Last week I saw a senior Biden Administration official display his utter ignorance of our economic system. How dare shareholder’s expect to see a return on their investment! Biden sets the regulatory environment, whether through new policy or changes in enforcement practices of current policies. Regardless, we seem to be headed in an increasingly oppressive direction. I now see history as remembering the Biden-Harris Administration as being a disaster, as understood by the majority of those who participated in my poll at the beginning. Poll shall remain open and votes will be always changeable. How do you see History Remembering the Biden -Harris Administration? Elite 3 vote(s) 11.5% Above Average 2 vote(s) 7.7% Average 1 vote(s) 3.8% Below Average 3 vote(s) 11.5% * Disaster 17 vote(s) 65.4%
I changed my vote to below average.While no president has fucked the people who gave them the nomination and put them in office more than Biden has I cant rate his presidency a disaster.Disaster is reserved for true disasters like Trump and Bush 2.
I’ll agree with you on Bush 2. Was happy with Trump overall, and he may still be our best choice for President going forward, but I’m open to other competent possibilities. Seeing your Green Party profile picture, I looked them up. There have some impressive people associated with the Green Party. However, their views on economic systems would likely lead to their policies being unsustainable in the long run. Ironically, while reading about the Green Party, I thought of Trump, as Trump and the Green Party are both a small, dedicated group against our pervasive, authoritarian establishment. I sincerely hope my previous thought does not offend you, but Trump is one of the good ones. No, he is not perfect, but he is more credible than US media and is higher rated in polls versus prominent members of Congress and direction of country. While the US media seems a bit friendlier towards the Green Party than Trump, it seems mostly lip service to get Green Party and some independent votes without actually meaningfully deliver on campaign promises. Is my perception correct here? Fortunately, the Bush and Cheney brands seem permanently damaged with Liz’s recent defeat and one of the Bush brothers decisively losing a Texas attorney general race this year. Career politicians are establishment politicians and most have only survived politically because of their skills at avoiding getting taken down because of their corruption. Off shore accounts, partisan prosecutors, misdirected investigators, broken ethics committees, and sealed records by the courts such as Epstein flight logs and multiple Congressional prostitution ring client lists keep the corrupt in power and reformers effectively out of power. Exhibit “A” is Trump. Exhibit “B” is the Green Party. Corporate malfeasance has seemingly been increasing even more under Biden, adversely affecting our privacy, standard of living, and even our civil rights. The trend is towards increasing authoritarianism because our system of ousting self-serving politicians who fail to represent their constituents is broken. The media was an important part of exposing corruption, but now itself has been compromised. As citizens with a desire for political reform, perhaps our most powerful tool is voting with our dollars. We should research the businesses we intend to work for and buy from. We should only share our ideas with employers who are politically ethical and buy from small businesses using cash. Certain goods and services, including those related to privacy, are often best “Shared”. Indeed, the “Sharing economy” still has great growth potential and may even have long term political reform potential as our corrupt corporatocracy realizes their overly exploitive system is no longer working.
No worries. The Republicans are headed for extinction. They are so stupid, through and through. Unfortunately, “The Cheney philosophy” still resonates with the US Political establishment where human exploitation on a massive scale, in order to maximize energy and defense contractor profits, AKA high paying lobbyists. The Cheney philosophy will likely continue for the foreseeable future.
I see discussions related to assigning blame for the apparent coming recession. Some are blaming the Federal Reserve and some are blaming the Biden-Harris Administration. The reality is more complicated. On the one hand, Biden’s early energy policy tended to discourage production of our most utilized energy source leading to price increases that included intangible considerations such as regulatory risk premium. Biden then ordered a massive release of crude from our strategic petroleum reserve which helped to lower prices. However, there is a potential cost in this move. It is related to preparedness during great geopolitical uncertainty with the Russia-Ukrainian War. Further, the US chose to approach Taiwan which they should have known that would provoke the Chinese. Poking bears and pandas while dropping your underpants can lead to uncomfortable situations. Biden’s stimulus plan, approved by Congress is inflationary. I said so at the time. I also said that it was ok for us to take on some inflation out of an abundance of caution due to uncertainty related to the progression of the Covid pandemic, given unknown risks of new variants. In the face of Biden’s energy policy and stimulus spending, the Fed maintained an accommodative policy. Such policy was consistent with maintaining an abundance of caution. The Biden Administration was feeling political heat from inflation that caused Biden’s approval ratings to plummet. Recently, however, Biden’s approval rating have improved significantly and now concerns are focusing on potential recession. There is a major factor being overlooked in regards to inflation. It is a near society wide decline in productivity related to complacency, a sense of entitlement encouraged by various bailout programs including stimulus checks, loan forgiveness, and civil disobedience related to vaccine mandates and a perception by some of Democrat Party overreach. Historically speaking, normally the productivity of a society increases for some time after a significant adverse event, such as loss of a war, a natural disaster, or a major recession. The fact we did not see a sustained increase in productivity after the Covid lockdown to present suggests members of society have become “Hardened” in their belief systems. If my perceptions are correct, it does not bode well for a quick return to the economic conditions we’ve grown accustomed to over the years. In other words, our lives seem likely to be ruled by inflation, or recession, or persistent stagflation for the foreseeable future. The Federal Reserve has a tough job considering the delayed nature of economic information and the difficulty in ascertaining the intangibles such as current cultural inputs. That said, it seems the Federal Reserve is being too aggressive with their hawkish policy, potentially leading to a hard, maybe very hard, landing. A recession of reasonable depth is ok because it may help reduce complacency of many and ultimately return productivity to more normal levels. It has been over a decade since we have seen interest rates rise significantly. Further, equity prices seemed to have adjusted to very low interest rates before interest rates roughly doubled, suggesting significant potential for further equity market declines, adversely affecting capital formation and further dampening consumer spending. In my opinion, it may be best for the Federal Reverse to start pulling back on the yoke as the ground seems fast approaching. Since this thread is about the Biden-Harris Administration, including their popularity, I am raising my opinion to “Below average” from “Disaster” based on their Ukrainian policy as well as recent indictions of more flexibility on energy policy. Large leadership gaps remain, so I wonder how effective the Biden-Harris Administration can be going forward.