Americans are deep in credit card debt, but Bidenomics threatens to make things even worse
Fox News
Unfortunately, while Republicans are universally attacking Bidenomics with their rhetoric, some are actually emulating Bidenomics with their policies.
The guiding philosophy of Bidenomics is that the government is best suited to drive down prices and make economic decisions on behalf of Americans. This mentality has produced a host of failed policies such as hefty subsidies for electric vehicles, market-distorting price controls for prescription drugs, strict limitations on oil and gas extraction, and massive handouts for big corporations and blue state governments.
Unfortunately, while Republicans are universally attacking Bidenomics with their rhetoric, some are actually emulating Bidenomics with their policies. The latest such idea – government regulation of credit card interest rates – comes not from Sens. Bernie Sanders, I-Vt., or Elizabeth Warren, D-Mass., but rather Republican Sen. Josh Hawley of Missouri.
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