As the holiday season approaches, many Americans are struggling to make ends meet due to the current state of the economy. President Biden’s economic plan, known as Bidenomics, aimed to “restore the American Dream,” but has fallen short of that goal.
With conflicting reports about the macroeconomy, some are speculating that a recession may be imminent or already occurring. In October, economist Paul Krugman tweeted that inflation had ended based on a chart that excluded essential items such as food, energy, shelter, and used cars. This tweet was met with criticism, highlighting the disconnect between the economy’s overall performance and people’s daily struggles.
According to Biden and some economists, the economy is doing well, but this perspective may not reflect reality for those who need to purchase or finance essential items. This raises questions about whether Biden’s economic plan is truly designed to help people achieve the American Dream, especially when basic necessities become increasingly expensive.
In light of these challenges, it’s worth considering what would constitute a nightmare under Bidenomics, especially as prices for items like a 6.25 pound package of chicken breasts continue to rise.