It Was Meant to Be a Campaign Winner. Is ‘Bidenomics’ a Liability?

News Analysis WASHINGTON—President Joe Biden, who has typically refrained from discussing the stock market, finally broached the subject in mid-December, celebrating a record high for the Dow Jones. It was an apparent attempt to appeal to voters who are still pessimistic about inflation and the economy. The president recently trolled former President Donald Trump in a campaign video posted on social media; mocking his predecessor’s 2020 warning of a stock market crash if Mr. Biden were elected. “Good one, Donald,” President Biden wrote in a Dec. 15 post on X, formerly Twitter. During the 2020 presidential campaign, President Trump said, “If Biden wins, you’re going to have a stock market collapse the likes of which you’ve never had.”...