As the holiday season approaches, Americans face the challenge of balancing their budgets and making ends meet amidst a struggling economy. President Joe Biden’s economic plan, known as Bidenomics, was designed to “restore the American Dream,” but it has fallen short of that goal.
There are conflicting reports about the state of the economy on a macro level, with some predicting a recession is imminent or already underway. In October, economist Paul Krugman tweeted that inflation had ended based on a chart that excluded essential items such as food, energy, shelter, and used cars. This statement sparked backlash, highlighting the disconnect between the economy’s overall performance and people’s daily struggles.
According to Biden and some economists, the economy is doing well; however, this perspective may not reflect reality for those who must purchase or finance essential items. This raises questions about whether Biden’s economic plan is truly designed to help people achieve the American Dream when basic necessities become increasingly expensive.
Amid these challenges, it’s worth considering what constitutes a nightmare under Bidenomics, especially as prices continue to rise for items like a 6.25-pound package of chicken breasts.
Overall, it seems that Americans are facing significant challenges in achieving financial stability during the holiday season due to a struggling economy and rising costs of essential items.