There is just one glaring problem: It is all a lie. Mr. Biden can try to gaslight the American people and retcon the past few years to his heart’s content, but the evidence is simply overwhelming. The ruse will not work.
Last year, the U.S. economy formally entered a recession—which until 2022, when the Biden administration attempted to redefine the word, universally meant consecutive quarters of negative GDP growth. Around the same time last year, annualized inflation on the consumer price index (CPI) surpassed 9 percent—the highest reading in four decades, since the infamous “stagflation” of the Jimmy Carter era. Inflation was particularly thorny for many basic household food staples, such as chicken and eggs, some of which experienced 20 percent–30 percent inflation at summertime 2022 peaks.
Inflation has since cooled down a bit, but is still running considerably hotter than the Federal Reserve’s stipulated 2 percent target. Accordingly, Fed Chair Jerome Powell has not ruled out still-further interest rate hikes, at a time when mortgage payments are already catastrophically high; for the median American family buying a home, mortgage payments doubled from roughly 14 percent of monthly household income in 2020 to nearly 29 percent in June 2023. That is the highest that particular metric has been in nearly four decades. Meanwhile, Saudi Arabia and Russia have announced more oil production cuts through the end of 2023, at a time when the national average price of a gallon of gas is already near a record high.
The fact that Joe Biden’s paper-thin, basement-dwelling presidential campaign is rolling the dice with “Bidenomics” as its go-to message, as we approach the heart of the 2024 campaign cycle, can be explained by one truth: There is simply nothing else for him to run on. Surely it can’t be the unprecedented number of unvetted illegal aliens pouring cross the southern border; surely it can’t be the proliferation of narcotics, and the fact that roughly 110,000 Americans dropped dead last year of drug overdoses; surely it can’t be the epically botched withdrawal from Afghanistan, which saw 13 American servicemen die in vain and the Taliban flag hoisted over the old U.S. embassy in Kabul; surely it can’t be the prized Biden Regime cultural fetishes, such as the barbaric “surgeries” of modern gender ideology. So Mr. Biden and his Vice President Kamala Harris will run on “Bidenomics.” And they will ask you not to believe your own lying eyes—to believe that the turd sandwich they are offering up is actually a tasty filet mignon. You just have to squint hard enough!
With any luck, that profound cynicism will soon come crashing into reality.