About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

104 Foreign Aff. 133 (2025)
The Post-Neoliberal Delusion: And the Tragedy of Bidenomics

handle is hein.journals/fora104 and id is 351 raw text is: The Post- Neoliberal Delusion And the Tragedy of Bidenomics JASON FURMAN Although there are many explanations for Donald Trump's vic- tory 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 concern about the cost of living. In exit polls, 75 percent of voters agreed that inflation was a hardship. These views may seem surprising given various economic indicators at the time of the election. After all,unemployment was low,inflation had come down, GDP growth was strong, and wages were rising faster than prices. But these figures largely missed the lasting effects that dramatic price increases had on many Americans,which made it harder for them to pay for groceries, pay off credit cards, and buy homes. Not entirely unreasonably, they blamed that squarely on the Biden administration. J A S O N F U R M A N is Aetna Professor ofthe Practice of Economic Policy at Harvard University. He was Chair of the White House Council of Economic Advisers from 2013 to 2017. MARCH/APRIL 2025 2 133

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Short-term subscription options include 24 hours, 48 hours, or 1 week to HeinOnline.

Purchase Access

Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most