President Joe Biden promised a “fundamental break” with “trickle-down economics” in a speech on Wednesday in which he relied on a number of misleading claims to make his point.
Touting “Bidenomics,” the White House’s name for its economic agenda heading into the 2024 race, Biden floated a plan that would involve spending more taxpayer money and boosting union labor.
But his assessment of how well the economy has performed under his leadership was inaccurate. Most disapprove of the way Biden has handled the economy; only 34% of U.S. adults think Biden has had successful economic policies.
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