‘Bidenomics’ Backfires

In June, the Biden White House pushed all its chips in on a big gamble. The administration took full ownership of the economic status quo with which most Americans were deeply dissatisfied, branding it a product of “Bidenomics.” The administration assumed that conditions would continue to improve into 2024 to such an extent that Americans who at the time associated Biden with an economy they hated would later give him credit for an economy they liked. So far, the gamble has been a failure.

This week, Politico pronounced a grim, albeit preliminary, sentence on...