Internal divisions within the Democratic Party have surfaced as some members reportedly advise President Joe Biden to reconsider his economic policies, collectively referred to as “Bidenomics.” The unsolicited advice follows recent polls revealing that only 14 percent of voters feel financially better off under Biden’s leadership, creating challenges for the president’s re-election prospects.
Politico’s Jonathan Martin, who conducted interviews with numerous Democrats and never-Trump Republicans, highlighted a prevailing sentiment among some Democrats to discard the term “Bidenomics” and reconsider their economic messaging strategy. According to Martin, there is a belief that attempting to convince voters of economic improvements under the current strategy may be futile, emphasizing the need for a shift in messaging.
“Bidenomics” is defined by the White House with three key pillars: making smart public investments in America, empowering and educating workers to grow the middle class, and promoting competition to lower costs and support entrepreneurs and small businesses. However, internal dissent suggests that this economic message may not be resonating with voters, particularly amid concerns about rising costs for housing, gas, and groceries.
A recent survey conducted by Financial Times-University of Michigan’s Ross School of Business underscored the challenges facing Biden’s economic policies. The poll indicated that only 14 percent of voters believe they are financially better off since Biden assumed office. Additionally, a significant 70 percent of voters expressed dissatisfaction with Biden’s economic policies, with one-third stating that these policies have “hurt the economy a lot.”
The reported internal dissent within the Democratic Party reflects the broader challenge for Biden to convince voters that his economic strategies are effective and beneficial. As the 2024 election approaches, Democrats face the task of reconciling differing views within the party to present a cohesive and compelling economic message to voters. The debates within the party underscore the complexities of navigating economic policies that resonate with a diverse electorate.
Biden’s trillions of dollars in reckless & inflationary overspending destroyed our standard of living.
EVERYONE feels the debilitating impact of rising prices.
Even Democrats are starting to realize the disastrous mistake they made.
Bidenomics is synonymous with failed policy. pic.twitter.com/89ExiBZkUx
— Congressman Byron Donalds (@RepDonaldsPress) November 6, 2023