In an odd political move, President Joe Biden’s administration has started using the term “Bidenomics,” and not ironically.
Biden’s team sees the word as a winner to describe federal policies that have added fresh trillions of dollars to the national debt, jacked inflation to a 40-year high, produced record-high gas prices that are far from returning to pre-Biden levels and sent interest rates spiraling upward.
But one thing Biden did accomplish with this maneuver was to tee up Florida Gov. Ron DeSantis to deliver a smackdown.
The GOP presidential hopeful’s campaign “tore into President Biden’s recent pitch to voters on the economy, grading a memo on ‘Bidenomics’ with an ‘F.’”
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“Joe Biden’s lies about the economy are a slap in the face to working families across the country struggling to get by,” DeSantis campaign spokesman Andrew Romeo told the Post. “No one believes the political spin coming from the White House, and Americans are in desperate need of relief. As president, Ron DeSantis will put an end to Bidenflation once and for all and lead our Great American Comeback,”
On Twitter, DeSantis himself wrote, “Bidenomics means working Americans pay more for the necessities of life while people in and around Washington, DC live high on the hog.”
“Biden’s insistence on kneecapping domestic energy production will increasingly pinch individuals and families while making America more dependent on China.”
“Bidenomics: No thank you!” he added.
The New York Post noted that DeSantis’ team hacked apart a memo written by White House advisers Anita Dunn and Mike Donilon, who sought to burnish Biden’s cred on the economy.
Here’s one example of the response to Dunn and Donilon by DeSantis’ campaign.
Where the White House team wrote that Bidenomics “is strongly supported by the vast majority of the American people,” the governor answered by noting a recent poll that found 75% of Americans believe the country is on the wrong track.
In another section, Biden’s bureaucrats argued, “Among leading economies, the United States has had the highest economic growth since the pandemic and currently has the lowest level of inflation.”
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DeSantis replied by pointing out that the U.S. has grown just 1% in the last 15 weeks, while Canada, China, and India are growing between three times and six times as fast, respectively; oh, and inflation in the U.S. has spiked 15.6% since Biden took office.
Later in the memo, Dunn and Donilon maintained, “Better pay and other Biden Administration policies have helped put middle-class Americans into stronger financial position than they were in pre-pandemic—despite the global challenge of inflation.”
DeSantis replied, “Since Biden took office, the inflation-driven cost-of-living increase has cost Americans over $10,000 on average.”
When Biden repeated the falsehood that he cut the federal deficit by $1.7 trillion, DeSantis’ campaign pointed out that the national debt is actually up almost $4 trillion since he took office.
In its conclusion, Biden’s team asserted that “strong, bipartisan support for the President’s signature legislative accomplishments that form the core of his Investing in America agenda.”
But DeSantis shot back that two-thirds of Americans disapprove of Biden’s handling of the economy, and cited a recent Fox News poll indicating 83% of respondents said the economy is in poor or just fair shape.
In an interview with Fox News, DeSantis added, “The average working person knows it’s harder to make ends meet under Joe Biden as president.”
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