Left-wing Democrats facing a backlash

In politics, very much like in one's personal life, there comes a point when reality bites, when you conclude that Prince Charming would not be knocking on the door anytime soon; that you may be a good tennis player but would not end up competing in Wimbledon; that your startup firm was not going anywhere.

Economists refer to the "recognition gap" - the time delay between when an economic shock, such as a sudden boom or bust, occurs and when economists, central bankers, and the government realise that it has happened.

Along those lines, US President Joe Biden and the leaders of his Democratic Party are now reaching a point when the lag between their post-2020 election hopes and dreams, and the political reality that they face, is gradually closing down.