Is Bidenomics Working?

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OnThePoint commentary by Greg C. Truax airs each week on WHBO AM 1040.

The economy is daunting for many Americans.

This is Greg C. Truax with OnThePoint.

While President Biden champion’s his economic agenda, dubbed Bidenomics, an eye-popping 60 percent of Americans in an ABC News poll disapprove of his economic management. 

Core inflation underscores this discontent, now at a 3.8 percent annual increase.

Alarmingly, U.S. credit card balances have surged to a record $1.13 trillion. Delinquencies are on the rise, signaling widespread financial strain. This distress is compounded by soaring auto and student loan balances, each hitting $1.6 trillion.

These trends highlight the deepening economic challenges, especially for younger and lower-income Americans — financial realities the President’s happy talk seems to ignore.  This is Greg C. Truax.  

Greg C. Truax is president of GCTMediaGroup, a film production studio, online magazine publisher, radio commentator, and creator of written and broadcast opinion commentary.

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