Former CKE Restaurants CEO Andy Puzder dissects Vice President Kamala Harris’s economic strategy, highlighting its reliance on targeted policies and its lack of a comprehensive macroeconomic plan. He contrasts this with President Trump’s focus on boosting economic growth through tax cuts, deregulation, and domestic energy production, arguing that Harris’s approach is insufficient to address the current economic challenges facing Americans.
Former House Speaker Newt Gingrich argues that Vice President Kamala Harris’s economic record is a significant liability for her potential presidential run. He points to her lackluster responses on economic issues and the fact that Americans are struggling with inflation and high costs, making Bidenomics unpopular. Gingrich believes that Harris’s emphasis on her background and lack of concrete economic solutions are not resonating with voters.
If President Biden wins a second term, his economic policies will have devastating consequences for the United States. Bidenomics 2.0 will include massive tax increases on investment, trillions of dollars in new debt spending, a net zero energy policy that eliminates fossil fuels, an end to state right-to-work laws, and an antitrust assault on Silicon Valley. These policies will crash business investment, raise prices for consumers, cripple innovation, and put America’s global tech dominance in jeopardy. Additionally, Democrats may eliminate checks and balances by overturning the filibuster rule and add Washington, D.C., and Puerto Rico as states to lock in their electoral strength. The combined impact of these policies would be catastrophic for American businesses and families.
Despite the Biden administration’s claims of economic success, data shows a staggering decline in full-time jobs. From November 2023 to March 2024, over 1.7 million full-time jobs have vanished, marking the largest five-month drop since the Great Recession in 2009. The Biden administration’s boastful claims about job creation are misleading, as most jobs were recovered from COVID-19 lockdowns and not newly created. Compared to pre-pandemic levels, only a meager 2.98 million jobs have been added under Biden’s tenure, falling short of his predecessors. Meanwhile, Biden’s policies of government expansion, tax increases, and regulations have stifled economic growth and fueled inflation, leaving Americans struggling with rising costs of living.
President Biden’s proposed 2025 budget reveals a disturbing vision for America, one where middle-class families bear the brunt of reckless spending and higher taxes. Despite his campaign promise, Biden’s budget extends the era of trillion-dollar deficits, fueled by a massive increase in corporate taxes that will ultimately be passed down to consumers. This scheme, borrowed from the socialist playbook, will separate Americans from their hard-earned money, hurting investors and workers alike.
