Morgan Stanley Credits ‘Bidenomics’ for Economic Surge
Morgan Stanley Credits ‘Bidenomics’ for Economic Surge
Morgan Stanley is crediting President Biden’s economic policies with driving an unexpected surge in the U.S. economy that is so significant that the bank was forced to make a “sizable upward revision” to its estimates for U.S. gross domestic product, CNBC reports.As a result of these unexp
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What exactly is “Bidenomics”? What are the policies he has implemented? Non American here.
The White House has an article on the subject over here: https://www.whitehouse.gov/briefing-room/statements-releases/2023/06/28/bidenomics-is-working-the-presidents-plan-grows-the-economy-from-the-middle-out-and-bottom-up-not-the-top-down/
Cheers
fwiw, it is also an "attack" from Republicans who claim the economy is a disaster. The Biden admin co-opted the term - similar to what they did with the "Dark Brandon" meme.
The Democrats always claimed the economy was a disaster under Trump. This will always happen with the opposition party.
well I mean it was disastrous but I am not sure the blame lies entirely on Trump. His response to COVID could have been different thats for sure. He could of not disbanded the agencies in charge of managing and planning for such an event...It might have been better to have far more competent people in charge than say his son-in-law...Ya know it really would have been beneficial if he had not used it as an opportunity to enrich his donors...on that note it would have been nice if he had headed the simple warnings given to him by security professionals on how to implement distribution...He probably should not have given out PPP to large corporation with plenty of capital before he gave it to small businesses...man he could have done more to convince his following to get vaccinated and given a more unilateral messaging to the public in general regarding following mandates. Ya know what fuck that guy.
Kenyesian economic