This made me laugh out loud:
Biden can’t catch a break. For the past year, Dems have been scheming to run against Trump, arguably the weakest candidate in US history. Now they are finally getting their wish, and Biden’s going to lose. (They don’t read my blog.)
Here are some truths about the current US economy:
1. It’s in very good shape (say between good and excellent.)
2. In the 1970s and 1980s, it was widely believed that it was impossible for the economy to be this good—to have such low inflation during a period of 3.7% unemployment.
3. The foreign media is almost universally drooling over how good the US is doing, and frequently compares the booming US economy to the weak economies of Europe and China. The economy is so strong that there is a huge surge of people desperately trying to get into the US. Is it any surprise that workers in countries paying $2/hour are attracted to a place where McDonalds pays $20/hour? Good luck with that wall Mr. Trump!!
Unfortunately for Biden, the people of the past don’t vote and foreigners don’t vote. Actual living Americans believe the economy sucks.
So am I sad that Biden is getting such bad luck? Not really. While the economy is good to excellent, his economic policies are fair to poor. (The poor part is his fiscal policy and his industrial/trade policies—the rest is fair.) Voters are right about Bidenomics, but for completely bogus reasons. Heck, most voters probably support his stupid policies.
And then there’s the bad karma from the Dems’ cynical attempt to pump up the Trumpian part of the GOP in the hope that it would be easier to defeat.
PS. I know, I know, it’s the high grocery store prices. And Trump’s going to fix that problem by . . . . checks notes . . . running massive budget deficits, an easy money policy, high tariffs on imported food and expelling all the illegal farm workers. As usual, Matt Yglesias nails it:
