Bidenomics .. or .. BidenComics (2024)

Bidenomics is a catchy word jumble that failed to catch on. Those who propagated the term as a positive description of our current economy are delusional. The fact the catchphrase has failed to sway the public is another positive sign of an awakening public. Catchy made-up words, despite serial repeating by talking heads are no longer a sure-fire method of swaying public opinion. People are no longer as gullible as they once were. This is perhaps one of the positive results of our recent plague, an awakening to the prattle of talking heads that claim the sky is bright blue when observation reveals it to be light gray.

For the average American family Bidenonmics is more accurately described as BidenComics. For those who are W2 wage earners, or small businesspeople, the current economy is on the brink of disaster. The various layers of government, led by our central government, are awash in debt. Current bills that repeat year over year are paid with the dollars of the unborn. The current fiscal year will close with over a trillion dollars allotted to debt service. That is a trillion dollars skimmed from the private sector that has no current benefit to but a very few. States, often bound to a balanced budget by their Constitutions, accumulate trillions more of debt through bond issue work arounds that keep the red ink in a separate ledger and pretend it is not an actual budget line. Localities follow suit using much the same methodology.

Now to be certain, fair actually, the current crop of boneheads did not invent this house of cards. BidenComics has however put the system of smoke and mirrors on steroids. It is as if the Rose Garden has suddenly transformed into an orchard of money trees.

The talking heads, with full support of our national media full of alphabet experts, tell us all is working fine. Inflation is down, employment is up, wages are increasing, and of course the stock market is on a roll. However, when we examine these assertions, we find something completely different. When we reach into our pocket to pay for living expenses we expose the lies being told.

Yes, inflation is down from where it was, but it is still a full 250% higher than it was prior to the inception of BidenComics. The current rate is also a compound on the previous high inflation that has raised our grocery bill by as much as 25%, our fuel by 50%, and our power bills by 20% just to name three bedrock family expenses.

Yes, employment is up from the artificial levels impacted by State government shutdowns of the economy. By golly we have even very recently reached the numbers of working people that we had prior to the recent plague. Very few new meaningful jobs have been added. We have simply refilled those jobs effected by previous government action. The number of people who receive various government benefits has increased. Not a sign of a healthy economy but surely a byproduct of BidenComics.

The stock market is certainly up, currently a bit over 39,000 at the DOW. It has largely priced between 36,000 and its current high since the inception of BidenComics. The Dow was at 31100 the day our current President took office. It closed yesterday at 38,400. That is an increase of 23% give or take a point. The increase simply reflects the BidenComics inflation our economy has been subjected. There is no apparent real growth. If we apply the same formula to the broader indexes such as the Russell 2000 which is actually a better indicator of Main Street health we find the index is currently at 2045. In January 2021 it stood at mid 1800’s, a barely 10% increase. Less than half the BidenComics inflation rate.

Simply put, despite talking head prattle our economy is on the brink. Any claimed improvement is debt based, both in the private and public sectors. We are being lied to in an effort to continue a very sick status quo.

BidenComics is a tragic comedy.