In response to a White House memo asserting that “Bidenomics” is “delivering results,” President Donald Trump issued a scathing statement in which he claimed that “Biden and the Radical Democrat Congress singlehandedly created the highest inflation in decades.”
President Trump refuted the claim made by the Biden administration that its economic policies had benefited Americans despite the increasing inflation rates in a press release issued on Monday.
“Biden and the Radical Democrat Congress singlehandedly created the highest inflation in decades. They spent trillions of dollars and pursued the socialist joke known as the Green New Deal,” he said, adding that Biden’s flawed economic policies led to the “Biden Banking Crisis—a disaster of historic proportions.”
In an effort to expose the White House’s claims, Trump highlighted the unpleasant realities that Americans have to cope with under the Biden administration, including record-high gas prices and an astonishing inflation rate of 14.9 percent.
Renowned economist Peter C. Earle of the American Institute for Economic Research also criticized Biden, telling the Daily Caller News Foundation that “the tagline for Bidenomics – ‘growing the economy from the middle out and the bottom up, not the top-down’ – is simply a rephrasing of a standard political myth.”
E.J. Antoni, a research fellow for Regional Economics at the Heritage Foundation’s Center for Data Analysis, disputed the administration’s assertions about the economy, querying “where the Biden administration is getting their statistics.”
Additionally, according to a May survey by the Associated Press-NORC Center for Public Affairs, only 33 percent of voters said they are satisfied with Biden’s leadership on economic issues.
In contrast, RSBN reported that GOP voters prefer President Trump’s economic strategy over that of any other Republican presidential candidate.
According to a poll conducted by the National Research, when asked who was “best to improve the economy,” the majority of GOP supporters choose President Trump over Gov. Ron DeSantis, R-Fla.