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He's done a great job for his corporate donors, while clawing back a bunch of the COVID-era money for lower and middle class Americans to appease fiscal conservatives both in his own party and in the GOP. That's been great for top-line figures (GDP, Wall Street, etc) but dismal for the working stiffs that add real value to the economy.
He's also riding an enormous tech bubble, first in the form of post-COVID cryptocurrency and then into the AI investment boom. Meanwhile the fundamentals of the economy - Boeing's ability to build airliners, Tesla's ability to build cars, Cloudstrike's ability to maintain a functional internet - have rapidly eroded in the absence of any clear and coherent industry regulation. That's before you get into the continued failure to curb carbon emissions or significantly expand our alternative energy infrastructure. That's before you talk about the collapse of international trade routes, most notably through the Suez Canal, due to US-backed wars of aggression in Gaza, Yemen, and North Africa.
Then there's the courts (which he refused to pack) gutting civil rights in the US. There's the persistent threat of right-wing rioters disrupting democratic institutions. There are a host of red state governors flagrantly violating federal laws in their quixotic pursuit of a war on migrants. There's a lingering meth epidemic that we have no public policy to solve.
You can definitely pin this on more than just Biden (although, if you get into the weeds of his time in the Senate, a lot of our modern supply chain and social safety net erosion comes thanks to legislation he's advanced). But you can't seriously say the state of the country and the world has improved over the last four years, with the possible exception of "Squint and we can pretend COVID isn't a problem anymore".
He's done a shit job. Just less notably shit than the last guy.
You're blaming Joe Biden for Cloudstrike? You are ridiculous.
I'm blaming the collapse of the regulatory state for Cloudstrike. And Biden is the titular chief executive of the regulatory state.
Yeah, it was totally Biden that took down the regulatory state. Democrats are well known for their opposition to regulation.
Him and 81 other Senators, along with his friend Bill Clinton, in 1996. The Telecom Act of 1996 started the wave of consolidations in the industry that has lead to companies like Crowdstrike being the lynchpin for half the country's digital security.
Since at least Jimmy Carter, they absolutely have. But the Clinton Era wave of Blue Dogs and neoliberals that have come through since are outspoken in their opposition to any and all forms of regulation that can be classified as "unfriendly to business development". The end result is enormous, increasingly rickety and ill-managed corporate dinosaurs who need to be propped up by the federal government for fear their collapse will take out large portions of our domestic infrastructure.
As someone who's worked in IT since the 90s, a good portion in security, this is so far the most ridiculous thing I've read all day. Clowdstrike ate their face because they begged for it, and consolidation has no direct causal link.
The day is yet young and I have texans on my calendar today, but so far this is the winner. Please, go touch grass.
What?
Given we don't vote for the perfect candidate but only for the least-worse, then I can see where Biden was the best pick.
We vote for the candidates with the biggest corporate sponsorship. And the end result are corporate candidates who bow to the interests of these business elites.
In a saner world, neither of these guys would have made it out of the primary, much less been the "top" picks in a general election.
I shit on corporate Dems too, but this is just an RFK brainworm take. If you aren't at least acknowledging the inflation reduction act and the turnabout on union support then you're living a in a bubble.
The inflation reduction act did a great job of boosting spending on a few niche industries, which has been a boon for cybersecurity and energy industry portfolios.
Is green shoots that we're seeing crushed underfoot by the judicial dismantling of the NLRB. Which brings us back to Joe Biden's unwillingness to pack the courts and the periodic Dem majority in Congress dragging its feet on any kind of judicial reform or legislative backstop of historical judicial decisions.
The approval ratings of all these assholes is in the toilet. Less than a trillion dollars spread over four years in a $27T/year domestic economy isn't moving the needle, particularly when all the fundamentals - housing costs, health care costs, education costs, even basic food costs - are continuing to outpace wages, while the actual state of domestic infrastructure on the aggregate deteriorates faster than repairs and renovations are implemented.
There's a reason Biden dropping out was such a serious shot in the arm for the party as a whole. He was dead weight.
You're right it wasn't enough, but the IRA moved the needle on inflation. Build Back Better would have done more. You talk about healthcare costs, caping insulin is a win. That might not matter to you, but it matters to my diabetic neighbor.
For a single medication that's still sold at significantly below the capped rate just about everywhere else in the world. The systemic problem of medical price gouging continues unabated.
This is a rule that only applies to senior citizens. So I don't get to benefit until I turn 65. How many people will die of diabetes before they're even eligible for this special rate?
I just told my neighbor his cheaper insulin doesn't matter and the world would be the same if he were more poor. Thank you for giving the courage.
That sounds like a cheap, catty, and disrespectful thing to say to your neighbor. I get the sense that you might be an asshole.
I can see how insisting on a level of purity that ignores the material conditions of my neighbors could lead you to believe that. I must be the biggest asshole for shitting on Biden when this guy was actually presenting receipts. I will go touch grass.
I think you forgot the /s my dude. Hilarious take though, nice job, we all got a good laugh.