White House promotes ‘impactful’ Bidenomics in end-of-year memo

The White House is marking the end of 2023 by underscoring President Joe Biden‘s record before next year’s election, portraying the economy as one of Biden’s success stories.

“When President Biden and Vice President [Kamala] Harris took the oath of office on Jan. 20, 2021, America faced historic challenges including a once-in-a-century pandemic, an economy gripped by the most severe downturn since the Great Depression, and the painful aftermath of the Jan. 6 insurrection,” White House communications director Ben LaBolt wrote in a memo Monday. “Over the three years since, he has amassed one of the most impactful legislative records in generations, fought to grow our economy by rebuilding the economy from the bottom up and middle out, and delivered the strongest recovery in the developed world.”

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But Biden also understands “there is more work to do” to lower costs, part of his so-called Bidenomics plan, after November’s consumer price index report found the country’s annualized inflation rate remains at 3.1%, according to the White House.

“That’s why he passed legislation to lower prescription drug and energy costs, is working to eliminate hidden junk fees that banks, airlines, and other companies charge to rip off consumers, and is taking on corporate price gouging,” LaBolt said.

Simultaneously, the White House contrasted Biden and other Democrats with Republicans, claiming the GOP House and Senate conferences “don’t have a plan to lower costs.”

“Their only plan is trillions of dollars of tax cuts for the wealthiest Americans and biggest corporations, saddling taxpayers with more debt,” LaBolt said. “They want to repeal the Inflation Reduction Act [to] try to block this administration from lowering the costs of insulin and prescription drugs and undo the progress we’re making on clean energy.”

“They’re still trying to cut Social Security, Medicare, and Medicaid,” he added. “And Congressional Republicans attack freedoms like the right to choose, right to vote, and right to love who you love and be who you are — an ideology out of step with most Americans that treasure their individual liberties.”

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Regardless, Biden’s average approval-disapproval rating is net negative 15 percentage points, 40%-55%, according to RealClearPolitics, less than a year before the 2024 election.

The memo additionally cites Biden’s “standing up for democracies in Israel, Ukraine, and across the globe,” his $127 billion in student loan debt cancellation for 3.6 million federal borrowers, his establishment of the White House Office of Gun Violence Prevention, and his appointment of 160 life-tenured federal judges.