Republicans with ambitions to move into the White House have a love-hate relationship with Bidenomics. Former occupant Donald Trump has called President Joe Biden’s economic record a “disaster,” while Florida Governor Ron DeSantis recently emphasized an “economic malaise” under the sitting U.S. commander-in-chief. At the same time, both challengers are echoing some of the incumbent’s most ambitious efforts.
,” which includes achieving 3% GDP growth, compared to the 2.4% pace in the second quarter, and “reining in” the Federal Reserve, whose interest rate hikes have arguably helped reduce inflation. The list also includes a vague call to reverse the president’s “job-crippling” executive orders and end allfor socially conscious investing. More than 13 million jobs have been added since Biden took office while the unemployment rate stood at a low 3.6% as of June.
Both the DeSantis and Trump campaigns also have touted American “energy independence” as part of their agendas, yet the approaches will likely mirror Biden’s. Fossil-fuel usage has held steady since the 45th president was elected, despite his push for renewables. Crude oil and natural gas account for two-thirds of U.S.
So too would any positions on Beijing and manufacturing. DeSantis calls for “taking back control” of the economy from China, while Trump has said his trade policies will end Chinese imports of essential goods. Both sound a lot like “de-risking,” the Biden administration term for its industrial policy. The CHIPS Act the presidentlast August includes $77 billion to support a domestic semiconductor industry.
There may be Republican rhetoric that appeals to voters, but much of Bidenomics will probably be around for a while.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
The Republicans Biden can thank for key parts of 'Bidenomics'As President Joe Biden and his Cabinet fan out across the country touting his economic record, major features of 'Bidenomics' would not be possible if not for Republican support in Congress for a $1 trillion infrastructure measure and a U.S. semiconductor production bill.
Weiterlesen »
Majority of voters say income isn’t keeping up with inflation as White House touts BidenomicsA majority of Americans are not feeling the touted benefits of the Biden administration's economic agenda, as most voters say their incomes are not keeping up with inflation.
Weiterlesen »
What Bidenomics is and why the White House thinks it's a winning 2024 messageThe White House and President Joe Biden's 2024 reelection campaign are betting that a simple slogan will help carry the president to a second term.
Weiterlesen »
Reaganomics, not BidenomicsThe United States has a problem: Economic freedom is under threat. The Heritage Foundation’s 2023 Index of Economic Freedom gives the U.S. its worst rating since the first index in 1995. Accordingly, as many as 16 European countries now enjoy more economic freedom than the U.S.!
Weiterlesen »
Biden officials blanket US for August 'Bidenomics' blitzPresident Joe Biden will start August vacationing in Delaware, but senior White House officials plan to use the summer recess to continue the president's nationwide 'Bidenomics' tour.
Weiterlesen »