Bidenomics Is Working Like a Dream
It’s a fantastic campaign slogan, but the reality is a little more harsh.
President Biden and Vice-President Harris came into office on an economic promise of rebuilding the economy “from the middle out and the bottom up”.
That sounds fantastic as a campaign slogan and a promise to unions throughout America.
The reality is a little more harsh and that’s why it's time for this administration to have a reality check.
I wholeheartedly disagree with the ever-famous remark that we have been hearing since the days of President Obama that politicians need to do a better job of “framing” the message so the average American agrees with the message.
It’s not the “framing” of the message that is going to put more money into the hands of the American people.
It is to stop trying to make numbers that don’t work make a political message.
I have an idea that could fix this.
Do a better job of legislating, and a much better job of controlling the amount of regulations being put forth by federal, state, and local unelected bureaucrats.
More on that later. Let’s detail a little more about why Bidenomics isn’t working.
The 2023 Layoff Tracker
I understand that to frame this message better about building an economy from the middle out and the bottom up, there need to be good-paying jobs in the middle and bottom.
However, since June 2023, there have been over 70,000 people laid off in the private sector. The Forbes Layoff Tracker is an incredible tool to be able to use when analyzing what is happening in business today.
Bidenomics started being the trendy phrase in June 2023 also, which isn’t a coincidence.
If you want to hide what is really happening from the American people, the easiest way to do it is to swarm the media and social media with messaging that talks about the glorious comeback the Biden administration is making.
It doesn’t matter if the truth is that there are even more people being put on furlough.
A furlough allows an employee to keep their job during a period of change. Officially, this is mainly what happened to most employees during COVID.
A layoff is a termination of an employee’s position due to matters affecting the business.
Layoffs are tracked, but furloughs for the most part are not.
Virginia Beach-based Stihl recently furloughed 30% of its employees with the intent to bring some of them back once inventory levels adjust themselves through hopefully solid sales.
That’s just one local furlough that I know about because I had several contracts put on hold at the same time as this furlough.
Which brings me to another point of why Bidenomics sounds good, but the harsh reality is different.
For every job that is eliminated, whether permanently or temporarily, there are many more jobs related to that job that are affected. Often, these are sole proprietorship small businesses with too few employees to count.
These businesses are forced to reschedule hiring decisions and often end up closing their doors, especially in rural areas of the country.
The economy is far from booming and it is not the framing of the message that needs correcting.
The Message Needs to Be Corrected
Wouldn’t honest politics be amazing? What if, instead of trying to frame the message so we believe what politicians want us to, politicians actually corrected their message to match reality?
Reality would say that there is trouble on the waters and the private sector is not on the ropes, but not as secure as we all would like it to be.
The message needs to be that there are economic indicators that point toward there being corrections in the private sector.
Businesses over hired, especially in high tech, and now the corrections need to meet the revenue reality.
The correct message would be that America has withstood far greater challenges and that by working together, we can overcome this challenge too.
I know that sounds like a fantasy in the strange world of politics we are experiencing right now, but I believe the American public wants straight messages, not framed messages.