'Bidenomics' is a total failure, Washington Examiner says

President Joe Biden might claim otherwise, but the U.S. economy is in worse shape than it has been in decades. Just ask anyone who has to buy groceries or fill up their fuel tanks, or who needs to purchase a home.

The term "Bidenomics" was first used by the president's critics to mock the president's economic disaster, but the White House ultimately adopted it as something positive to develop a false narrative that it's actually working.

Everyone knows it's not.

The Washington Examiner editorial board made clear in a recent piece that Bidenomics is nothing short of a national disaster and a stain on the United States.

"His policies pointed the economy into a ditch from the start. Borrowing trillions of dollars to goose a boom already underway before he came to office sprayed gasoline onto a red-hot post-pandemic engine, and inflation burst into flames," the outlet wrote.

It pointed out that voters are now placing their trust in Republicans over Democrats on matters related to the economy.

"Now that this inflation is wreaking havoc on the economy, particularly for lower-income voters, both the name and the underlying policies of Bidenomics are proving to be political mistakes. According to the latest Gallup poll, a record-high percentage of voters trust Republicans, not Democrats, to manage the economy," the Examiner wrote.

The outlet noted that U.S. voters no longer see the Democratic Party as the party of the working class, as its mostly run by wealthy elites who do absolutely nothing to help working-class Americans.

The Examiner noted, "It is easy to see how Biden and the Democrats blundered. The Democratic Party is no longer the party of the working class. Activists who run the party, and the donors who fund it, are wealthy college-educated people. For them, the economy is splendid."

Making matters even worse for the American public is soaring interest rates, which have crippled many industries, including the home and auto sectors. Americans simply cannot afford to make major purchases with interest rates as high as they are.

That has a cascading effect on numerous other industries, jobs, and livelihoods.

"According to the Federal Reserve, Americans owe more than ever before in credit card debt. With interest rates on credit cards rising from 14.75% when Biden came to office to 20.68% today, Bidenflation is hitting people with high prices on what they buy now and high finance costs on what they bought yesterday," the Examiner wrote.

Meanwhile, Biden and his surrogates are still crisscrossing the country, spreading disinformation about the current state of the economy, but not many are buying it.

The sooner that the White House and Democrats abandon the term "Bidennomics," the better.