Re: The Biden Presidency Thread
Posted: Tue Aug 09, 2022 11:38 pm
A potential ‘Weekend at Bernie’s’ situation.
That is not dead which can eternal lie, and with strange aeons bring us some web forums whereupon we can gather
http://www.octopusoverlords.com/forum/
I question how much of these outcomes are his results though. This is a far cry from the Clinton era where Clinton's folks carefully worked two sides against each other to get stuff done. He wasn't even really in this latest round of negotiations for the climate bill. The WH had taken a hands off approach and given up on it. Most of this stuff happened in Congress. Still he takes the blame when things don't work out - even when it's not his fault - so it's fair to take the credit - even when it's not rightly his win.YellowKing wrote: ↑Wed Aug 10, 2022 10:50 am At this point Biden seems a bit like the tortoise in the classic Tortoise and Hare fable. Plodding along, doing his thing without regard to criticism and polls, and then shocking everyone when he pulls out a win.
In this fast-paced, instant gratification era, he's still living on Biden time. His methods may seem anachronistic, but I can't argue with the results.
All part of the Dark Brandon Master Plan.malchior wrote: ↑Wed Aug 10, 2022 11:19 amI question how much of these outcomes are his results though. This is a far cry from the Clinton era where Clinton's folks carefully worked two sides against each other to get stuff done. He wasn't even really in this latest round of negotiations for the climate bill. The WH had taken a hands off approach and given up on it. Most of this stuff happened in Congress. Still he takes the blame when things don't work out - even when it's not his fault - so it's fair to take the credit - even when it's not rightly his win.YellowKing wrote: ↑Wed Aug 10, 2022 10:50 am At this point Biden seems a bit like the tortoise in the classic Tortoise and Hare fable. Plodding along, doing his thing without regard to criticism and polls, and then shocking everyone when he pulls out a win.
In this fast-paced, instant gratification era, he's still living on Biden time. His methods may seem anachronistic, but I can't argue with the results.
Maybe stepping away from it and letting the kids figure it out on their own is a strategy in and of itself...malchior wrote:The WH had taken a hands off approach and given up on it.
I'm missing the joke. Inflation was flat compared to June.stimpy wrote: ↑Wed Aug 10, 2022 4:13 pm "That's what happens when you build an economy from the bottom up and the middle out. The wealthy do very well and everyone has a chance".
BWHAHAHAHAHAHAHAHAHAHA
https://currently.att.yahoo.com/finance ... 04223.html
CNBC wrote:Stocks rose sharply on Wednesday after a key inflation reading showed a better-than-expected slowdown for rising prices.
The Dow Jones Industrial Average jumped 535.10 points, or 1.63%, to close at 33,309.51. The S&P 500 gained 2.13% to 4,210.24, its highest level since early May. The Nasdaq Composite rose 2.89% to 12,854.80 for its best close since late April.
The headline consumer price index for July rose 8.5% year over year, and was flat compared to June. Economists surveyed by Dow Jones were expecting increases of 8.7% and 0.2%, respectively.
Inflation is flat, but still at 8.5%.stessier wrote: ↑Wed Aug 10, 2022 4:28 pmI'm missing the joke. Inflation was flat compared to June.stimpy wrote: ↑Wed Aug 10, 2022 4:13 pm "That's what happens when you build an economy from the bottom up and the middle out. The wealthy do very well and everyone has a chance".
BWHAHAHAHAHAHAHAHAHAHA
https://currently.att.yahoo.com/finance ... 04223.html
CNBC wrote:Stocks rose sharply on Wednesday after a key inflation reading showed a better-than-expected slowdown for rising prices.
The Dow Jones Industrial Average jumped 535.10 points, or 1.63%, to close at 33,309.51. The S&P 500 gained 2.13% to 4,210.24, its highest level since early May. The Nasdaq Composite rose 2.89% to 12,854.80 for its best close since late April.
The headline consumer price index for July rose 8.5% year over year, and was flat compared to June. Economists surveyed by Dow Jones were expecting increases of 8.7% and 0.2%, respectively.
