If people remember the things you didn't deliver on and forget the things you did, it's probably because the things you didn't deliver ( #healthcare, #jobs, #prices) were important, and the things you delivered were forgettable. #bidenomics

Can economic data really shape public perception? Paul Krugman and Jared Bernstein delve into how the Biden administration's economic policies are viewed amidst contrasting sentiments about Trump's strategies. They analyze how entrenched memories and social media influence negative public sentiment despite strong GDP growth. The discussion covers inflation narratives, supply chain issues, and the effectiveness of Trump's tariffs. For a deeper understanding, read the full article here: [Source](https://paulkrugman.substack.com/p/from-bidenomics-to-trumponomics-a) #Economics #Inflation #Bidenomics #Trumponomics #PublicPerception

#Dow rallies 500+pts with an assist from the Fed:

Stocks rallied on Wednesday as the Federal Reserve forecast it would still cut interest rates two times in 2025.

But Christine Romans reports Jerome Powell also remarked several times on the "remarkable unpredictability" of #Trumponomics.

Also says soft data's still falling apart (eg, consumer confidence) even as hard data's still benefiting from #Bidenomics.

https://www.cnbc.com/2025/03/18/stock-market-today-live-updates.html

The world’s most widely followed #StockMarket benchmark slid into a correction on Thurs, a drop that underscores how the 2-yr-long bull market [#Bidenomics] is running out of steam in the early days of the #Trump admin.

The move stems from investors’ growing pessimism about the whipsawing policy pronouncements from Trump over the past few weeks. On-again, off-again #tariffs & #MassLayoffs of #FederalWorkers have fomented unease on #WallStreet.

#economy #Trumpcession
https://www.nytimes.com/2025/03/13/business/sp-500-stocks-market-correction.html?smid=nytcore-ios-share&referringSource=articleShare&sgrp=p&pvid=2AF81A08-DB10-4E54-BA71-32F938B4D01C

Can't Say #trumpadministration is not effective: Erasing 4 trillions of the #Bidenomics sure is effective!
And it's only starting!

Let's all brand it: #Trumpcession and #Trumpflation -- as we long for the successful #Bidenomics.
Hopes of US golden age fade as investors start to worry about ‘Trumpcession’ risk
https://www.theguardian.com/us-news/2025/mar/05/hopes-of-us-golden-age-fade-as-investors-start-to-worry-about-trumpcession-risk

while telling everyone & getting all the big papers to print articles saying how evil work from home is and how lazy all those slobs are who want to do that are, coproworld has been hiring workers overseas to work from home at a 10% savings. this report shows how hiring has been going like gangbusters all while they keep saying they are gonna bring all the jerbs home #Bidenomics meet #MAGAnomics
https://www.reveliolabs.com/news/business/american-companies-are-offshoring-high-paying-remote-friendly-jobs/

"Bidenomics encapsulates something fundamental about the Democratic Party. Since the New Deal, one cornerstone of its approach to governance has been to subsidize and insure corporations and firms engaged in providing housing, health care, high-tech manufacturing, and other activities that might contribute to the common good. Rather than call this industrial policy—with its connotations of smokestacks and state planning—this bundle of strategies is better understood as market-making. In a country as conservative as the United States, it has some political sense. It allows Democrats to shape economic and social outcomes in ways that deflect right-wing accusations of governmental overarch; it tries to align progressive social goals with the interests of capital, which might otherwise lash out or simply flee the country. Perhaps most importantly, from the 1930s to the 1960s it was subsumed within a larger and more robust welfarist agenda that did offer direct benefits like public works employment while also significantly expanding the public social safety net: Social Security, Medicaid, and Medicare were all established in this period.

In subsequent decades, however, as unions declined and public-sector austerity took hold, the political expedience of market-making gradually colonized the entirety of the Democratic imagination. A paradigmatic example of this shift is Obamacare. Rather than deliver a genuinely public option, the Obama administration created a highly complicated system of incentives and subsidies to expand access to private insurance markets—which drove up costs, led to massive windfalls for insurance companies, and ceded ever more control over our lives to health care corporations. Even as it takes root through public policies, Democratic market-making has in fact thinned the relationship between citizens and the state, which has come to depend on the interests and whims of capital to act."

https://www.nybooks.com/online/2025/01/15/bidenomics-farewell-to-an-idea/

#FAFO The White House Is Wiping Out Millions In Tax Debt Before Trump Takes Office

The IRS is receiving a record number of applications for the Fresh Start Program, which reduces or erases tax debts. Thanks the Inflation Reduction Act (IRA), the IRS has been able to approve more applications than ever before.
Republican officials have proposed tax policies that could significantly change the program – or even kill it altogether.
#bidenomics https://freshstartinformation.org/white-house-wipes-out-millions-in-tax-debt-before-trump-takes-office/

#Bidenomics Was Wildly Successful

https://newrepublic.com/article/189232/bidenomics-success-biden-legacy

#bidenomics #trump #covid

“ But however voters felt about President Joe Biden and Vice President Harris’s management of inflation—or immigration, or crime, or anything else—the fact remains that the administration oversaw an incredible economic recovery and then kept it going. None of that would have been possible without the Biden administration’s embrace of novel economic policy, now known as “Bidenomics.”

By nearly every metric, Bidenomics was a roaring success.” https://newrepublic.com/article/189232/bidenomics-success-biden-legacy

Name another one-term president with this record of economic and social advancement.
You won't find them. And guess what, I challenge any other future president to do it again.

Biden pardoning his son was at least "relatable".

Pardoning a judge that sent kids to jail in exchange for bribes has no redeemable angle.

Two Ute nations receive grant funding for affordable #housing. #Bidenomics works. https://www.kkco11news.com/2024/12/10/two-ute-nations-receive-grant-funding-affordable-housing/ #NativeAmerican #Indigenous #USPol #Colorado

#NewOrleans Leads Nation in Decline in Violent Crime Despite Tragic Events Taking Place During Holiday Weekend. #Bidenomics works. https://ladatanews.com/new-orleans-leads-nation-in-decline-in-violent-crime-despite-tragic-events-taking-place-during-holiday-weekend/ #Louisiana

US adds 227,000 jobs in what analysts say is a healthy economy https://scdailygazette.com/2024/12/09/us-adds-227000-jobs-in-what-analysts-say-is-a-healthy-economy/ #JobsReport #Bidenomics #USPol

“Polls do establish that a large majority of voters gave Bidenomics a low grade. A sense of failure weighs on [Biden’s economists], despite their good intentions and best efforts. They were repudiated—so say the polls—and for the sake of future policy battles, it is worthwhile to try to understand why.”

#Politics #USPolitics #Economics #Bidenomics #Election2024 #ElectionsMatter #EconomicPolicy

https://www.thenation.com/article/economy/bidenomics-failure-inflation-voters/

#JoeBiden, #Biden, #Bidenomics, #BuildBackBetter, #InflationReductionAct, #infrastructure, #AmericanInfrastructure, #democracy, #EditorialCartoon, #PoliticalCartoon, @Rattoons1776

https://crooksandliars.com/2024/11/last-thoughts-bidenomics?utm_source=social&utm_medium=twitter&utm_content=96358