Trump Hates Bidenomics. Why He Can’t Dump It.

By Joe Light – Barron’s

The president signed three monumental bills into law: the Bipartisan Infrastructure Deal in 2021; the Inflation Reduction Act of 2022, known as the IRA; and the Chips and Science Act of 2022. Altogether, the laws are steering more than $1 trillion into the economy through subsidies, tax breaks, and financial incentives for consumers and businesses. Democrats compare Biden to the transformative presidencies of LBJ and FDR. Republican groups such as the conservative Heritage Foundation denounce Bidenomics as “big government socialism.”