President hails ‘Bidenomics’ in re-election pitch despite falling real income, poll pessimism

President Biden hailed his economic plan as a smashing success Wednesday as he laid out his case for a second term — despite American incomes falling due to high inflation and broad pessimism about the economy.

In Chicago, site of next summer’s Democratic National Convention, the 80-year-old president hailed steady job growth, even though government data indicate that those jobs are paying less on average than when he took office.

“Bidenomics is about the future. Bidenomics is just another way of saying: Restore the American Dream because it worked before,” the president said.