President Joe Biden took to Twitter on Monday, July 17, eager to showcase the positive impact of his economic policies dubbed ‘Abenomics’.
With a sense of pride, he tried to convince Americans that he has succeeded in turning things around, alleging that things are better than before.
“Right now, real wages for the average American worker are higher than it was before the pandemic, with lower-wage workers seeing the largest gains. That’s Bidenomics,” he said in a tweet,
He expressed satisfaction, envisioning a nation where workers are flourishing and their incomes are on the rise.
He believed in the strength of his policies and the positive change they had brought about. Little did he know that his self-praise would be short-lived.
Shortly afterward, he found himself on the receiving end, with Americans bashing him for issuing misleading information.
Several users commented on the tweet, pointing out that inflation has on the contrary risen to a historic high under the Biden administration.
This is not the first time Biden is being accused of trying to mislead Americans, with a similar incident happening in June, when he claimed he cut the deficit by $1.7 trillion.
The claim was flagged by the Washington Post and other fact-checkers, who dismissed it as “highly misleading.”
This comes at a time when the 80-year-old is seeking a second term in office, but even experts agree that he has not been doing as well as he claims.
EJ Antoni, a research fellow for the Heritage Foundation’s Grover M. Hermann Center for the Federal Budget, says that Biden is actually a failure.
“Bidenomics has been defined by 40-year-high inflation, record drops in labor productivity, anemic economic growth, growing credit card debt, rising interest rates, insipid labor force participation, onerous regulation, falling real incomes, and runaway government spending, borrowing, and printing of money,” he told Fox News.
