'He's Making A Terrible Mistake': Dem Strategist David Axelrod SLAMS Bidenomics, Says Biden's 'Pride' Will Lose Him The Election

During a CNN panel on Thursday, top Democratic political strategist David Axelrod delivered a blistering rebuke of President Joe Biden's reelection campaign and the failure of his Bideonomics narrative to convince the American people that the economy is on the right track. Axelrod's analysis comes as inflation continues to burden hard-working Americans, with March's rate standing at 3.5 percent.

"I don't understand this. I don't understand all these months later. I thought that he spent $25 million mistakingly last fall touting Bidenomics and making the same argument that the president is making right here. It is absolutely true, the world was plunged into an economic crisis by the pandemic, and we've come back faster than any other country, and he's right about that," Axelrod explained to CNN. "But that's not the way people are experiencing the economy. They experience it through the lens of the cost of living. And he's a man who's built his career on empathy."

"Why not lead with the empathy? I think he's making a terrible mistake," the former Obama advisor said. "If he doesn't win this race, it may not be Donald Trump that beats him; it may be his own pride."

Biden's failure to tackle the economy effectively could very well be his downfall in 2024. A recent Reuters/Ipsos poll found that voters overwhelmingly trust Trump to reinvigorate the economy over the next four years. From those polled, 41 percent say Trump has a better approach to the economy, while Biden is only trusted by 34 percent of voters. Biden's economy has seen record-breaking credit card default, massive increases in interest rates on mortgages, and various supply shocks that have impacted the price of goods from groceries to construction materials.

While Trump vows to cut taxes in his next term, President Biden said last month that he would let Trump's 2017 Tax Cuts and Jobs Act expire in 2025, thus leading to a large increase in the tax burden on middle-class Americans. "By the way, that tax credit of his expires next year. Well, let me tell you something: It's going to stay expired and dead forever if I'm reelected," he told a crowd of union workers.

In response to Biden's willingness to let the tax cuts expire, Trump told supporters at a Michigan rally that such a move would lead to the average American's taxes drastically increasing. "Under crooked Joe, a single individual earning $75,000 a year will pay almost $2,000 more," Trump said. "And a family of four earning $165,000, that's a lot, a year will see at least 3,000 [dollars] more added onto your taxes."

WATCH:

Axelrod with some tough words on Biden’s economic message in this interview: “why not lead with the empathy? I think he’s making a terrible mistake. If he doesn’t win this race, it may not be Donald Trump that beats him, it may be his own pride.” https://t.co/6ILoCxPpMh pic.twitter.com/ZRLFJpSJfK

— Alex Thompson (@AlexThomp) May 9, 2024

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