Presidents often get legislation or policies named after them. Ronald Reagan had Reaganomics. Barack Obama had Obamacare. Donald Trump had lots of bullshit indictments.
And our pal Puddin’ Head Joe has Bidenomics.
While Leftists are bending over backwards to make Bidenomics look successful, even to the point of saying Puddin’ Head Joe doesn’t want to take credit for the success and telling people things are better than they seem. And in between suggesting the average American isn’t smart enough to realize how great things are right now.
Well, put on your hip waders, kids, because this shit is gonna get deep.
Bidenomics
What the Left thinks it means – Joe Biden’s successful economic plan that is bringing us out of the dark economic times following COVID-19
What it really means – trillioning down on a failed economic model that only works in theory
There once was an economist named John Maynard Keynes. And unlike the man from Nantucket from the dirty limerick, Keynes is entertaining for a completely different reason: his economic theories. Normally, this shit would be as boring as a mayonnaise sandwich on white bread, but in his time he advanced the radical notion that the government had the ability to create wealth and stability by spending money. This idea, called Keynesian economics, has been lauded by Leftists as valid. There’s just one problem.
It doesn’t work. Ever.
The major flaw in Keynesian economics is it overvalues the power of the government to fix economic problems while undervaluing the power of the government to cause economic problems. When government spends money to create jobs, it’s always our tax dollars at stake, and we don’t have the power to fire them when they fuck up like Hunter Biden’s Narcotics Anonymous sponsor. Throw in the sometimes confusing and no-competence-needed approach to government contracts, and you have the recipe for work not getting done well, thus wasting our money.
Can you say The Big Dig, boys and girls? I knew you could.
As far as the government controlling/stabilizing the economy through spending, they can’t even follow the laws they pass, let alone the laws of economics. At best, the government can move the needle in one direction or another by taking certain actions, like cutting taxes or spending money on a government grant to research why modern pop music sucks. The real power of any economy lies with the consumers. Just ask Bud Light.
When a private entity spends a dollar, it’s done in the expectation it will stimulate growth. When government spends a dollar, it’s done in the expectation it will stimulate growth…of the government itself. In other words, a private dollar spends differently than a government dollar because of the purpose of the expenditure. Keynes didn’t see the distinction, which has caused many a Leftist to follow suit.
Unfortunately for us, Puddin’ Head Joe seems to be a Keynes groupie, considering much of Bidenomics is right out of the Keynesian playbook. Then again, he was caught plagiarizing, so it may not be that surprising after all.
What is surprising, however, is how the Left is trying to portray Bidenomics as a raging success. They tout lower unemployment and decreased inflation as proof, and it’s hard to argue with the numbers.
That’s why I’m going to do it.
The same Puddin’ Head Joe administration that is taking credit for slashing inflation saw it hitting a 40 year high of 9.1% waaaaaaaaaay back in July…of 2022. As far as unemployment, Leftists tell us it’s at a historic low. But no one on the Left is digging into why it’s so low, mainly because it may be more due to job recovery than job creation. Nor are they willing to admit Donald Trump did it before Puddin’ Head Joe took the oath of office.
This leads to several questions, none of which the Left is prepared to answer. Let’s start off with the obvious: how in the Wide World of Fuck did Puddin’ Head Joe become President? More to the point, though, is why don’t people believe the economy is getting better. Well, aside from having to take out a third mortgage and work 14 jobs a week just to buy a day’s worth of groceries, I don’t see where they are getting the idea the economy is a dumpster fire the size of two sumo wrestlers or one Lizzo.
Seriously, though, I do see why. For all of the economic successes we’re allegedly having, it’s not translating to success at home. And, no, it’s not because Bidenomics has been rolled out worse than the Obamacare website. It’s because, like the Obamacare website, it’s being run by people with no business running it.
Look at who Puddin’ Head Joe put in charge of his economic policy. I don’t know them personally, but judging by their backgrounds and the results going on in real time, I wouldn’t trust them to run a 5k, let alone an economy. Why not go all in and appoint Paul “The Internet’s Impact On the Economy Will Be No Greater Than the Fax Machine’s” Krugman to run the economy. At least we know he will be wrong from the jump instead of having to wait for more proof. And if we do the exact opposite of what Krugman says, we’re guaranteed to be successful.
If you take a look at the people behind Bidenomics, though, you should notice not a lot of them have actual work experience outside of government and think tanks. They don’t seem to know what Joe Six Pack and his family deal with on a regular basis, which taints their thought processes. Well, that, and being part of the Leftist Hivemind. That disconnect between the policy makers and the policy victims drives a lot of the feelings that the Left doesn’t understand what’s going on outside of the Beltway Bubble.
So, instead of trying to close that information gap, the Left simply tells us to shut up and look at the numbers. Oh, and vote for Puddin’ Head Joe in 2024 to keep the good times rollin’! Of course, that’s assuming you can afford to pay for gas to get you to the polling place in 2024 without having to betroth your daughters to a Washington bureaucrat in exchange for dowries.
Or your sons because DC swings all ways, baby!
I do have to agree with Puddin’ Head Joe on one aspect of his economic philosophy. He once said, “Don’t tell me what you value, show me your budget, and I’ll tell you what you value.” And he’s exactly right. Based on recent spending requests, Puddin’ Head Joe’s values apparently involve Ukraine, but not so much America. So, sleep well knowing our President is working hard…for another country.
On the bright side, Puddin’ Head Joe proves Keynesian economics is bullshit, so yay, I guess?
Bidenomics is a Jar Jar Binks level stupid idea based on ideas that have been tried by previous economic illiterates and failed every time. It’s cold comfort when your monthly expenditures look like a telephone number, but like a kidney stone, this too shall pass. And it will be just as fucking painful until it does.
