Amid tenacious inflation and low approval ratings, President Joe Biden touted “Bidenomics” as the best economic path forward before a Chicago audience.
“Guess what? Bidenomics is working,” Biden said Wednesday.
His address at Chicago’s Old Post Office comes as only 34% of Americans say Biden has handled the economy well, according to a survey by The Associated Press and the NORC Center for Public Affairs Research.
Critics often have referred negatively to the president’s
economic policies as “Bidenomics,” and now he apparently is seeking to rehabilitate that term. Signs featuring the word “Bidenomics” surrounded him during the speech.
Biden said that The Wall Street Journal and the Financial Times invented the term.
“I didn’t come up with the name,” the president said, to some laughter. “I really didn’t. I now claim it, but they’re the ones that used it first.”
At one point, while criticizing “trickle-down economics,” Biden digressed to say: “If my mom were here, God bless his soul.”
At another point, Biden asserted: “We’re replacing every single lead pipe in this country and putting our healthier—our children’s health back directly.”
Biden made several claims in the speech that were unverifiable, unusual, or plain false.
Here are five questionable passages in the president’s speech.
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