At the beginning of August last year, Kamala Harris praised a jobs report as being an example of “Bidenomics” at work. The term was co-opted by the Biden administration as a means of countering what Republicans were saying about the weak economy. Every good bit of news that came out, they took credit for.
“Bidenomics is working,” she said at the time, letting the Biden-Harris administration take credit for the economy that month.
That was a year ago. A lot has changed, particularly the election landscape for the presidency. 2024 has shifted from a rematch of 2020 to Donald Trump now running directly against Harris. But the Biden team made a deliberate choice to call the administration the “Biden-Harris Administration,” and to tie her closely to the policies Biden and his team were putting in place.
On Friday, the jobs report for July was abysmal to the point that the markets went…