BREAKING: Trump Wrecks 'Bidenomics' While Joe Brags About His Failing Economy At Chicago Event

As President Joe Biden began speaking in Chicago to extoll his humbly named 'Bidenomics,' paradoxically bragging about an economy that has been left in smoldering ruins by his administration, the 45th President and GOP frontrunner Donald J. Trump released a scathing condemnation.

Trump's message was complete with citations excoriating the Democrat and his so-called 'Bidenomics' for "high taxes, crippling regulations, crushing inflation, war on American energy, soaring energy costs, job killing globalist intentional agreements like the Paris Climate Accord, and total economic surrender to China and other foreign countries."

Trump summed up his economic platform versus the Biden economy simply as, "America First economics vs. America Last. "
 

Biden: "Guess what? Bidenomics is working"

Under Biden, savings are down, real wages are down, economic confidence is down, and costs are up. pic.twitter.com/Z2bF5habmD

— RNC Research (@RNCResearch) June 28, 2023

In the statement, Trump wrote,
 

"Biden and the Radical Democrat Congress singlehandedly created the highest inflation in decades. They spent trillions of dollars and pursued the socialist joke known as the Green New Deal. Now the inflation and high interest rates that Biden caused have resulted in the Biden Banking Crisis—a disaster of historic proportions.

In a devastating series of bullet points the Trump campaign eviscerated the Biden economic policy citing sources from Forbes, CNN, CNBC, Fortune, Gallup, AAA, and Congress.

- Through Biden’s energy-crippling policies, Americans suffered the highest national average price of gasoline ever recorded in American history.[1] 
- Biden’s runaway spending for his radical agenda caused inflation to reach 14.9%.[2]
- America has experienced three of the four worst bank failures in our nation's history under Biden.[3]
- 70% of Americans reported feeling financially stressed under Biden,[4] and 58% of Americans reported living paycheck to paycheck.[5]
- Nearly 25 million Americans are behind on their credit cards, auto loans, or personal loans – a number not seen since 2009.[6]
- 54 percent of Americans reported using savings to pay for everyday expenses such as groceries and rent.[7]
- Americans have lost over $10,000 on average for the increased cost of living since “Bidenomics” began.[8]
- A record number of Americans said they are worse off financially since Biden became president.[9]
- According to a Harvard CAPS-Harris poll,[10] 74% say their financial situation is not improving, with almost half saying their financial situation is getting worse under “Bidenomics.”
- The average American family lost $7,100 in purchasing power under Biden due to inflation and high interest rates.[11]
- According to a recent Fox News poll, 83% of voters say the economy is in only fair or poor shape.[12] Overall, a large 90% majority is concerned about inflation, including 85% of Democrats.
- Americans have lost on average over $2,250 by paying increased energy costs since Biden took office.[13]
- Gas prices are up more than $1 per gallon since Biden took office.[14]
- 1 in 4 Americans have cut back on retirement savings because of inflation.[15]
- Under “Bidenomics,” nearly 20 million households are behind on their utility bills.[16]
- Savings are down, real wages are down, and economic confidence is down.[17][18][19]
- According to a recent CNN poll conducted by SSRS, 66% of Americans disapprove on how Biden’s handled the economy, with 76% describing the economy as in poor shape.[20]
 

Biden spent the greater part of the hour claiming vast improvements in the economy that the American people, when polled, have indicated they are NOT feeling. Pew Research showed that Republicans lead Democrats by 12 points on economic policies.
 

Pew Research: Biden approval rating drops to 35%, hitting new low

Approve: 35%
Disapprove: 62%
Net: -27%

% who say they agree with... on:

Economy: R+12
Crime: R+10
Immigration: R+10
Health Care: D+12
Abortion: D+12
Climate change: D+14

n=5,115 | June 5-11… pic.twitter.com/iny2gwAPI1

— InteractivePolls (@IAPolls2022) June 21, 2023

The House Budget Committee issued a fact check on the 'Bidenomics' agenda refuting Biden's claims of job gains stating, "Nearly 72 percent of all job gains since 2021 were simply jobs that were being recovered from the pandemic, not new job creation. In fact, when looking at today’s economy compared to pre-pandemic levels, employment is up only by 3.7 million, not 13 million."

The committee added, "The labor force participation rate remains 0.7 percentage points lower under Biden than it was when President Trump was in office. When adjusting for population gains, nearly 2 million more Americans are on the sidelines today than they were during the previous Administration."

Between Trump's analysis, Congressional estimates, polls, and the economic reality that reporters and journalists have been covering since Biden took office, it is clear that 'Bidenomics' is the economy of failure.

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