Jim Power: Jobs don't necessarily boost the political popularity of governments

Joe Biden won't get much credit for the buoyant US economy. His Irish counterparts face a similar fate — especially amid the continuing crime and housing crises 

US president Joe Biden and first lady Jill Biden returning to the White House after a holiday trip to Lake Tahoe. Mr Biden Picture: Manuel Balce Ceneta/AP

Many moons ago when I studied economics in college, the subject was called ‘political economy’, but has since reverted to ‘economics’, which is where I think it still is today.

The political economy title was very apt, as the more we see, the more we should realise just how much of an impact politics has on economic outcomes.