Trump mocks ‘Bidenomics’

The US president-elect cited funding for Ukraine, nepotism, and corruption.

US President-elect Donald Trump has mocked his predecessor’s economic agenda, using a meme involving funding for Ukraine and the recently pardoned Hunter Biden.

Earlier this month, President Joe Biden gave his son Hunter, a convicted felon who lied about his addiction to crack cocaine while applying for a gun license, a blanket pardon for anything he may have done between January 2014 and December 2024. Before pulling out of the US presidential race, Biden had insisted on multiple occasions that he would not pardon his son.

Trump’s campaign slammed the decision as an example of how the current government has weaponized the justice system.

On Tuesday evening, Trump shared a meme on his Truth Social platform, describing how ‘Bidenomics’ works in practice. It showed Biden standing beside a whiteboard with a list of items.

“You pay taxes,” the list begins. “I send it to Ukraine. They send it back to Hunter. Hunter gives it to me. Pardon Hunter.”

Donald Trump Truth Social 03:22 PM EST 12/10/24 @realDonaldTrump pic.twitter.com/184PgGDvHX

— Donald J. Trump Posts From His Truth Social (@TrumpDailyPosts) December 10, 2024

Hunter Biden was paid millions of dollars to sit on the board of a Ukrainian gas company while his father was vice president of the US and lead on Washington’s relations with Kiev. According to the contents of a laptop the younger Biden forgot at a Delaware repair shop, 10% of all international contracts went to “the Big Guy,” widely assumed to be a reference to his father.

Biden officially defeated Trump in 2020 and embarked on an ambitious plan to reinvent the US economy after the Covid-19 pandemic that his advisers dubbed ‘Bidenomics’. Vice President Kamala Harris, whom the Democrats put forth as their candidate this year, spent the campaign insisting that the economy was in great shape and that ‘Bidenomics’ was working.

American voters apparently disagreed, handing Trump victories in the electoral college, popular vote, and all seven swing states.