Grading President Biden’s Economic Record

Source: In These Times
by Max B Sawicky

“In 1980, one of Ronald Reagan’s most powerful attacks on incumbent President Jimmy Carter was said to be his question, ​’Are you better off than you were four years ago?’ Reagan went on to narrow the purview of his question to voters’ ability to buy things, the unemployment rate and ​’respect for America’ in other countries. In point of fact, U.S. economic performance from 1976 to 1980 was not great, but it wasn’t terrible either. … Now, ahead of the 2022 midterm elections, the same question might be considered with respect to the Biden administration (albeit two years into a Democratic presidency rather than four). It is common to credit or criticize presidents with respect to the jobs they ​’create’. (Actually, presidents don’t directly create jobs, except when they choose to enlarge the federal workforce, or … when jobs are handed to dissolute family members and cronies.).” (09/15/22)