Biden failed to win the working class. Democrats might want to stop trying.

In policy terms, Joe Biden’s presidency has been a resounding success. Entering office as the pandemic still raged, he presided over the creation of almost 17 million jobs with inflation nearing the Fed’s 2 percent target. Productivity is up, wage inequality is down, small business formation is at record levels and wage growth is outpacing inflation.

And yet, in political terms, Biden has failed. He leaves office with among the lowest presidential approval ratings in history and his party having lost the presidency, the House and the Senate in the 2024 elections.

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