The US president’s high-spending protectionism is bad policy and worse politics. Above all, Bidenomics has no answer to America’s brewing crisis: a public debt that both parties prefer to ignore.
The sensible and overdue retirement of US President Joe Biden has but one catch. His high-spending protectionism will never face its electoral reckoning.
“Bidenomics”, if we are to accord such an old-fashioned program such a fresh name, seemed bound for defeat on November 5.
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Financial Times
Janan Ganesh is the principal political columnist for the Financial Times.
