President Joe Biden’s official social media account recently shared a meme comparing the economic policies of his administration, known as 'Bidenomics,' to those of former President Donald Trump's 'MAGAnomics.' Unsurprisingly, this post garnered significant pushback from online users.

The meme juxtaposes images of Trump along with GOP Reps. Marjorie Taylor Greene and Matt Gaetz on one side, while displaying a smiling picture of Biden and Vice President Kamala Harris on the other.

To further explain the perceived discrepancy, the Biden administration summarized the key differences between the two economic approaches. According to their statement, MAGAnomics revolves around tax cuts benefiting the wealthy and big corporations, while reducing funding for Social Security and Medicare, ultimately increasing costs for the middle class.

In contrast, Bidenomics aims to ensure that the wealthy and corporations pay their fair share, protect Social Security and Medicare, and lower costs for all Americans.

Predictably, Biden's tweets triggered an immediate response from numerous social media users who vehemently challenged the claims made by the administration. They argued that Bidenomics actually leads to an increase in prices for hardworking families, contrary to the administration's portrayal.