April 18, 2024

Bidenomics Is Not Working

Politicians claiming to be leaders must lead. It is time to say “No!” to spending more money.

By Mark W. Fowler

“Systemic inflation is everywhere and always a monetary phenomenon.” —Milton Friedman, Nobel Laureate

Biden administration apparatchiks, whether through insularity or (most likely) obtuseness, cannot understand why the populace is not embracing the “success” of Bidenomics. It is true that jobs have increased and the stock market is higher now than during the Trump administration. Inflation has moderated some. There are a number of other economic markers one could point to suggesting a robust economic picture. Economics is a complicated matter and there will always be conflicting data about the situation.

Washington is an echo chamber, and politicians and bureaucrats tend to tell each other what they want to hear but hear nothing about alternative facts. This amplifies errors and obscures the truth. In flyover country, voters act on what affects them every day, such as the price of gasoline, eggs, milk, bread, and butter. Every one of those items and other essentials have increased in price since 2019. Higher interest rates implemented by the Federal Reserve to stop inflation make housing and automobiles much more expensive. Since 2019, credit card balances have increased, drawdowns of retirement accounts have increased, and the rate of bankruptcy filings has increased by double digits. These are the issues that matter.

Inflation is a tax on everyone, affecting the poor the most. And while the economy is a complicated entity, inflation is not. Injecting large sums of paper (money) in the absence of a concomitant increase in wealth devalues money. For decades, Washington has been spending more money than it takes in. Both parties are guilty of it, because both have learned they can bribe voters with their own money. We now have a federal deficit of over $30 trillion, representing over 100% of gross domestic product. It is similar to a household owing more than it earns in a year. In 2007, the total federal deficit was $8.9 trillion. Since then, in 17 years of mostly prosperous times, the debt has tripled. Interest on that debt is now $658 billion a year. This is unsustainable.

Politicians claiming to be leaders must lead. It is time to say “No!” to spending more money. They should say it loudly, respectfully, frequently, and consistently. Voters should change their expectations about how and what Washington can do for them. Government is too big. It is not capable of solving every problem Americans may face. To the extent statecraft is soulcraft, it is time to scale back government and encourage Americans to flex their muscles and solve their own problems. Endeavor and achievement build character.

Mark Fowler is a board-certified physician and former attorney. He can be reached at [email protected].

Who We Are

The Patriot Post is a highly acclaimed weekday digest of news analysis, policy and opinion written from the heartland — as opposed to the MSM’s ubiquitous Beltway echo chambers — for grassroots leaders nationwide. More

What We Offer

On the Web

We provide solid conservative perspective on the most important issues, including analysis, opinion columns, headline summaries, memes, cartoons and much more.

Via Email

Choose our full-length Digest or our quick-reading Snapshot for a summary of important news. We also offer Cartoons & Memes on Monday and Alexander’s column on Wednesday.

Our Mission

The Patriot Post is steadfast in our mission to extend the endowment of Liberty to the next generation by advocating for individual rights and responsibilities, supporting the restoration of constitutional limits on government and the judiciary, and promoting free enterprise, national defense and traditional American values. We are a rock-solid conservative touchstone for the expanding ranks of grassroots Americans Patriots from all walks of life. Our mission and operation budgets are not financed by any political or special interest groups, and to protect our editorial integrity, we accept no advertising. We are sustained solely by you. Please support The Patriot Fund today!

The Patriot Post and Patriot Foundation Trust, in keeping with our Military Mission of Service to our uniformed service members and veterans, are proud to support and promote the National Medal of Honor Heritage Center, the Congressional Medal of Honor Society, both the Honoring the Sacrifice and Warrior Freedom Service Dogs aiding wounded veterans, the National Veterans Entrepreneurship Program, the Folds of Honor outreach, and Officer Christian Fellowship, the Air University Foundation, and Naval War College Foundation, and the Naval Aviation Museum Foundation. "Greater love has no one than this, to lay down one's life for his friends." (John 15:13)


“Our cause is noble; it is the cause of mankind!” —George Washington

Please join us in prayer for our nation — that righteous leaders would rise and prevail and we would be united as Americans. Pray also for the protection of our Military Patriots, Veterans, First Responders, and their families. Please lift up your Patriot team and our mission to support and defend our Republic's Founding Principle of Liberty, that the fires of freedom would be ignited in the hearts and minds of our countrymen.

The Patriot Post is protected speech, as enumerated in the First Amendment and enforced by the Second Amendment of the Constitution of the United States of America, in accordance with the endowed and unalienable Rights of All Mankind.

Copyright © 2024 The Patriot Post. All Rights Reserved.

The Patriot Post does not support Internet Explorer. We recommend installing the latest version of Microsoft Edge, Mozilla Firefox, or Google Chrome.