Bidenomics Equals Bidenflation

Alfredo Ortiz, president and CEO of Job Creators Network, released the following statement on President Biden’s remarks on Bidenomics today:

“President Biden claim “Bidenomics” is responsible for today’s economic conditions. He’s right, but not in the way he has in mind. Bidenomics provisions of reckless spending, anti-energy policy, and overregulation have led to historic inflation that’s reduced Americans’ real wages and living standards. Over the course of his presidency, the cost of goods and services has increased by 16%, and some items, such as food, have increased by 20% or more. This inflationary environment is especially difficult for small businesses. According to JCNF’s SBIQ poll of national small business owners, respondents overwhelmingly rate inflation as their biggest concern. When small businesses and ordinary Americans hear BIdenomics, they think Bidenflation. Bidenomics is nothing to brag about.”