DonGlock26
Diamond Member
- Sep 15, 2024
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"A Liberal Economist Explains Why Bidenomics Was a Failure
How Bidenomics Produced Bidenflation
Jason Furman, a longtime Democratic economist and former Obama adviser, has issued a stunning rebuke of Bidenomics, confirming what many of us have been saying for years: Biden’s economic policies were a disaster, and voters knew it. Writing in Foreign Affairs, Furman lays out why the grand experiment of Biden-era economic policy—massive government spending, industrial policy, and “running the economy hot”—failed miserably.
Unlike many of his peers, Furman has been an honest broker throughout the Biden administration, resisting the partisan temptation to spin economic failures into triumphs. While others performed mental gymnastics to defend the administration’s decisions, Furman shot straight. He has carefully tracked inflation and warned that it was likely to be more persistent than many Democrat-leaning economists expected, acknowledged the failures of industrial policy, and refused to gaslight Americans into believing they were somehow better off despite rising costs and falling real wages. His candor is refreshing in an era when economic analysis too often bends to ideology."
www.breitbart.com
I use to get a kick out of the USMB progressive hivemind drones telling us that the Biden economy was great. The voters though differently. Biden (Obama's third term really) failed the nation for four long years.
How Bidenomics Produced Bidenflation
Jason Furman, a longtime Democratic economist and former Obama adviser, has issued a stunning rebuke of Bidenomics, confirming what many of us have been saying for years: Biden’s economic policies were a disaster, and voters knew it. Writing in Foreign Affairs, Furman lays out why the grand experiment of Biden-era economic policy—massive government spending, industrial policy, and “running the economy hot”—failed miserably.
Unlike many of his peers, Furman has been an honest broker throughout the Biden administration, resisting the partisan temptation to spin economic failures into triumphs. While others performed mental gymnastics to defend the administration’s decisions, Furman shot straight. He has carefully tracked inflation and warned that it was likely to be more persistent than many Democrat-leaning economists expected, acknowledged the failures of industrial policy, and refused to gaslight Americans into believing they were somehow better off despite rising costs and falling real wages. His candor is refreshing in an era when economic analysis too often bends to ideology."
Breitbart Business Digest: A Liberal Economist Explains Why Bidenomics Was a Failure
ason Furman, a longtime Democratic economist and former Obama adviser, has issued a stunning rebuke of Bidenomics, confirming what many of us have been saying for years about the disastrous economic policies that voters rejected in 2024.
www.breitbart.com
I use to get a kick out of the USMB progressive hivemind drones telling us that the Biden economy was great. The voters though differently. Biden (Obama's third term really) failed the nation for four long years.
