Bidenomics Trickles Into History’s Trough

As Bidenomics & runaway federal deficit spending has triggered crushing inflation that roiled families’ bank accounts & standard of living, the old “trickle-down economics” where everyone gains now beats the misery of the last 4 years.

The WSJ editorial board may have suggested as much in its recent op ed, “Trump, Biden & Animal Spirits.” Small business optimism, they note, “climbs as Bidenomics departs,” but that goes for the average John & Jane Doe voter who swept President Trump back into the White House in an electoral college landslide. The editors put it this way: “If you want to understand the results of the recent presidential election … [think how] President Biden gave a speech praising his economic policy as a great & historic success while” small business optimism “soared … after Kamala Harris’s defeat.” In that speech, Biden mocked “decades of trickle-down economics that primarily benefited those at the very top” while “we’ve written a new book that’s growing the economy the middle-out & the bottom up.” First, try to understand the gobblegook he’s saying, then, consider how the WSJ replied: “Hmmm. If that’s true, then why did his VP lose the election & why did voters say in every exit poll that they were so unhappy with Bidenomics?”

Simple. Inflation, “which Biden tried to explain away as the result of the pandemic & supply-chain problems. He made no mention of his record spending” driving the national debt above $36 trillion.” Also, people ain’t stupid. Call it the “animal spirits” alluded to by the WSJ as first coined by John Maynard Keynes, but regular as well as business folks know a good or bad deal when they see it. And, the stinking Bidenomics “gift” never passed the smell test.

Davd Soul