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Bidenomics Debunked on Twitter: Fact-Checkers Sink Biden's Ship, Show Wages are Down

By Eric Bolling Staff

WASHINGTON, DC - JULY 7: U.S. President Joe Biden arrives onstage for an event about lowering health care costs in the East Room of the White House on July 7, 2023 in Washington, DC. President Biden announced a series of new actions under his "Bidenomics" agenda to lower healthcare costs and crack down on junk fees for consumers. (Photo by Drew Angerer/Getty Images)

President Biden was swiftly fact-checked on Monday after posting a ‘Bidenomics’ claim on Twitter; Joe said real wages were up compared to pre-pandemic levels for the average American worker.

“Right now, real wages for the average American worker is higher than it was before the pandemic, with lower-wage workers seeing the largest gains. That’s Bidenomics,” the official POTUS account tweeted.

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Here come the fact-checkers.

“The tweet’s claim about real wages contains a factual error. On 3/15/20 when US COVID lockdowns began real wages adjusted for inflation (AFI) were $11.15. As of 7/16/23 real wages AFI are $11.05. Real wages AFI remain lower (not higher) than before the pandemic.”

This isn’t the first time (or even the second) that Biden played loose and fast with the facts.

From Fox News:

In June, Biden claimed he cut the deficit by $1.7 trillion, which the Washington Post rated “highly misleading,” and the claim was similarly scrutinized by other fact-checkers. He also touted the impact of the new 988 suicide hotline, which was signed into law by former President Trump, and previously said healthcare was “a right not a privilege in this country.” Twitter’s Community Notes said Biden has “never publicly supported universal healthcare or Medicare for All, and has suggested he would veto bills that implement such a system.”

Biden’s praise for his own economic policies comes as he is seeking re-election in 2024. He has spent recent weeks traveling from Maryland to Illinois to New York for a series of speeches and campaign receptions, where he peddled “Bidenomics” and its alleged impact.

However, economists and voters remain unconvinced. Some economists who spoke with Fox News Digital equated the president’s economic policy to excessive spending and inflation.

“Bidenomics has been defined by 40-year-high inflation, record drops in labor productivity, anemic economic growth, growing credit card debt, rising interest rates, insipid labor force participation, onerous regulation, falling real incomes, and runaway government spending, borrowing, and printing of money,” EJ Antoni, a research fellow for the Heritage Foundation’s Grover M. Hermann Center for the Federal Budget, told Fox News Digital. “Distilled down to a single word, Bidenomics means ‘failure.’”

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