Very early in Joe Biden's term, his economic plan was dubbed "Bidenomics."
While Joe Biden has embraced the term, not all Democrats are buying into the messaging and are now starting to distance themselves from the policies.
For most Americans these days, Bidenomics is a complete and utter disaster.
We are seeing everyday costs go up, and our bank accounts go backward, but every time Joe Biden talks about the economy, he insists that Bidenomics is working.
He recently stated:
"I think it's a plan that I’m happy to call Bidenomics.
"First, making smart investments in America. Second, educating and empowering American workers to grow the middle class. And third, promoting competition to lower costs and help small businesses."
However, it appears that Joe Biden is one of the few who believe this is working.
While not all Democrats are willing to go on the record, we are seeing more and more of them push back that the plan is failing.
For instance, one anonymous Democrat stated:
"Whoever came up with the slogan Bidenomics should be fired.
"It’s probably the worst messaging you could ever imagine."
Rep. James Clyburn (D-S.C.) saved Joe Biden's presidential run in 2020 by endorsing Biden just prior to the South Carolina primary race.
He is not feeling Bidenomics either, though, stating:
"I don’t like it either."
"The people that he [Biden] stands for don’t deal with economics. They deal with day-to-day issues. They have to educate their children and feed their families and develop their communities — and that doesn’t sound like ‘Bidenomics.’"
Democratic pollster Celinda Lake also added:
"Originally, I would have said we didn’t repeat it enough. I would have said we weren’t visible enough out there. I would have said we didn’t put enough advertising. But we’ve done all of that, and it still doesn’t break through."
The economy is and always has been a bottom-line topic.
This is one area where you cannot use semantics and lie to the American people to try to secure a political win.
We see the direct results of economic policy in credit card and mortgage rates, our bank accounts, and the price of everyday goods.
In all three of those key areas, Biden's policies are failing the American people, which is why they are not buying into Joe Biden's idea that Bidenomics is working for the average American.
Not only that, but Biden is insulting our intelligence by claiming that inflation is getting lowered without owning up to the fact that it was his policies that sent inflation through the roof in the first place.
It is the same when Biden claims he created more than 12 million jobs when we all know these were jobs coming back from the COVID shutdown, not a job market that was energized by government policies put in place by this administration.
In simpler terms, Joe Biden spilled the milk, and now he wants credit for cleaning up the mess, only there is still some milk left on the table.
Almost three years after taking office, Biden has yet to get key economic indicators back to where they were when Trump was in office. Not to mention that there are now economic indicators showing that a crash is inevitable if the government does not stop printing new money to pay its bills.
For the first time in history, American consumers are facing more than $1 trillion in credit card debt. What happens when they cannot make those payments and start defaulting?
I am not saying you should be stuffing your money into your mattress, but I do believe safer investments are the prudent way to go rather than allowing yourself to face a major financial setback due to Biden's mismanagement of our economy and complete lack of control for government spending.
This can still be reversed, but with winter here, the hourglass has nearly run out of sand.