The world’s two most powerful leaders have just had very different years.
At the beginning of 2022, Joe Biden was widely portrayed as a failed president. His legislative agenda appeared stalled, while economic troubles seemed to guarantee devastating losses in the midterms. What happened instead was that the Inflation Reduction Act — which is mainly a game-changing climate bill — was enacted; the much-hyped “red wave” was a ripple; and while many economists are still predicting a recession, unemployment is still low and inflation has been subsiding.
