Our series on the failure of Bidenomics has touched on four topics.
- Biden’s subsidy agenda will lead to higher prices and economic inefficiency.
- Biden’s inflation policy is mocked even by senior Democratic economists.
- Biden’s so-called Buy America policy hurts taxpayers and means fewer jobs.
- Biden’s statist agenda means families lose as prices rise faster than income.
For our fifth edition, let’s turn our attention to the president’s misguided fiscal policy.
This means analyzing three pieces of legislation.
First, his so-called stimulus was approved last year, adding $1.9 trillion to the nation’s fiscal burden. The president and his team claimed it would lead to four million additional jobs, but the net result was a drop in employment compared to the White House’s own projections.
Second, his costly infrastructure plan also was approved last year, though only a small fraction of new spending was actually for roads and…
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