EUREKA! Politico Admits ‘Voters Were Right About’ Biden Economy, the ‘Data Was Wrong’

Joseph Vazquez
February 12th, 2025 4:14 PM

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Politico may be trying to re-ingratiate itself with the American public after its government funding scandal by finally admitting what voters already knew about the Biden economy: It sucked.

“Voters Were Right About the Economy. The Data Was Wrong,” read the eye-popping Politico magazine headline from Tuesday by author Eugene Ludwig, chairman of the Ludwig Institute for Shared Economic Prosperity.

Ludwig reminisced how “[m]any in Washington bristled at the public’s failure to register how strong the economy really was. They charged that right-wing echo chambers were conning voters into believing entirely preposterous narratives about America’s decline.”

But as Ludwig conceded, “What they rarely considered was whether something else might be responsible for the disconnect — whether, for instance, government statistics were fundamentally flawed.” No kidding!

It is quite the turnaround from Politico’s pre-Election Day propaganda salivating how then-Vice President Kamala Harris was supposedly riding a “Dream Economy Into the Election!”

So that narrative flies out the window now that President Donald Trump is back in the White House, right?

Ludwig’s characterization inadvertently blasted the seemingly never-ending, sour-noted cacophony of media falsehoods on everything from unemployment, to wages, to inflation, to GDP growth that American people were inundated with on a daily basis to believe how star-spangled awesome the Biden economy supposedly was. But Ludwig still attempted to throw the apparatchiks spewing out the flawed government statistics a lifeline by defending their reputations:

What we uncovered shocked us. The bottom line is that, for 20 years or more, including the months prior to the election, voter perception was more reflective of reality than the incumbent statistics. Our research revealed that the data collected by the various agencies is largely accurate. Moreover, the people staffing those agencies are talented and well-intentioned. But the filters used to compute the headline statistics are flawed. As a result, they paint a much rosier picture of reality than bears out on the ground.

Ludwig then issued a scathing rebuke of those who parroted the out-of-context government figures to prop up the Biden economy: “[T]he reality is that, if the prevailing indicators remain misleading, the facts don’t apply.”

Well, here are some “facts” that the American people have been forced to contend with.

Consumer prices are now 21 percent higher on average than when Biden first took office. On wage growth, even the Associated Press conceded in its Jan. 14 propaganda piece promoting Bidenomics that “consumer prices rose a combined 20.8% during the course of Biden’s presidency, but people’s average weekly earnings rose just 17.4% over the same period.”

Fox Business also recently reported on a new study from digital lender Biz2Credit, which the outlet said showed how “[t]he backbone of the U.S. economy – the American small business – may be breaking beyond repair without some serious intervention.”

Specifically, the outlet noted that “[d]ata from the study was pulled from more than 100,000 financing applications submitted to Biz2Credit between January 2022 and December 2024, and it shows a sharp decline in the earnings of small businesses toward the end of 2024, a trend the lender sees continuing into 2025.”

In addition, much of the GDP growth that occurred under President Joe Biden was a result of a massive sugar high brought on by his administration launching the national debt into orbit. Now the debt is a ridiculous 123 percent of GDP.

Bottom line: The Biden economy was always a nightmarish streak of unbelievably stupid policies from beginning to end, even by liberal standards. Politico may be late to the show, but at least one outlet finally had the guts to publish the obvious.

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