“The Worst Propaganda I’ve Ever Heard From the Leftist Media”: Americans Criticize Trillion-Dollar Deficit Spending

Gabriel RomanNov 23, 2023

Minute Read

President Joe Biden’s economic strategy, termed “Bidenomics,” is a topic of national debate. Bidenomics aims to transform America’s economic landscape. This includes a nationwide “Investing In America” tour, showcasing policies aimed at job growth, economic stimulation, and inflation control. While some data and experts support Biden’s approach, public opinion and critiques present a contrasting view.

Biden’s Economic Vision

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President Joe Biden has passionately promoted his economic vision called “Bidenomics.” He aims to reshape America’s financial landscape. This vision represents a shift from traditional economic theories, focusing on creating union jobs and enhancing exports. This is a departure from the long-held “trickle-down” economics.

The Nationwide Tour

The White House has embarked on the “Investing In America” tour. This is a significant 60-stop journey across 30 states. This tour serves as a platform for Biden and his officials to showcase how their policies foster job growth, stimulate the economy, and address inflation concerns.

Rallying for Jobs and Exports

In Philadelphia, President Biden spoke about the primary objectives of “Bidenomics.” He said, “Under my plan, under Bidenomics, we’re creating jobs at home and exporting products abroad. Union jobs!” he declared. This strategy marks a clear departure from traditional “trickle-down” economics, aiming instead to benefit a broader spectrum of the American population.

A New Economic Direction

Biden stressed the importance of fostering growth from diverse sectors of society. “We can’t go back to an economy where we just hope everything trickles down from Wall Street and the wealthiest few. We need an economy that grows from the bottom up and the middle out,” he explained.

Empirical Evidence for Bidenomics

The White House provided data underscoring the real achievements of Bidenomics. This evidence points to a substantial decrease in inflation rates. It also indicates a labor market showing historic strength and a post-pandemic economic recovery outpacing many global counterparts. To some, this shows the positive effects of Biden’s economic policies.

Analysts Acknowledge Economic Growth

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Significant financial institutions and scholars have noted the unexpected growth trajectory under Bidenomics. Due to this unforeseen growth, Morgan Stanley had to revise its GDP forecasts upward. Yale Professor Jeffrey Sonnenfeld compared Biden’s economic measures to the most successful intervention since the New Deal era.

Labor Statistics Report

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Recent findings from the Bureau of Labor Statistics reinforce the positive impact of Bidenomics. The report highlights an unbroken sequence of job growth over 30 months and a notable reduction in inflation to its lowest in two years. To some, this shows a favorable turn in the United States’ economic health, aligned with the objectives of Biden’s economic policies.

Critics Slam Spending and Small Business Impact

Critics of Bidenomics are vocal about their concerns, arguing that its success is a mirage. “It’s so successful that we have only spent 2 to 3 trillion dollars a year in deficit spending every year of Bidenomics, and by the way, it’s not working, and the worst is yet to come,” one critic states. Other users shared this judgment.

Skeptics Urge a Closer Look at Economic Data

Some observers challenge the narrative surrounding Bidenomics, labeling it as propaganda. One user suggested people “compare the real economic statistics to what Biden says.” They recommended an exploration of Nobel Laureate Economist Milton Friedman’s perspectives on inflation sources, which they argued shows the truth of America’s economic status.

Concerns Over International Aid

Some users criticized Biden’s focus on international aid. One user said, “Bidenomics equals giving money to other countries that dislike us, thereby improving their standing at our expense.” This viewpoint reflects a concern over the allocation of resources in foreign aid, questioning its impact on domestic economic stability.

Debating the Necessity of International Aid

Other users agreed with this critique on international relations, especially in times of conflict. One viewpoint suggests, “No one likes war, but if we don’t support other countries, it will eventually land on our shores.” Others agreed with this view. They acknowledged rising prices, attributing some to legitimate causes, and speculated on corporate greed’s influence.

Internal Party Rifts Emerge

There is growing evidence of a rift within the Democratic Party over Bidenomics. Some party members, especially the older generation, support Biden, while others are increasingly withdrawing their backing. “Even Democrats are now withdrawing from the Bidenomics platform, losing support for him as a leader,” noted one user.

Accusations of Left-Leaning Propaganda

The portrayal of Bidenomics in some media outlets has drawn criticism for alleged bias. Accusers label it as “the worst propaganda I’ve ever heard from the leftist media, still trying to prop up Biden.” This critique points to a perceived effort by certain sources to favorably spin Biden’s economic policies, regardless of their actual impact.

Critics Draw Parallels

Some users directly criticized Biden’s portrayal of his economic plan. One user said, “Look at the Emperor’s new clothes!” They implied that the policy lacks substance and effectiveness, much like the story. Other users agreed, claiming that Biden’s economic strategy is nowhere near as successful as he claims.

Historical Comparisons and Critiques

One user directly critiqued comparisons between Bidenomics and the New Deal. They said, “FDR’s New Deal actually prolonged The Great Depression.” This historical comparison is used to question the long-term effectiveness of Bidenomics, drawing parallels with previous economic interventions.

Critics Doubt Substantial Improvement

Skeptics of Bidenomics compared it to “putting lipstick on a pig.” They suggested that the policy may be an attempt to superficially improve the economic situation without addressing underlying issues. This analogy points to a belief that the policy is more about appearance than real economic reform.

Concerns Over Economic Management

Some users raised questions about the nation’s credit rating in the context of Bidenomics. “If it’s so successful, why was our country’s credit rating downgraded?” one critic asks. They show concerns over potential mismanagement and the long-term possibilities of Biden’s economic approach.

Critics Equate Policy to Historical Controversies

One user claimed, “Bidenomics is the biggest scam since BLM. Milton Friedman is spinning in his grave.” This view reflects a deep skepticism about the authenticity and effectiveness of Biden’s economic policies. Other users agreed with this comparison to other controversial movements and theories.