Why ‘Bidenomics’ Isn’t Working For Biden
While President Biden’s economic policies, often termed “Bidenomics,” aimed to revive the economy post-pandemic, they have yet to deliver the desired results. Critics argue that the policies’ focus on stimulus spending has fueled inflation while failing to address supply-chain issues and labor shortages. Additionally, the Biden administration’s push to transition to renewable energy has led to higher energy prices and job losses in certain sectors. Some economists maintain that Bidenomics lacks a clear strategy and relies heavily on government intervention, which undermines market forces.