Column: Bidenomics just had its first birthday. Why are so few people celebrating?
LA TimesBidenomics just had its first birthday, and less than half the country celebrated. Biden suffers — unfairly — by comparison with Donald Trump, thanks to Trump’s purported business acumen and the many Americans who buy his blarney about how he created “the greatest economy in history.” Just take Trump’s lifetime: Presidents Eisenhower, Johnson and Clinton presided over significantly greater growth. The economy Biden was bequeathed had been ravaged by pandemic disruptions exacerbated by Trump’s erratic response to the crisis, including a screwed-up vaccine distribution system. In the party’s first debate of the primary season, South Carolina Sen. Tim Scott claimed that when Trump and the Senate Republicans lost power after 2020, they left behind “record low unemployment.” No, it was nearly 7%. A recent CNN poll found that just over half of Americans believe the economy is “still in a downturn and getting worse.” Biden’s overall approval rating was bad enough, at 41%, but just 37% approved of his handling of the economy.
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Opinion: President Biden just celebrated his birthday. So should voters.
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