Staff Reports
Politico has finally found the courage to ask a question that many Americans have been shouting for years: Was Bidenomics really the economical disaster that everyone outside the echo chamber of the left already knew it was? The publication, often seen as an extension of the Democrat playbook, has taken a rare leap into the land of reason and logic. The existential dread of this inquiry must have felt akin to a skydiver in a bamboo torture chamber. One can only imagine the sweating palms and shaky knees as they faced the truth that, yes, Biden’s economic policies might just be the colossal blooper reel everyone else has recognized.
The catalyst for this epiphany was an article from Foreign Affairs, written by none other than Jason Furman, a former chair of Obama’s Council of Economic Advisers. While the academic elite that run Politico and their cronies might feel inclined to tiptoe around the reality, Furman didn’t hold back, pointing out the monumental failures inherent in Biden’s grand economic agenda. The infrastructure spending that was supposed to pave the way for progress turned into a bureaucratic nightmare, where the price tags skyrocketed and success became a cruel mirage. In essence, all that taxpayer money vanished like a magician’s assistant and left behind shadows of red tape instead of actual projects.
Let’s not overlook the $1.9 trillion “American Rescue Plan,” which Furman speculated was not only excessive but misguided. According to his analysis, at least $650 billion could have plugged the economic gaps without sending our national debt into hyperdrive. But who needs fiscal responsibility when doling out handouts offers a nice catchy slogan? It seems that the Biden administration thought they could sprinkle fairy dust on the economy, and despite the deficits ballooning higher than a hot air balloon festival, they were hopeful for the best.
Yet, Bidenomics was never really about economic recovery or financial prudence. It was always about nurturing cronyism and political favors under the guise of climate initiatives and social programs. With a fresh analysis landing out in the open, it’s high time the curtain was pulled back on Biden’s economic policies, which essentially amounted to redistributive nonsense. A recent example that raised a few eyebrows was the Environmental Protection Agency’s generous $2 billion grant to a freshly minted organization tied to political insiders, while taxpayers are left holding the bill. This was classic Bidenomics: stuffing money into the hands of allies while turning a blind eye to the actual health of the economy.
"Destroy wealth. Hamstring wealth creation. Hand whatever remains to grubby-palmed insiders.
That's Bidenomics."
Politico Finally Notices That Maybe Bidenomics Wasn't so Great, Ackshully https://t.co/Yy87lobeDv
— Lady Gray (@ladyingraytn) February 20, 2025
As Politico now tiptoes back to the surface, having finally acknowledged the train wreck that was Bidenomics, the uncomfortable truth remains: the party must ditch anything associated with Biden. The sudden turn against him isn’t just because of the economic fallout; it’s about self-preservation as Democrats scramble to construct a suitable narrative moving forward. Furman’s analysis could well be the party line’s ticket to a makeover—a brilliant PR stunt in the making to wipe away the stains of the past and to clinically avoid the blame that is creeping closer like a dark cloud during a summer storm.
What will this mean in the long run? It looks like another rebranded attempt at the same failed policies that bogged down the previous administrations but with an updated face, all wrapped in social justice rhetoric and environmental wizardry. Somehow, Americans are expected to trust that this time, it’ll work out—spoiler alert: it won’t. Bidenomics was never about sound economics; it was a playground for political power players who understood that when the going gets tough, the tough get to hand out other people’s money.
