Last week, the president gave a speech on “Bidenomics” in hopes that the term will lodge in voters’ minds ahead of the 2024 elections.
Nor is the phrasing all that novel. Commentators have given the American public the portmanteau words Nixonomics, Carternomics, Reaganomics, Clintonomics, Bushonomics, Obamanomics. When the conservative economists Arthur Laffer and Stephen Moore wrote a book to describe the policies of then President Donald Trump, they entitled it “Trumponomics: Inside the America First Plan to Revive Our Economy.
President Gerald Ford went with “Whip Inflation Now,” or WIN, in the mid-1970s. Ford's push had a bit more fanfare than the Bidenomics launch did with the president's speech this past week at the Old Chicago Main Post Office. For Ford's effort, Meredith Willson — famous for writing the musical “The Music Man" — crafted a song entitled ”WIN!" In 1974, The New York Times published the lyrics: “Win! Win! Win! We’ll win together, Win together, that’s, the true American way, today. Who needs inflation? Not this nation.”Democratic strategist Jesse Ferguson said the president wants to show the voters that he has plans and solutions for their troubles, not that he's necessarily fixed everything.
“For 40 years people have been clamoring for an approach to the economy that puts working people at the center instead of prioritizing the wealthy and that’s what he’s delivering on," Ferguson said."So the story that he can tell is a different approach to the economy and the proof is in the pudding. It’s also so core to who he is. People believe he’s the guy who’d make the economy work as hard for working people as working people work for the economy.
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