Inflation is flat month over month but up 8.5% year over year. I think it's better that it's slowed down rather than continued to increase. The trick is going to be threading the needle where there is no recession. If the target is still 2-3% per year, you really want an increase of 0.2% per month or so. If we see that, this time next year we'll be around 3% year over year. That level seems better than continued 8% growth and would seem to give more people a chance at paying their bills.stimpy wrote: ↑Wed Aug 10, 2022 4:31 pmInflation is flat, but still at 8.5%.stessier wrote: ↑Wed Aug 10, 2022 4:28 pmI'm missing the joke. Inflation was flat compared to June.stimpy wrote: ↑Wed Aug 10, 2022 4:13 pm "That's what happens when you build an economy from the bottom up and the middle out. The wealthy do very well and everyone has a chance".
BWHAHAHAHAHAHAHAHAHAHA
https://currently.att.yahoo.com/finance ... 04223.html
CNBC wrote:Stocks rose sharply on Wednesday after a key inflation reading showed a better-than-expected slowdown for rising prices.
The Dow Jones Industrial Average jumped 535.10 points, or 1.63%, to close at 33,309.51. The S&P 500 gained 2.13% to 4,210.24, its highest level since early May. The Nasdaq Composite rose 2.89% to 12,854.80 for its best close since late April.
The headline consumer price index for July rose 8.5% year over year, and was flat compared to June. Economists surveyed by Dow Jones were expecting increases of 8.7% and 0.2%, respectively.
But somehow, that means everyone now has a chance.
A chance at what? I have no idea......
But I'm sure the bottoms and middles are damn happy the wealthy are doing well......
The trick here has been that energy has been the big mover on inflation and gas prices dropped a lot. It's also why focusing on headline inflation isn't what most economists do. They focus on core inflation which is the real target for that 2-3%. It increased 0.3% month over month and came in at 6.1% YoY. As you said, if we saw consistent 0.2-0.3% MoM we'd drift back into target range over a year and change. That's pretty unlikely in the scheme of things. Things aren't that perfect in the real world generally but it's good news in general.stessier wrote: ↑Wed Aug 10, 2022 4:40 pmInflation is flat month over month but up 8.5% year over year. I think it's better that it's slowed down rather than continued to increase. The trick is going to be threading the needle where there is no recession. If the target is still 2-3% per year, you really want an increase of 0.2% per month or so. If we see that, this time next year we'll be around 3% year over year. That level seems better than continued 8% growth and would seem to give more people a chance at paying their bills.
The successes have fueled optimism among Democrats that the party might defy history and hold its slim congressional majorities in November as the president’s low approval rating has begun inching upward.
Biden emerged from isolation this past week after his bout with COVID to sign bipartisan bills boosting US computer chip production and expanding health care benefits for veterans exposed to toxic burn pits. In the coming days, he’s expected to sign the Inflation Reduction Act, legislation long sought by Democrats that tackles climate change and lowers prescription drug costs.
“Decades from now, people are going to look back at this week, with all we passed ... [and say] that we met the moment at this inflection point in history,” Biden said in signing the CHIPS and Science Act on Tuesday.
Prior to the recent flurry of signings, Biden secured confirmation of Ketanji Brown Jackson to the Supreme Court this spring as the first Black woman justice. In June, he signed bipartisan legislation addressing gun violence, the first federal action on the issue in decades. He also scored a major national security success this summer with the killing of al-Qaida leader Ayman al-Zawahri by a US drone strike in Afghanistan.
Some developments outside of Biden’s control also have added to the momentum. The Supreme Court’s June decision ending the constitutional right to abortion could boost Democratic turnout in November and lure independents who support abortion rights to vote for the party’s candidates. And to top it off, economic news has turned more positive, with data from July showing strong job growth and a steady decline in gas prices that slowed a soaring annual inflation rate.
“Over the last few months, it sure looks like he’s found his mojo again,” said Simon Rosenberg, president of the centrist Democratic think tank NDN.
...
The Democrats’ recent successes have already altered Biden’s legacy in the minds of historians. Adding last year’s $1.9 trillion American Rescue Plan and $1.2 trillion bipartisan infrastructure law, Biden’s list of achievements in his first 18 months mark his term as moderately successful so far, and he gets extra credit for doing so with razor-thin congressional margins in a time of bitter partisan division, said Barbara A. Perry, director of presidential studies at the University of Virginia’s Miller Center.
That’s still a far cry from the hopes Biden had for a transformative presidency like that of Franklin D. Roosevelt, the architect of the New Deal, and Lyndon B. Johnson, who enacted the Great Society social programs. Biden referenced Roosevelt in his 2020 nomination acceptance speech and had his portrait hung over the fireplace in the Oval Office.
