A writer in the New Yorker recently asked, “Why Isn’t Joe Biden Getting More Credit for a Big Drop in Inflation?” Probably because there is no “Bidenomics” policy that has helped lower inflation. Quite the opposite. We’re still trying to recover from the president’s economic policy. It’s the Fed that was compelled to hike interest rates at a level not seen in 30 years to inhibit economic growth partly due to government-induced inflation. It, not Biden, brought down inflation.

Presidents who oversee strong economies, often benefitting from the luck of history or existing policies, will see fewer jobs “created” during their terms because space for growth is limited. Biden was given more economic headroom than any president in history — and blew it. That’s the real legacy of “Bidenomics.”