Bidenomics

Bidenomics refers to the economic principles upon which the economic policies of the Biden administration are based. It is a portmanteau term combining the name of the presidential administration with “economics.” Similar terms have been used to discuss the economics of Ronald Reagan as "Reaganomics" and Barack Obama as "Obamanomics".[1][2] An early usage appeared in the Associated Press a week after Biden won the 2020 election.[3] By April 2021, after the administration passed a $1.9 trillion dollar stimulus bill and began proposing additional very large scale economic spending programs, commentators took stock. Paul Krugman, winner of the Nobel Memorial Prize in Economic Sciences, in the New York Times argued that “Bidenomics is as American as Apple Pie.”[4] Greg Ip of the Wall Street Journal provided a comprehensive comparison with the old economic doctrines.[5] Other commentators used the term as well.[6][7]

Biden has described his economics as “building the economy from the bottom up and the middle out.”[8][9]

See also

Notes
  1. John R. Talbott, Obamanomics: How Bottom-Up Economic Prosperity Will Replace Trickle-Down Economics (2015) excerpt
  2. Malan Rietveld, "Obamanomics vs McCainomics-Malan Rietveld looks at the economics of the two presidential candidates in America." Central Banking 19.1 (2008): 31.
  3. Christopher Rugaber and Tali Arbel, "Bidenomics: More stimulus, tougher regulation, and gridlock " Associated Press, November 10, 2020
  4. Paul Krugman, “Bidenomics is as American as Apple Pie: Big spending on infrastructure goes back to the Erie Canal” New York Times. April 1, 2021
  5. Greg Ip. How Bidenomics Seeks to Remake the Economic Consensus, Wall Street Journal April 8, 2021.
  6. Michael Rainey, "A Quick Guide to ‘Bidenomics'" The Fiscal Times April 8, 2021
  7. Robert Reich, "Bidenomics beats Reaganomics and I should know – I saw Clintonomics fail" The Guardian 14 March 2021
  8. Constant, Paul (April 24, 2021). "Bidenomics explained: Why building the economy from the middle out might be the most revolutionary concept in modern politics". Business Insider. Archived from the original on 2021-10-06. Retrieved October 6, 2021.
  9. Coy, Peter (April 1, 2021). "Biden Wants to Build 'From the Middle Out.' Here's What He Means". Bloomberg. Archived from the original on 2021-04-01. Retrieved October 6, 2021.
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