Bidenomics Gains Momentum As Strong Economic Data Validates Policy

U.S. President Joe Biden at a NATO summit in Brussels, March 24, 2022. The June employment report showed solid job growth, and more importantly, the employed share of American adults when adjusted for population aging, was at the highest level in decades. GINTS IVUSKANS/SHUTTERSTOCK.

The spate of strong economic data suggests President Joe Biden’s economic policy, aka Bidenomics, is alive and kicking, according to noted economist Paul Krugman.

What Happened: “Bidenomics looks a lot better in retrospect, signaling that the administration may have got it mostly right after all,” said Krugman in a New York Times op-ed published on Monday.