Commentary

Are Ordinary Americans Buying 'Bidenomics'?

By Veronique de Rugy
Thursday, September 21 2023

As election season approaches, Democrats are touting the economic results of Biden administration policies aimed at improving the lives of working Americans and creating a more equitable economy. But ordinary Americans aren't feeling the so-called success of "Bidenomics." Superficially, the economy looks solid. As measured by real GDP, it increased at an annual rate of 2.1% in the second quarter of 2023. While August's unemployment rate rose to 3.8%, that's still considered full employment by economists. Wages are rising, and we are often told that we're in a manufacturing boom. But…

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