A Key Belief About the 2024 Election Isn’t True

Joe Biden’s signature climate law was not just about climate. The Inflation Reduction Act was also a big bet on a particular theory of politics: Pass a law that creates factories and good-paying jobs in communities across the country, and voters will reward you at the ballot box. Such a law might even become too popular to repeal. The conventional wisdom today is that Biden’s bet was a bust. His White House had hoped that “the Inflation Reduction Act would allow the party to make inroads in…