"Short version: People are not happy. And when they hear the president heaping praise on “Bidenomics” — well, they don’t react well."
Washington Examiner "If you look up the word “Bidenomics” on the White House website, you’ll find example after example of President Joe Biden praising the group of economic policies named after him. But now, there are reports the president’s embrace of the term Bidenomics might be backfiring.
"The word actually came from the media, and it wasn’t a compliment. On June 8, the Wall Street Journal published an analysis of what Biden national security adviser Jake Sullivan called “a modern American industrial strategy,” defined as an economy, under Biden, in which “a more assertive federal government guides investment, industry, and trade.” Some of Biden’s critics, and opponents of that strategy, adopted the term to use against him.
"Biden didn’t like it. On June 28, a reporter noted that Biden had earlier said he didn’t know “what the hell Bidenomics is.” But the questioner then suggested that the White House was “branding” the president’s policies under the word Bidenomics. “Look, you guys branded it, I didn’t,” Biden snapped. “I never called it ‘Bidenomics.’ … Let’s get it straight. The first time it was used was in the Wall Street Journal, OK? I don’t go around beating my chest, ‘Bidenomics.’ So the press started calling it ‘Bidenomics.'”
"A short time later, though, Biden changed his mind. Bidenomics became a good word. On July 6, Biden traveled to Columbia, South Carolina, and delivered an entire speech devoted to his new favorite phrase. “Bidenomics is just another way of saying ‘restoring the American dream,'” Biden said. Among other things, Biden continued, “the pay for low-wage workers has grown at the fastest pace in two decades — and folks, it’s no accident. It’s Bidenomics in action.”
"From then on, the president started using Bidenomics frequently to claim credit for what he said were great economic improvements resulting from his policies. There was only one problem. Majorities of voters are very unhappy about the economy now. They are suffering from high prices and diminished purchasing power, and they don’t want to hear the president telling them how great things are as a result of Bidenomics." . . .
