As the holiday season approaches, American families are facing tough choices due to the current state of the economy. President Biden’s economic plan, known as Bidenomics, was intended to “restore the American Dream,” but it seems that it has fallen short of this goal.
There are conflicting reports about the state of the economy on a macro level. Some experts predict that a recession is either imminent or already happening. In October, economist Paul Krugman tweeted that inflation was over, based on a chart that excluded essential items such as food, energy, shelter, and used cars. This tweet sparked backlash from those who pointed out the disconnect between the economy’s performance and people’s daily struggles.
While President Biden and some economists argue that the economy is doing well, this may not reflect reality for those who need to buy or finance essential items. This raises questions about whether Biden’s economic plan is truly designed to help people achieve their American Dream when basic necessities become increasingly expensive.
In light of these challenges, it’s important to consider what would be considered a nightmare under Bidenomics as we approach the holiday season and families struggle to make ends meet with rising prices for items like 6.25 pound packages of chicken breasts.