Today, Explained Bidenomics
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Jul 20, 2023 
Jeff Stein, a White House economics reporter for The Washington Post, dives into the intricacies of Bidenomics, a new economic approach focused on supporting workers and industries rather than traditional consumer costs. He discusses aggressive antitrust policies aimed at tackling monopolies and the transformative fiscal measures, including a substantial stimulus for clean energy. Stein also highlights the challenges of boosting union membership against political pushback and the disconnect between positive economic indicators and public sentiment regarding inflation.
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Bidenomics: A Shift in Focus
- Bidenomics aims to shift the focus from consumers to workers and key industries.
- This approach prioritizes strengthening specific sectors like manufacturing, unlike the neoliberal focus on free markets.
Antitrust Enforcement
- Biden appointed Lena Khan to the FTC, leading to significant changes in antitrust enforcement.
- Khan's focus on increased competition challenges mergers, impacting corporate behavior.
Fiscal Policy: Stimulating Demand
- Biden's fiscal policy prioritized large stimulus packages to boost demand and worker leverage.
- This approach contrasts with the Obama era's focus on slower economic recovery.