Despite the claims of Bidenomics acolytes that it will “rebuild the middle class,” a new study states that the hundreds of billions in federal subsidies for electric vehicle (EV) production are wasteful corporate giveaways, to the tune of up to $7 million per job created. “Taxpayers are going to forego tens of billions of dollars…

President Joe Biden took his economic message to Philadelphia, touting his administration’s progress in rebuilding the middle class by stimulating American manufacturing, upgrading infrastructure, and increasing wages. The stop was the latest in a string of appearances by Mr. Biden aimed at selling his economic record to voters in the run-up to the 2024 election….

In June, President Joe Biden began an “Investing in America” tour to explain across the country how “Bidenomics” is working to improve the economy. But only 3 in 10 Americans think the economy is improving, according to a new Monmouth University poll. In recent weeks, Mr. Biden has campaigned on the slogan “Bidenomics,” associating his…

JPMorgan Chase chief executive Jamie Dimon isn’t fully convinced by the economic plan President Joe Biden is touting as a historic accomplishment. In an interview with The Economist’s editor-in-chief Zanny Minton Beddoes, which was published on Tuesday, Mr. Dimon was asked whether he believes “Bidenomics” is a success. “God, it’s a tough question to answer,”…

Commentary Using statistics from the Department of Labor, The Wall Street Journal reports that real hourly wages during the Biden presidency have declined. When Biden took office in January 2021, the average hourly wage adjusted for inflation was $11.39. Now, 29 months later, it stands at $11.03, a 3.16 percent decline. Stephen Moore of the…

Commentary President Joe Biden’s speech earlier this month told Americans that they have a mistaken view of the economy. Although the average of polls shows that only some 38.3 percent of American voters have confidence in the president’s handling of the economy, the president thinks he is doing a great job, and his speech aimed to…

Commentary In a recent White House briefing, Press Secretary Karine Jean-Pierre touted the virtues of Pres. Joe Biden’s economic policies during his tenure. It was as if the heavens opened, and the angels were singing. She utilized the same term “Bidenomics” that Biden has applied to his economic policies, which encapsulate his approach to the…

President Joe Biden remarks on the U.S. economy and his administration’s effort to revive American manufacturing at 1:15 p.m. ET on July 6 in South Carolina. …

President Joe Biden remarks on the U.S. economy and his administration’s effort to revive American manufacturing at 1:15 p.m. ET on July 6 in South Carolina. …

What a difference a year makes. In 2020, under former president Donald Trump, inflation in the United States averaged 1.4 percent. One year later, inflation’s annual rate was 8 percent. As of June 2023, it’s hovering around 4 percent. That’s still higher than what the past administration had. Now, President Joe Biden is touting an…