If you thought the leftist media couldn’t get any dumber with their pro-Bidenomics propaganda following President-elect Donald Trump’s sweeping electoral victory, TIME magazine just took a shot at one-upping everybody.
TIME’s asinine Nov. 14 headline spoke for itself, “Don’t Give Trump Credit for the Success of the Biden Economy.” The bloviating piece, which took two authors to cough up, attempted to blame Trump for the pandemic economy Biden oversaw and spun that Trump’s second term, in contrast, would be riding on the coattails of Biden’s imaginary successes.
“President-elect Trump is receiving the strongest economy in modern history which is the envy of the world,” authors Jeffrey Sonnenfeld and Stephen Henriques gaslighted. That’s a funny way to characterize an economy where the dollar is losing about a fifth of its value as the Biden administration continues to buoy the economy with an explosion of government debt.
But the Biden apologists at TIME took to treating their readers like they were complete idiots by making it seem like prices are falling against rising wages: “Despite understandable concerns about post-Covid inflation, prices continue to fall as wages rise.” It’s Morning in America again didn’t you know! This is blatantly false. Prices are still rising, albeit at a slower rate. Consumer prices are 20 percent higher on average under Biden.
A September 2024 Bankrate study found, “The past 16 months of ‘real’ wage growth — as economists have called it — haven’t been enough to offset the 25 months where prices were rising disproportionately faster than Americans’ paychecks.” It’s as if TIME forgot that the election is over and is still trying to hoodwink voters into believing that Bidenomics was some stroke of genius.
Economist Daniel Lacalle wrote in a Nov. 17 column, “Anyone who has delved into the supposedly solid headline figures can clearly see the real weakness of the U.S. economy.” Specifically, Lacalle added, “An unsustainable increase in government spending and federal debt bloated the official GDP, making gross domestic income significantly weaker than headline GDP. Additionally, the Conference Board and University of Michigan consumer confidence readings, well below 2019 and 2021 levels, indicated a stagnant economy.” But TIME masked all this damning economic context by plastering a rosy picture over it laced with sunshine, rainbows and daffodils:
Many Americans are still surprised to learn that the U.S. economy has seen unrivaled growth under the Biden Administration. Both the World Bank and the International Monetary Fund have had to increase their growth estimates for the American economy, surprised by its resilience and superiority over every developed country. Unemployment is at record lows. Nearly one million manufacturing jobs have been added. Financial markets have notched 80 record highs. Oil and natural gas production is higher than ever before, and nearly one-third higher than Saudi Arabia and Russia,” [emphasis added.]
But the devil — as is always the case with those who swear by Bidenomics — is in the details.
There’s currently a labor shortage, with about 1.7 million at least missing from the labor force as the U.S. Chamber of Commerce pointed out in October. Inflation has caused stock markets to “appear stronger than they really are and [are] cutting into returns for everyone, including those with retirement accounts,” as Heritage Foundation Senior Research Associate Alexander Frei noted in an Oct. 31 column. Oil and gas production has continued to chug along in spite of Biden’s eco-extremist energy policy, not because of it. In March 2024, the American Energy Alliance specifically outlined 200 actions that the Biden White House took over the course of its administration to kneecap energy production in the U.S. to satisfy its radical environmentalist goals. And that’s not even counting the fact that gas prices overall have been considerably higher under Biden than under Trump when adjusted for inflation, something TIME didn’t even bother mentioning.
Rather, TIME tried to paint a scenario where Trump is positioned to take credit for Biden’s supposed brilliance:
President-elect Trump will likely attempt to claim credit as wages continue to recover from pandemic-led inflation and as the prices of everyday goods continue to fall. He will attribute credit to his “America First” agenda, aggressive tariff policy, and self-ascribed supernatural market powers. However, let’s register the history right now for accuracy. There is no question as to whom that credit should go: President Biden and his administration.
Should Biden get “credit” for the reality that more than half of Americans are now struggling under his leadership to pay their bills and save money, as Bloomberg News reported Nov. 19. After all, we are being told by TIME to — *checks notes* — “register the history right now for accuracy.” Economist Dan Mitchell recently used Labor Department data to argue that “workers lost a lot of ground in 2021 and 2022. There’s been a bit of progress since then, but the best-case scenario is that workers have merely recovered their losses.” Mitchell wrote that this essentially “means zero overall economic progress over the past four years.”
TIME can take Biden’s so-called “success” and shove it.
Conservatives are under attack. Submit a letter to the editor at Time (letters@time.com) and demand the publication stop acting like the PR department for the Biden administration’s terrible economic policies.
