‘Bidenomics’ should take a page from the ‘Clintonomics’ playbook

The Hill ^ | 11/17/2023 | NICHOLAS SARGEN

[ChicagoConservative27]

With the 2024 presidential election less than a year away, supporters of President Biden are worried that his popularity rating is stuck around 40 percent with his handling of the economy the principal reason cited.

A recent Times/Siena College survey of voters is especially concerning: It showed Biden trailing Donald Trump in five of six key battleground states with support fraying from demographic groups — Blacks, Hispanics and younger voters — that backed him by wide margins in 2020.

[ChicagoConservative27]

Nicholas is a dip #$&_. Name me one policy that Clinton came up with about the economy. Can't there is none. It was all the Republican congress.

[BenLurkin]

Clinton benefitted from the “Contract With America” and then took credit for what the Republicans in Congress had accomplished.

[unclebankster]

Clinton didn’t do anything but “surf” on an economic expansion that would’ve taken place with or without Slick Willie.

Those were the heydays of globalization which peaked a decade ago and should continue to fracture throughout the decade.

Biden has no way out no matter what he does, he’s the “fall guy” for a painful economic realignment that has to happen.

[jimfree]

Clintonomics was largely a Gingrich program.

[weezel]

Yeah, he should take a page from klinton. On klintons 1st day, GDP was growing at better than 4%. By time the first midterms came up, he along with a dim-0 congress had shrunk that to barely 2%. Republicans took over both houses of congress and the best times economically that we’d seen up till then followed, until ken lay and friends boosted the stock market way out of proportion and then SOLD OUT, leaving grannies who were about to retire on their 401Ks, with nothing. That brought on the recession that was blamed on GW Bush.

[blackdog]

Ahem....Newtonomics.

[MinorityRepublican]

Clinton also benefited from favorable demographics. The Baby Boomers were in the prime of their life. Less dependents to support back then.

[mfish13]

Clinton did way with Glass-Steagal, which allowed banks to bundle bad loans. Then he increased the mandates of the CRA which pushed bad mortgages on people that could not afford them down the road when the ARM kicked in. That happened under George Bush and we had the loan crisis. All thanks to Bill CLinton.

[TwelveOfTwenty]

The reason Americans aren't impressed with Biden's "robust" economy is that replacing three full time jobs with benefits, with five part time jobs without benefits, is not job growth.

As for Clinton, he inherited the end of the Cold War, the tech boom, and later Y2K, none of which had anything to do with his policies. When he left, the tech boom went bust, manufacturing was already leaving for China thanks to his trade deals, and we had an unchecked Bin Laden to deal with.

No thanks to a repeat of that.

[TwelveOfTwenty]

the tech boom went bust should have been the tech boom had already gone bust. A year before he left, in fact.

[ridesthemiles]

Credit for that belongs to NEWT