Now that the Biden-Harris administration is history, some honest Democratic economists are emerging to tell us what they really think of its record.

Jason Furman, who was chairman of the Council of Economic Advisers under President Barack Obama, writes in the current issue of Foreign Affairs on “the tragedy of Bidenomics.”

This chart is his most powerful exhibit and suggests Furman may be a secret HOTLINE reader:

Furman writes that the “administration’s desire to avoid repeating the mistakes of 2008 and its infatuation with the hot economy hypothesis, cost the economy dearly” by fueling rapid inflation.

Here are two remarkable admissions:

The Bipartisan Infrastructure Law did little to address the root causes of the United States’ long-standing infrastructure unaffordability problem–excessive environmental reviews, labyrinthine permitting processes, and laws requiring that workers are paid prevailing wages–and, in some respects, worsened the crisis by adding new requirements. The permitting reform that was supposed to pass in parallel with the climate bill never became law…Spending such a huge amount all at once without any steps to increase construction capacity led to even higher cost increases for building materials than was reflected in the overall inflation rate.

And there’s more:

The manufacturing revival has run up against the problem of crowding out. By increasing subsidies for semiconductor fabrication and green technology innovation, for example, the government has encouraged their production. But these same policies, coupled with other fiscally expansionary policies, have driven up the prices of materials and equipment, wages for construction and factory workers, interest rates for entrepreneurs hoping to borrow, and the value of the dollar, all of which have made it harder for nonsubsidized manufacturing to prosper.

Is this the Obama camp’s attempt to completely repudiate Bidenomics? It sure looks that way, but we want to remind readers there is a bit of false nostalgia here. Obamanomics was a total disaster for the country as well, and Obama only won a second term because of a lousy GOP opponent in Mitt Romney.