Bidenomics Puts Business, Not Workers, First
The Biden economy's defenders claim it is delivering big gains to workers. But people are still feeling pain in their wallets and the rich are the ones benefiting the most.

US president Joe Biden speaks about Bidenomics on November 29, 2023, in Pueblo, Colorado. (Michael Ciaglo / Getty Images)
Before the war in Gaza — before Joe Biden sank his reputation by enabling Israeli brutality — there was a debate about something called “Bidenomics.” Despite everything that’s upstaged it, it’s still worth a look.
Bidenomics never got much love. Interest peaked in July, according to Google Trends, and is down three-quarters since. It probably would be hard to find someone who could define it. For the Right, it’s practically Bolshevism. The president himself defines it as “building the economy from the middle out and bottom up — not the top down.” It rests, as things so often do, on three pillars: “First, making smart investments in America. Second, educating and empowering American workers to grow the middle class. And third, promoting competition to lower costs and help small businesses.”
How’s all that stand up to reality?