The Biden administration took aim at what they call “MAGAnomics” in a new memo Monday as President Joe Biden’s own economic policy fails to tame inflation and continues to lose popularity, according to Politico.
The White House is set to release a memo attacking Republicans, claiming that their policies regarding the Affordable Care Act (ACA) and prescription drug prices will increase health care costs, according to Politico. The attack on MAGAnomics comes as the Biden administration shifts away from the term “Bidenomics” as Americans’ views of the economy increasingly sour. (RELATED: ‘Bear Some Responsibility’: Here’s How Biden’s Massive Spending Splurge Is Making Housing Unaffordable)
“Efforts to repeal the Affordable Care Act (ACA) and the Inflation Reduction Act put the differences between Bidenomics and MAGAnomics into sharp perspective — lower costs for…