Four days left until the midterm elections, and closing statements are in the air. As I’ve mentioned, President Biden’s threat to democracy speech at D.C.’s Union Station bombed. 

Everybody in the country is worried about inflation, economy, crime, illegal immigration, fentanyl, parents overseeing their children’s schooling, and, of course, high energy prices along with shortages of diesel fuel and home-heating oil. Mr. Biden didn’t mention any of that.  

Instead, he gave this height-of-hypocrisy, self-righteous talk claiming that all 74 million Republicans are evil and violent, kind of painting a picture of Republican housewives storming out of their suburban homes with 12-inch kitchen knives, going after their neighbors who might’ve voted Democrat. 

Am I exaggerating here? Of course I am, but that’s where Mr. Biden was going.  

By the way, as we are learning daily, suburban soccer moms are actually flocking to the Republican Party, deserting Mr. Biden’s Democrats in droves.   

More interesting to me was a piece on Fox Digital by Senator Sanders, a self-described socialist and a man who I have always held in high regard, even while I completely disagree with his point of view. Mr. Sanders defended the Biden economic record, as befitting a socialist defender of socialism.  

The senator argued that while inflation is a problem, the underlying cause of it is corporate greed. Astronomical increases in corporate profits are driving up prices of gas, airline tickets, food, and prescription drugs.  

As he was attacking oil companies and the airlines and the pharmaceutical industry, what he neglected to say is that during the height of the pandemic year, in 2020, every one of these companies and their shareholders lost a fortune in a shuttered economy that absolutely crushed their profits. So what you got for the last year is a rebound to normalcy.  

My favorite point here is Mr. Biden’s attack on Exxon for making $22 billion — but he forgot to tell people that it lost $20 billion during Covid. You could multiply that scenario through all these industries and all these companies.  

Then, Mr. Sanders goes on to say that in early 2021, at the time of Mr. Biden’s inauguration, “the United States was suffering its worst economic downturn since the Great Depression.” 

Okay, let’s go to the scoreboard. At some point in this discussion, factoids matter. Here are a couple. 

By the time Mr. Biden came into office, the U.S. economy was in a strong, V-shaped recovery from the pandemic shutdown. First quarter GDP in 2021 was up 6.5 percent at an annual rate. Now, the peak unemployment rate during the Covid collapse in Q2 2020 was 14.7 percent. By the time Mr. Biden arrived at 1600 Pennsylvania Avenue, it had fallen to 6 percent. 

Okay? Unemployment down to 6 percent from 14.7 percent: These were legacies of the Trump economy.  

Actually, in today’s jobs report, the unemployment rate is 3.7 percent. So, it hasn’t really fallen that much over the past two years. And, by the by, the inflation rate back then was only slightly above 1 percent. Now, those are facts. I can’t do better than that.  

Mr. Sanders, whom I generally respect, cannot ignore facts. I expect him to go on about corporate greed — that’s a familiar socialist talking point — and no one is surprised that he touts a windfall profits tax for American business. 

Mr. Sanders is nothing if not a consistent socialist who loves workers, but doesn’t like the businesses that hire them and can’t imagine that companies without profits can’t hire. But companies with profits do, in fact, hire. 

When President Trump slashed corporate tax rates, which created the strong grounding that actually allowed us to withstand the terrible Covid disaster, he provided the opportunity for strong profits that led to the hiring of 13.9 million people between April 2020 and March 2021. 

By the way, since then, 8.9 million people have returned to work, but that’s still a lot less than the 13.9 million that came back on the job during Mr. Trump’s V-shaped recovery.  

Mr. Biden also talks about how when he took office the economy was in “ruins.” Of course, a patently untrue point. He said it again last night in New Mexico. He said it many other times.  

Mr. Biden is incapable of telling the truth about the economy or inflation. Or falling real worker wages. Or sky-rocketing grocery prices. Or a number of many other things, for that matter.  

Then again in New Mexico, Mr. Biden blathered on about how the Trump tax cuts only benefited the top 1 percent, which is a complete falsehood. As we’ve said many times, the biggest winners were the blue-collar middle- and lower-income people, minority groups, blacks, Hispanics, Asians, and women. Poverty tumbled. Inequality fell.  

How many times do we have to correct the president’s extraordinary, factual ignorance? I guess the answer is: Many times. I don’t mind doing it. I’m up to this task. It’s not really heavy lifting. 

Socialism never works. The country doesn’t want it. That’s why the cavalry’s coming in just a few more days.  

From Mr. Kudlow’s broadcast on Fox Business News.