President Joe Biden has been staking his reelection campaign on “Bidenomics.” Apparently, that means layoffs across multiple sectors and having to eat cereal for dinner.
Several companies have recently cut the jobs of hundreds of employees, including Paramount Global, YouTube, Warner Music Group, Universal Music Group, Pixar, and the Los Angeles Times. Others have cut thousands of jobs: Cisco is planning to cut 4,250 jobs, PayPal is cutting 2,500 jobs, Microsoft will be cutting 1,900 jobs from its gaming unit, and eBay is laying off 1,000 people.
Another video game company, Sony Interactive Entertainment, announced on Tuesday that it would be cutting 900 jobs, which includes canceling multiple video game projects that were in the works.
Meanwhile, half of renters (about 22.4 million) are spending more than 30% of their income on rent. Along with that, food prices have jumped, with the Bureau of Labor Statistics finding a 10% jump in food prices from 2022 to 2023. Kellogg’s CEO Gary Pilnick is now trying to use high food prices as a marketing tactic, encouraging lower-income families to eat cereal for dinner because it’s “much more affordable.”
Cereal for dinner and unemployment. That is the result of the grand economic vision Biden has asked voters to reelect him to support. Is it any wonder that Biden is lagging behind former President Donald Trump in polls in the 2024 race to decide which unpopular old man should be president?
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The last three years have been a full display of just how incompetent Biden is, if his four decades in government prior to his presidency weren’t enough proof for everyone. His policies have made life worse for people who simply want to buy groceries for their families and his priorities have been skewed toward his base, as with his unrelenting desire to absolve mostly white upper-class postgraduates of their student debt.
Biden shouldn’t be allowed to forget his big push to make Bidenomics the selling point of his campaign. All of this is supposedly intentional and part of the big economic plan Biden has prided himself on during his first term. The layoffs, rising food and rent prices, and even the cereal for dinner are what Bidenomics looks like. Biden wants people to remember that at the ballot box, and voters should oblige him.