Biden Criticizes House Republicans for their economic plans, which he referred to as “Maganomics,” seeking to connect them to the strategies of his predecessor, Donald Trump, during a budget dispute that poses a risk of government shutdown.
The Choice Between “Bidenomics” and “Maganomics”
Addressing the issue on Thursday at Prince George’s Community College in Largo, Maryland, Biden stated, “They’re back at it once more, reneging on their promise, proposing more reductions, and jeopardizing another government shutdown this month.”
Biden emphasized the need for the nation to be well-informed, asserting that Republicans were focusing on providing tax breaks to corporations and high-earning individuals while slashing $700 billion from Social Security and $1 trillion from Medicare.
Rebranding of “Bidenomics” and the Government Funding Standoff
This summer, Biden rebranded his program with the catchphrase “Bidenomics” and emphasized data indicating a robust US economy. However, this message did not resonate with voters. Recently, Biden criticized Republican priorities in the government funding standoff, expiring on September 30.
Demands of Conservative Republicans
Conservative hardliners are urging Speaker Kevin McCarthy to secure more substantial spending reductions, stricter border security to manage migration flows, and either cuts or a cessation of funding for Ukraine in exchange for a bill to keep the government funded.
Criticism of Republicans and Record Comparison
On Thursday, Biden accused Republicans of attempting to violate the agreements they reached on government spending as part of a deal to suspend the US debt ceiling earlier this year. He also dismissed Republican assertions that they are trying to control the federal debt.
Biden remarked, “Now, what they do talk about is claiming all these cuts will lower the deficit. When it comes to reducing the deficit, let’s compare the records a bit. Under my predecessor, remember the self-proclaimed ‘debt king’? It turned out he was. In reality, he was the debt emperor.”
Additionally, Biden criticized his predecessor’s track record on job growth and manufacturing, stating, “Only two presidents in American history left office with fewer jobs than when they began. One was President Hoover, and the other was Donald Hoover Trump.”
Biden stated that the “previous administration pledged to rejuvenate manufacturing.”
“They failed,” he added. “To be honest, I’m not sure they even made an effort.”
Trump and Other Republican Presidential Candidates’ Positions
Trump and other Republican presidential candidates have vowed to reverse Biden’s economic policies if elected.
“The deceptive Joe Biden has been boasting for months about deserving political recognition and public appreciation for the state of the US economy,” the Trump campaign stated in advance of Biden’s speech. “But the public hasn’t been deceived. They see Bidenomics for what it is: inflation, taxation, submission, and failure.”
Biden criticizes House Republicans, linking them to Trump’s policies.
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