Bidenomics Was More Successful Than People Think The conventional wisdom on Joe Biden's Inflation Reduction Act (IRA) is that it failed as an experiment in policy based politics.
The law, signed into effect in 2022, aimed to create factories and good paying jobs in communities across the country, with the expectation that voters would reward Democrats at the ballot box for their efforts.
However, when voters rejected Democrats in the 2024 election, many pundits declared that the IRA's theory of politics had been proven wrong.