The Economist magazine reported on the successes of the Biden administration during the last year and the moderation of American voters in the 2022 election. The article said: It mustered a bipartisan majority to pass the chips and Science Act , a $280bn effort to shore up America’s microchips industry, thanks to growing wariness of China. After unsuccessfully pushing a grand economic redesign of America, the administration eventually compromised enough to overcome the resistance of Joe Manchin of West Virginia, often the swing Democrat in a 50-50 Senate, to pass a more modest, inaptly named Inflation Reduction Act , promising spending of $369bn over a decade. Its climate spending will be the most substantial in American history (in a year when disasters from drought in the West to Hurricane Ian in the East, to a nationwide winter storm at Christmas, served as a reminder of climate perils). Together with an infrastructure pack...