Editors at Investor’s Business Daily have declared that Democrats are “officially out of economic ideas.”

After spending a year traveling around the country on a “listening tour,” Democrats in the House released an economic plan that consists of either recycled bromides or pale imitations of what President Trump is already doing. Meanwhile, the party’s base drifts further into socialist extremism.

The Democrats dilemma on the economic policy is obvious. Under President Trump, the economy is surging. Optimism is at record highs. The unemployment rate is at 18-year lows, and for blacks and Hispanics it’s at all-time lows. Median household income is at an all-time high. Worse still for Democrats, voters credit Trump for the economy’s revival after years of stagnation under President Obama.

So, best thing Democrats can say is that “things could be better.” But the party leaders don’t have any ideas to make that happen.

Steny Hoyer, the House minority whip, just released an economic plan that offers up ideas in only three areas where Trump has already made strides against fierce Democratic opposition — job skills, entrepreneurs, and infrastructure. …

… To his credit, Hoyer’s plan doesn’t call for repealing the Trump tax cuts or re-regulating the economy.

But the real problem Hoyer faces isn’t that he’s got nothing new to offer. It’s that his party’s base is busy embracing a socialist agenda of free health care, free college, guaranteed government jobs, and open borders.

Even if they had fresh ideas, it’s unclear whether those ideas would promote economic growth or economic development.