With everything going on, I've not actually seen what Biden says he is going to do as President. Where is the best place to get info on him?
It's a huge topic.
- Biden is going to be running into an economic conflict with China, accelerated by Trump. Biden's natural style is to build alliances and work together, so he might be able to do something with this by building alliances in that region.
- Biden will likely rejoin the Paris Climate Accord
- Remake a lot of the European alliances which struggled under Trump due to Trump's unstable decision making
- He's an establishment politician which promises 'more of the same' but in some respects the next 2 years he will be under massive pressure from the progressive left of the party to enable some of their agenda
- Economic constraints however will mean he can't do much of this and will need to pursue a pro business approach to get USA growth up post-Covid, and deal with the astronomical debt. Expect a few token stimulus cheques thrown to the public.
- All that said, USA citizens have been maxing out personal debt and if the Covid crisis kicks up a gear with the new variant we're going to see a huge problem. Corporate debt is high, household debt is high and rising and government debt is astronomical. This means there is very little in the system for Biden to unplug unless he fully embraces Fed-funded stimulus direct to Americans
- That said, Fed Chief Yellen, Biden's choice, is not a fan of MMT so how far this is pushed depends on the difficulty of the situation and is more something for the economics thread.
- The senate win in some respects will make it very difficult for Biden to be a two-term president due to the expectations vs realities he has to deal with. The Trump effect works for both sides when it comes to catalysing turnout, and once minority groups realise that their platform isn't being listened to despite having the house and senate, it's unlikely you'll see as much engagement in the next cycle and this may cost the Dems.