Historically, Perry said she’d rank Biden in the middle of the pack of past presidents. That’s about where historians placed him in the Siena College Research Institute’s latest Survey of US Presidents that was released in June: 19th out of 45 presidents — between Ronald Reagan and George H.W. Bush. In the survey’s 20 categories, Biden rated highest on ability to compromise (9th) and lowest on luck (34th).
New presidents often get a middling ranking after one year, with the exception of Trump, who was ranked third from last in 2018 and held the same spot in this year’s survey, said Donald P. Levy, the institute’s director. And, Biden’s score could improve given the recent legislative accomplishments, particularly if they have a major impact over time, as the climate provisions might do, Levy said.
...
The White House said Biden and top administration officials plan to travel around the country this month to boast of successes they say will help the American people. And Rosenberg said those victories, along with an improved economic outlook, has given the Democrats some wind at their back.
“I think Joe Biden can now say, ‘I’ve been a successful president and I’ve left the country better than I found it,’ “ Rosenberg said. “I think up until very recently, our argument about that was not as strong.”
It was really good at unpacking it and he threw the appropriate amount of skepticism Manchin's way.
Climate-wise, we're at the point late in Schindler's List where Oscar Schindler is passing handfuls of small diamonds to Nazi officials for their acquiescence in the survival of their victims.malchior wrote: ↑Tue Aug 16, 2022 5:10 pm Speaking of hot stinky, garbage some of the junk that made it into the bill thanks to Manchin was the feature of a good NY Times op ed on carbon capture. It does a good job talking about how it is a waste of resources. In my opinion it was a bribe/payout to the kleptocrats and oh...it just so happened to align Manchin's personal/familial financial interests.
Funny to see it stated like this because the last POTUS promised us negotiated medicare prescription reduction "in the first 100 days" back in 2016 and then kept promising it, as did his GOP Congress. They had a plan. They had a plan. They had a plan. Never did see it.
Yeah, as long as it doesn't involve wearing a mask or needing a vaccination.I believe we can end cancer as we know it and even cure cancers once and for all.
Politics aside...
(I've not yet clicked your link)Carpet_pissr wrote: ↑Mon Sep 12, 2022 7:47 pm Highly recommend the article on Politico today about the relationship between Obama and Biden (it’s not a tale of two buddies if that’s what you’re thinking).
https://www.politico.com/news/magazine/ ... p-00056044
Spoiler: Obama thought he was too old to run in 2016!
Given that and how much I thought Covid-19 would have been relevant in most people's lives, I'm still not hopeful. I really don't think people have a collective social interest anymore. I think they did, but it's gone now.
Sorry, I should have posted the title of the article: ‘You Believe This S--t?’ Biden’s Complicated Friendship With Obama‘Unagi wrote: ↑Mon Sep 12, 2022 9:36 pm(I've not yet clicked your link)Carpet_pissr wrote: ↑Mon Sep 12, 2022 7:47 pm Highly recommend the article on Politico today about the relationship between Obama and Biden (it’s not a tale of two buddies if that’s what you’re thinking).
https://www.politico.com/news/magazine/ ... p-00056044
Spoiler: Obama thought he was too old to run in 2016!
I think it's almost an honorable truth that Biden was indeed too old to run in 2016, and that he felt that way too, and yet it was the best option and may indeed play out to be 'the best move' as well, as the political cost for making up for Trump could all be absorbed by Biden and mostly waved off by whoever could (in a miracle imaginary world of mine) step in and run in his stead in 2024.
This. I believe Biden felt duty to run more than ambition and I think his presidency started that way. Now he's the compassionate president be that for good or ill. I have no idea if he runs in 24 nor who will step in if he doesn't.Unagi wrote: ↑Mon Sep 12, 2022 9:36 pm(I've not yet clicked your link)Carpet_pissr wrote: ↑Mon Sep 12, 2022 7:47 pm Highly recommend the article on Politico today about the relationship between Obama and Biden (it’s not a tale of two buddies if that’s what you’re thinking).
https://www.politico.com/news/magazine/ ... p-00056044
Spoiler: Obama thought he was too old to run in 2016!
I think it's almost an honorable truth that Biden was indeed too old to run in 2016, and that he felt that way too, and yet it was the best option and may indeed play out to be 'the best move' as well, as the political cost for making up for Trump could all be absorbed by Biden and mostly waved off by whoever could (in a miracle imaginary world of mine) step in and run in his stead in 2024.