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Adam Tooze: The Mixed Bag of Bidenomics

The policy has tried to address everything from the climate crisis to the rivalry with China.

By , a deputy editor at Foreign Policy.
U.S. President Joe Biden's head is visible in profile and out of focus as he speaks in front of a large sign that says "Bidenomics" in white lettering against a dark blue background.
U.S. President Joe Biden's head is visible in profile and out of focus as he speaks in front of a large sign that says "Bidenomics" in white lettering against a dark blue background.
U.S. President Joe Biden speaks about his “Bidenomics” plans at Auburn Manufacturing Inc. in Auburn, Maine, on July 28. Brendan Smialowski/AFP via Getty Images

As U.S. President Joe Biden prepares to run for reelection, there are plenty of economic indicators working in his favor. Inflation is falling, even as unemployment has dropped to 3.4 percent. And public investment in infrastructure, high-tech manufacturing, and renewable energy projects has grown to unprecedented levels. It all adds up to an economics program that the president himself has dubbed “Bidenomics”—suggesting a significant shift in economic philosophy from preceding Democratic administrations.

Cameron Abadi is a deputy editor at Foreign Policy. Twitter: @CameronAbadi

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Tags: China, Economics, Joe Biden, North America

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