Bidenomics Debate

March 28, 2024

00:00:00

Bidenomics Debate

Be it Resolved, American workers have never had it so good.

The US economy is booming. Public investments in infrastructure, education, clean energy, and more is accelerating labour productivity, growing wages, and spurring employment. Recent economic data shows that “Bidenomics” is working and just as a rising tide lifts all boats, the average American worker hasn’t had it so good in a generation or more. But critics are pointing to the high cost of living – from expensive groceries to housing to health care – to the rise of precarious work to exploding levels of economic inequality as proof points that the president’s economic policies are in fact debt fuelled chimera and achieving the American dream is fast becoming an impossibility for millions of workers.

Arguing in favour of the resolution is Steven Rattner. He’s the former head of Obama’s Auto Task Force, an Economic Analyst on MSNBC’s Morning Joe, and a contributing writer to The New York Times Op Ed page

Arguing against the resolution is Michael R. Strain, the Director of Economic Policy Studies and the at the American Enterprise Institute

“This has been a very successful period for American workers and they are better off today than they’ve ever been.”
-Steven Rattner

“The same underlying forces that led to a really rapid recovery from the pandemic recession also led to four decade high inflation.”
-Michael R. Strain