Article originally appeared on thefederalist.com.
After 40 years of “trickle-down economics,” Joe Biden says, “Bidenomics is just another way of saying restoring the American Dream.”
It’s not often that a politician openly pledges to bring the country back to a time of crippling inflation, high energy prices, and stifling interest rates. But this president is doing his best to keep that promise.
Unsurprisingly, “Bidenomics” is failing to gain traction among voters. This has caused consternation in the media. One thing to remember, though, is that “Bidenomics” isn’t really a thing. Unlike, say, “Reaganomics,” which helped bring about the largest expansion of the middle class in world history, the president does not subscribe to any coherent or tangible set of economic theories or principles. The White House defines its economic policy as being “rooted in the recognition that the best way to grow the economy is from the middle out and the bottom up,” which is just platitudinous gibberish.
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