NW Valley Times

Utilizing platform X, previously known as Twitter, Arizona Rep. Debbie Lesko criticized President Biden's economic strategy, commonly referred to as "Bidenomics." Lesko shared images of CBS poll findings that depicted dissatisfaction with the current state of the U.S. economy.

"Still think 'Bidenomics' is working, President Biden?"

Based on recent surveys, 64% of Americans perceive the U.S. economy as struggling, with 56% expressing uncertainty, and a mere 11% believing it is expanding. 

President Biden's overall approval rating has seen a significant decline, dropping from 62% in 2021 to 40% this year. Similarly, his approval rating on handling the economy alone has decreased from 60% to 34%. 

Regarding their financial status, 52% of Americans reported staying in place, while 35% admitted to falling behind. A minority of 13% claimed to be making progress and getting ahead financially, according to CBS News.

Biden's declining approval rating can be linked to concerns surrounding inflation and issues within the U.S. economy. Despite this, Biden maintains that his economic policies, known as "Bidenomics," are effective. 

Democrats associate the term Bidenomics with positive aspects like "job creation," "investment in infrastructure," and "support for the poor" and "middle class." Conversely, Republicans associate it with negative implications such as "higher inflation" and "tax increases" according to CBS News.

The grassroots organization Americans for Prosperity made a letter available on their website for the public to sign, which will be automatically sent to lawmakers.

The letter addresses concerns about inflation, and government spending, and criticizes Bidenomics for its impact on the struggles faced by Americans. It emphasizes that the priority should be to "empower the American workforce (rather than union bosses), unleash American energy abundance (instead of engaging in a war on coal and gas), and end wasteful spending (in order to tackle inflation and lower interest rates)," according to Americans for Prosperity.

"The more money Joe Biden has the U.S. government pump into our economy, the worse the situation becomes," the letter states, according to Americans for Prosperity. 

"Yet politicians in Washington continue to use the pandemic, corporate greed, and geopolitical instability to justify more runaway spending. It’s time for our government to take accountability for the out-of-control spending and burdensome regulations that are hurting working Americans. Bidenomics is nothing to brag about."