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Bidenomics Isn’t Working For Working People

www.levernews.com Bidenomics Isn’t Working For Working People

Biden promised to build back better, but even as the economy recovers, workers are being left behind.

Bidenomics Isn’t Working For Working People

cross-posted from: https://lemmy.world/post/3239908

Despite the impressive growth in broad economic indicators like GDP and a reduction in unemployment, millions of Americans are grappling with an ongoing humanitarian crisis. The Democrats' touted economic recovery, often referred to as "Bidenomics," faces scrutiny as food insecurity reaches its highest level since Biden took office, and financial hardship in 2023 is worse than in the previous three years. While the initial aid measures helped alleviate the blow of the COVID-19 pandemic, the subsequent failure to enact a robust social agenda and the termination of temporary aid programs have left many Americans struggling. The situation is compounded by the fact that the country's strong economic recovery has not translated into welfare for many, as financial distress increased significantly after the expiration of pandemic aid programs. This dichotomy between macroeconomic success and the reality on the ground has led to growing discontent, with recent polls reflecting low approval of Biden's economic leadership.

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