Jason Furman is a left-leaning economist who currently works at Harvard but who previously served as chair of the Council of Economic Advisers under President Obama. So his recent takedown of Bidenomics is coming from an ally of the party not an outsider.
Furman’s analysis starts with the fact that voters rejected Biden and Harris because in their view Bidenomics was not a rousing success. If you had to point to a single cause for widespread dissatisfaction with Biden’s tenure, it would probably be inflation.
Although there are many explanations for Donald Trump’s victory in the 2024 U.S. presidential election, voters’ views of the U.S. economy may have been decisive. In polling shortly before the election, more than 60 percent of voters in swing states agreed with the idea that the economy was on the wrong track, and even higher numbers registered…
