute this effectiveness of this practice at lifting all boats.
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