As the holiday season approaches, many Americans are struggling to make ends meet due to the current state of the economy. President Joe Biden’s economic plan, known as Bidenomics, aimed to “restore the American Dream,” but has fallen short of this goal.
There is disagreement among experts about the overall health of the economy on a macro level, with some predicting a potential recession. In October, economist Paul Krugman tweeted that inflation had ended based on a chart that excluded essential items such as food, energy, shelter, and used cars. This tweet was met with criticism, highlighting the disconnect between economic performance and people’s daily struggles.
While some argue that the economy is improving under Biden’s leadership and that his economic plan is effective in helping people achieve their dreams, others question whether this perspective accurately reflects reality for those who must purchase or finance basic necessities. This raises questions about whether Biden’s economic plan is truly designed to help Americans achieve their goals.
As prices continue to rise for items like a 6.25-pound package of chicken breasts, it’s worth considering what constitutes a nightmare under Bidenomics. These challenges raise important questions about how well Biden’s economic plan is equipped to address the needs of everyday Americans during these challenging times.