The Archives

“His Administration will confront an economy that teeters on the brink of a new recession, suffers from high interest rates and a massive budget deficit and grows increasingly unstable and inefficient,” Newsweek wrote the week before Ronald Reagan took office. Similarly, the Biden administration began with a COVID-19 related economic crisis and high federal debt and unemployment numbers. A year into his term, Biden’s approval rating is low as Americans continue to confront not only an ongoing global pandemic, but also inflation as well as intense political polarization.