This week in Bidenomics: What economy?

The state of the economy is almost always the most important factor in presidential elections , and 2024 started out no differently. The basic question all year has been whether inflation would recede quickly enough to improve voter spirits and give incumbent President Joe Biden a second term.

President Joe Biden, right, listens as Republican presidential candidate former President Donald Trump speaks during a presidential debate hosted by CNN, Thursday, June 27, 2024, in Atlanta. , but it’s somewhat true that Biden inherited an economy poised to boom. Trump signed into law three bipartisan stimulus bills totaling around $4 trillion, and his administration started developing the COVID vaccines that rolled out during Biden’s first year.

A growing economy and low unemployment rate midway through an election year normally make reelection a shoo-in for an incumbent president. Biden is likely to finish out his first term with no recession, the worst of inflation far behind, and the strongest job growth under any president in history.and prediction markets now foretell a Biden defeat, for reasons having little to do with the economy. It's the senility, stupid.

ATLANTA — A raspy and sometimes halting President Joe Biden tried repeatedly to confront Donald Trump in their first debate ahead of the November election, as his Republican rival countered Biden's criticism by leaning into falsehoods about the economy, illegal immigration and his role in the Jan. 6, 2021, Capitol insurrection.The first debate was a complete disaster for Joe Biden

With Stephen Colbert, Jimmy Fallon, Jimmy Kimmel and Seth Meyers all on vacation, all eyes were on Jon Stewart for his reaction to Thursday’s presidential debate.

Donald Trump Presidential Elections COVID Inflation Pressures Presidential Debate Incumbent President

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