Office Hours: How can things be going so well, and Biden and the Dems be doing so badly?

The paradox explained

In today’s Office Hours, I’d like to focus on a seeming paradox.

Lots of positive news: Unemployment is down, wages are up, consumer confidence is rebounding, and consumers are spending more (retail sales jumped 1.7 percent in October, the third monthly increase). COVID seems to be in retreat, at least among those who have been vaccinated. And two big pa…