Fissures in the Republican Party are apparent this election season, but there is also plenty of dissonance among Democrats, particularly on economic policy. And the clashes aren’t only between the rival campaigns of Hillary Clinton and Bernie Sanders. Strangely, President Obama is claiming credit for an economy that is being denounced by these would-be successors from his own party. Mrs. Clinton and, even more stridently, Mr. Sanders decry today’s economy as the mediocre result of a rigged system—after 7½ years of Mr. Obama’s policies.
Presidents, like quarterbacks, get more credit or blame for success or failure than they deserve. New leaders stepping into the White House inherit problems, policies and trends that affect the economy well into their presidencies and beyond.
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