Speaker Johnson: ‘It Is Bidenomics That Got Us Into This Mess’

House Speaker Mike Johnson forcefully pushed back against Democratic economic messaging this week, arguing that so-called “Bidenomics” — defined by runaway federal spending and regulatory excess — was the driving force behind record inflation and the cost-of-living crisis Americans have endured in recent years.

Appearing on Fox News with co-hosts Bill Hemmer and Dana Perino, Johnson contrasted the economic failures of the Biden era with what he described as the rapid turnaround achieved after Republicans retook control of Washington and implemented President Donald Trump’s economic agenda during his second term.

“What the President is referring to when he calls [affordability] a ‘hoax’ is the Democrats’ spin; it is Bidenomics that got us into this mess. It is Bidenomics, the outrageous spending levels that drove inflation to 40-year highs, that’s why prices are up now,” Johnson said when pressed on Republican efforts to undo Democrats’ affordability crisis.

Johnson said Republicans moved swiftly once back in power, delivering exactly what voters demanded: lower inflation, tax relief, and economic growth.

“We got to work on it immediately in January when Republicans took over the Congress, the House, the Senate, and the White House, and we did exactly what we said we were going to do: bring down inflation, cut taxes and grow the economy. And that’s what all the indicators are saying. Now, inflation is going down, gas prices at a five-year low, the growth rate is over 5%. That would’ve been unimaginable, even conservative economists didn’t think that was possible,” he added.

According to Johnson, the results speak for themselves and validate Republican leadership rooted in free-market principles.

“But it is evidence that when our policies are implemented, they work. Trump policies, Republican policies, are doing right by the American people and they’re going to reward that at the ballot box in this upcoming midterm election in November,” he continued.

Johnson also blasted Democrats for reviving calls to defund or abolish Immigration and Customs Enforcement, warning that such rhetoric undermines public safety and national sovereignty.

“They can’t because Republicans control Congress. This is no time to be playing games with national security and public safety. And that’s what Democrats are doing, beating the drums up here. Remember what ICE stands for? It’s Immigration and Customs Enforcement. They are enforcing the law. They are apprehending the dangerous criminals who were allowed into our country because Joe Biden kept the border wide open for four years,” Johnson said.

He pointed to the devastating consequences of lax border enforcement, particularly in Democrat-run sanctuary cities.

“It is estimated more than 20 million people came in, many of them were a great danger to our community. A lot of them have collected in cities like Minneapolis, you know, these sanctuary cities. They’re all there. And so, ICE has to go and do its job. There’s a lot of spin on the Democrat side. They’re assaulting our law enforcement officers and they’re breaking the law. They need to get out of the way and allow federal law enforcement to do its duty that serves all the American people,” he added.

Johnson closed the interview by taking aim at Rep. Alexandria Ocasio-Cortez and other Democrats pushing what he called “false claims” about the Stop Insider Trading Act.

“AOC is wrong as usual; she clearly hasn’t read the legislation. It bans trading stocks for anyone in Congress. And this is an important step to go forward because there have been a handful of people who have abused that over the years, and they’ve enriched themselves and they’ve engaged in insider trading,” Johnson began.

“It’s against the law, but we have to police it here because it’s people’s belief in, faith and trust in Congress that’s at stake. So, this is a very important step forward. AOC as usual has no idea what she’s talking about. It wasn’t drafted by wealthy lawmakers; it’s by rank-and-file members who are here serving our constituents, and we want to send that signal to the American people that they can trust Congress. This is a big step forward,” he concluded.