Biden slams ‘MAGAnomics,' ignores Hunter’s legal woes in first speech since indictment
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Biden Criticizes 'MAGAnomics' as Govt Shutdown Looms
Last updated Sep 15, 2023
Image credit: President Joe Biden [via Wikimedia Commons]Facts
- Pres. Joe Biden criticized Republicans while contrasting his "Bidenomics" with what he called "MAGAnomics" in a speech Thursday afternoon in Largo, Maryland
- Biden’s speech came while the government could be on the brink of its fourth shutdown in 10 years if the GOP–led House and Democratic-led Senate don’t pass a funding bill that Biden can sign.
- Speaking at Prince George’s Community College, Biden said, "They’re [Republicans] are back at it again, breaking their commitment, threatening more cuts and threatening to shut down the government again."
- Biden told the crowd that he’s created 30M jobs since taking office and that Republicans attack his economy despite America having "the strongest economy in the world." He also slammed House Republicans for proposing "devastating cuts" to federal programs.
- He cited a budget from the House’s Republican Study Committee, which proposes cutting $16.3T over the next decade, calling it an “extreme” cut to Social Security, Medicare, and Medicaid. The RSC says that it doesn’t affect those programs and only makes a slight adjustment to the retirement age.
- Even as Biden touts his accomplishments, most Americans believe his policies have made the US economy worse. A USA TODAY poll shows that 70% of Americans believe the economy is getting worse, while only 34% approve of Biden’s handling of the economy.
Spin
Republican narrative
Biden showed a stunning lack of self-awareness by touting his failing economy. Americans know they’re far worse off now than they were before he took office. Even as the media covers for him, Americans aren’t falling for Biden’s erroneous claims about the strawman he calls "MAGAnomics." His atrocious economic record will be his downfall.
Democratic narrative
In the face of constant smears and attacks from Republicans — and now the threat of a reckless GOP-led government shutdown — Biden’s sound economic plan has yielded positive results and should propel him to re-election. He took over an economy in the middle of a pandemic and had to navigate a global supply chain crisis, but things are back on track. Biden’s robust economy is worth boasting about.
Nerd narrative
There's a 50% chance that President Joe Biden will have a net approval rating of at least -11.2 by November 2024, according to the Metaculus prediction community.
