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 U.S. economy.
What exactly is Bidenomics? If you cut through all the spin, it basically is a continuation of government intervention into free-market capitalism. It is more like crony capitalism with ESG blended in. According to Biden, economic growth emanates from a bubbling up and out rather than a trickling down of productive prosperity. If this were true, it might partially work, but it’s not even factual….