Since assuming office, President Joe Biden has implemented an economic agenda known as Bidenomics , aiming to replace the dominant greed based Chicago-school economic approach with a more effective and inclusive set of economic principles. This article examines key elements of Bidenomics, comparing it to past policies and exploring its potential to drive job growth, address income inequality, and promote competition. Job Growth: Contrasting Strategies A notable distinction between the Biden and Trump administrations' lies in their approaches to job growth. The Trump administration relied on "trickle-down" theory, promising that tax cuts for the wealthy would benefit everyone. This policy proved ineffective. In contrast, Bidenomics adopts a "bottom-up" approach that prioritizes support for the middle class and working families. Under President Biden, the United States has witnessed a resurgence in job growth. By focusing on investments in infrastructure, clean e...
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