Erica Carlin| OPINION| On Thursday, Joe Biden delivered remarks on his failed economic agenda dubbed “Bidenomics” at Prince George’s Community College in Largo, Maryland. This is the first public appearance since his son Hunter was indicted on federal gun charges.
During the speech, Biden made a number of false claims and refused to take any questions from the press, saying he would “get in real trouble if [he] do[es] that.”
The most important characteristic of Bidenomics is its reliance on government intervention to solve economic problems. As President Donald Trump noted in a tweet shortly after Biden’s speech: “Joe Biden wants to raise taxes by $4 trillion dollars… He plans to massively increase regulation and dramatically grow government control over your daily life.”
This heavy-handed approach is seen as antithetical to traditional conservative values such as limited government and free markets. Moreover, many conservatives argue that government intervention can actually make matters worse rather than better because it restricts free market forces and often results in inefficient allocation of resources.