Half the country eagerly awaits the Biden-Harris administration, hopeful that President-electJoe Bidenwill “Build Back Better.” The rest of us ponderBarack Obama’s reported warning: “Don’t underestimate Joe’s ability to f--- things up.”
What could Biden mess up? A lot.
Despite the liberal media’s apocalyptic pronouncements that President Trumphas destroyed our country, a solid 56% of our fellow citizens think they are better off than they were four years ago. That suggests that for the majority of Americans, there’s plenty of room to backslide.
For example, despite the horrors of the pandemic, the economy has proved unexpectedly resilient. Our recovery from the self-imposed lockdowns of the spring has outperformed every expectation, even as large industries like travel and entertainment remain constrained and large cities like New York continue under severe restrictions.
We have regained more than half the jobs lost to the sudden downturn, consumer confidence remains high and spending is almost shockingly robust. In October retail sales rose nearly 6% from the year before, in spite of the virus. Housing is booming, home prices are rising rapidly and the stock market is setting new highs, all of which suggests that the next six to nine months will continue to see progress.
This rebounding prosperity is of no use to the 11.1 million Americans still out of work, or the unprecedented number of people lining up at food banks across the country. But as we continue to dig out of the recession, job openings will increase and employment will rise. Unemployment today stands at 6.9%, down from 14.7% in April.
How could Biden undermine this recovery? The same way the Obama-Biden White House prevented the “green shoots” of 2009-2010’s bounce-back from flourishing: imposing large-scale new regulations and programs onto anxious businesses. Biden’s quasi-Green New Deal will, like ObamaCare, stall business investment and hiring. Biden’s promise to raise taxes by $4 trillion will deliver the coup de grace. Both would flat-line our growth; both are priorities for Biden.
You can post now and register later.
If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.
Half the country eagerly awaits the Biden-Harris administration, hopeful that President-elect Joe Biden will “Build Back Better.” The rest of us ponder Barack Obama’s reported warning: “Don’t underestimate Joe’s ability to f--- things up.”
What could Biden mess up? A lot.
Despite the liberal media’s apocalyptic pronouncements that President Trump has destroyed our country, a solid 56% of our fellow citizens think they are better off than they were four years ago. That suggests that for the majority of Americans, there’s plenty of room to backslide.
For example, despite the horrors of the pandemic, the economy has proved unexpectedly resilient. Our recovery from the self-imposed lockdowns of the spring has outperformed every expectation, even as large industries like travel and entertainment remain constrained and large cities like New York continue under severe restrictions.
We have regained more than half the jobs lost to the sudden downturn, consumer confidence remains high and spending is almost shockingly robust. In October retail sales rose nearly 6% from the year before, in spite of the virus. Housing is booming, home prices are rising rapidly and the stock market is setting new highs, all of which suggests that the next six to nine months will continue to see progress.
CLICK HERE TO GET THE OPINION NEWSLETTER
This rebounding prosperity is of no use to the 11.1 million Americans still out of work, or the unprecedented number of people lining up at food banks across the country. But as we continue to dig out of the recession, job openings will increase and employment will rise. Unemployment today stands at 6.9%, down from 14.7% in April.
How could Biden undermine this recovery? The same way the Obama-Biden White House prevented the “green shoots” of 2009-2010’s bounce-back from flourishing: imposing large-scale new regulations and programs onto anxious businesses. Biden’s quasi-Green New Deal will, like ObamaCare, stall business investment and hiring. Biden’s promise to raise taxes by $4 trillion will deliver the coup de grace. Both would flat-line our growth; both are priorities for Biden.