This week in Bidenomics: Goldilocks derailed

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This week in Bidenomics: Goldilocks derailed
Kamala HarrisDonald TrumpJoe Biden
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Biden's senior moments are getting in the way of what should be an increasingly strong message on the economy.

The economy is breaking President Biden ’s way. Inflation is retreating to normal levels just months before the November election, while job growth remains strong. This would normally be a bullish indicator for an incumbent president seeking reelection.

In the political headlines, Biden’s presidential campaign is comatose one minute, resuscitated the next. The broader picture is that his odds of remaining the Democratic candidate are even, at best.“We are maintaining our high 70% odds that Biden will not be on the ballot in November,” Henrietta Treyz, managing partner at investment research firm Veda Partners, wrote in a July 11 analysis.

This is normally a column about economics. For the time being, however, economics is subsumed by geriatrics. Voter concerns about Biden’s age, whether justified or not, are the dominant feature of the 2024 presidential race, and possibly the decisive feature. Zelenskyy has, somehow, found himself in extremely cringeworthy situations — in 2019, at a meeting with Trump, and on Thursday, with Biden.Opinion: The Barron Fist Pump That Reveals Donald Trump’s Plan for a MAGA Dynasty

Special counsel Jack Smith told the judge in the classified documents case in Florida that Supreme Court Justice Clarence Thomas’ criticism of his appointment should have no bearing on the criminal case against former President Donald Trump.A county canvassing board in North Dakota rejected the absentee ballot of Kathryn Burgum, the wife of Republican Gov. Doug Burgum, from the June election.

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