Two years into his presidency, Joe Biden has revolutionized America?s economic policy?both home and abroad.
David Rothkopfareas than any of his predecessors since Franklin Roosevelt.
Published May. 03, 2023 4:11AM ET
https://www.thedailybeast.com/how-bidenomics-has-finally-defeated-reaganomics
he last thing many of us expected when Joe Biden became president was that he would be a revolutionary. But just over two years into Biden?s presidency, there is no doubt that he has done more to dramatically transform U.S. policy and thinking in more
America had failed to adequately invest in its infrastructure for over six decades when Biden made it a priority once again. Biden?s prioritized investment in combating climate change to a degree that no past administration ever did. On foreign policy,he executed the pivot away from a Middle East and terrorism focus to a long-term commitment to placing the Indo-Pacific region and our rivalry with China atop our list of priorities.
Remarkably, he did this while simultaneously handling the threats associated with Europe?s largest land war since World War II and reinvigorating America?s most important alliance, NATO, in a way few thought possible just years ago. He stopped theimpetus toward isolation and inaction internationally of the presidencies that immediately preceded his.
What is more, none of the transformations cited above are actually the biggest the Biden administration has overseen.He is the one who at last put an end to the ?Washington consensus? that has served the rich worldwide and left the poor to struggle with too little support. He, at last, ended the slavish deference of Washington
From day one, Biden has profoundly transformed U.S. economic policy?and related social and international policies. Biden is the man who finally slew Reaganomics and the huckster?s brew of ?trickle-down? and ?the markets know best? policies at its core.
Importantly, Biden not just talked the talk of the revolutionary, he has walked the walk. He has systematically taken steps to prioritize economic approaches that benefited America?s middle class and those who were left behind, approaches that soughtfairness in our tax codes and their enforcement, approaches that strengthened the U.S. from within in an effort to better compete and succeed internationally.
Some of the steps he has taken were major but received too little attention, such as the effort (led by Treasury Secretary Janet Yellen) to create a minimum tax to be paid by corporations worldwide. Some of the bold changes were revealed in policychoices that made headlines?like his decision to place the concerns of the people working in the real economy ahead of the preferences of Wall Street in his American Rescue Plan, his initiative to invest in our infrastructure
When I was a senior economic official in the Clinton administration, had I mentioned ?industrial policy? in a meeting I would have immediately been shown the door. But Biden, through the CHIPS and Science Act illustrated that it was now not only okayto discuss such ideas, but that he would go further and implement them?because they would help create jobs and because they would strengthen U.S. national security.
Last week, in Washington, National Security Adviser Jake Sullivan delivered a speech at the Brookings Institution that helped tie together many of the core principles underlying Biden?s views and actions. It was certainly the most significant economicspeech ever given by a U.S. national security adviser. But then again, it was clear even before he arrived in office that Sullivan would become the most economically savvy and active national security adviser in U.S.
Sullivan?s speech began with the assertion that because many of the economic policies of the past were not serving most Americans or our interests, that ?this moment demands that we forge a new consensus??something he described as ?a modern industrialand innovation strategy.?
He enumerated its goals to be a strategy that ?invests in the sources of our own economic and technological strength, that promotes diversified and resilient global supply chains, that sets high standards for everything from labor and the environmentto trusted technology and good governance, that deploys capital to deliver on public goods like climate and health.?
Sullivan?s speech went on to explain that from the outset, Biden and his team saw the country as facing ?four fundamental challenges.? These included the hollowing out of the U.S. industrial base.and trade liberalization as an end in itself.? Going further, he argued that a core mistake of these recent past policies was that they were based on the deeply flawed idea ?that markets always allocate capital productively
Here he took a clear shot at Reaganomics when he noted that ?the vision of public investment that energized the American project? had faded,? giving way to ?a set of ideas that championed tax-cutting and deregulation, privatization over public action
A second challenge he cited was ?adapting to a new environment defined by geopolitical and security competition.? Here, his point was that (in the past) economic integration was hoped to ?make nations more responsible and open and that the global orderwould be more peaceful and cooperative? and that ?it didn?t turn out that way.? Here, he cites China as exhibit A.
The climate crisis was the third of the four challenges and, critically, at the core of the core of Biden?s ideas, I believe, was ?inequality and its damage to democracy.? Again, in this instance, he specifically cites the core elements of Reaganomics (and the Reaganomics-lite embraced by recent Democratic administrations), such as ?trickle-down economic policies?policies like regressive tax cuts, deep cuts to public investment, unchecked corporate concentration and
Sullivan?s speech then went on to describe Biden?s ?foreign policy for the middle class.? He identified a key element as recognizing that we need a national industrial strategy to compete and protect ourselves in a world in which all of our competitorshave such an approach. Specifically, he cited the focus the administration has had on revitalizing our semi-conductor and clean-energy production sectors. The second component of the strategy he identified is ?working
But of course, that is just the point. Biden, Sullivan, Yellen, and their team have finally acknowledged that growth for its own sake?or good performance by markets?are not the only metrics we should have as we make economic policy decisions.obligation to step in and take steps to ensure that critical social goods are advanced.
Markets don?t have consciences, neither do they take into consideration the security interests of nations. Companies are by law required to place their bottom line interests ahead of the interests of the rest of society. Therefore, government has an
Finally, after many decades of deferring to the financial and corporate interests who also happen to be big political donors, a president and his team have come along to say, ?enough.? It is time to make economic decisions that serve all the people andaddress the damage done by the policies of the past.
In article <56171717-3bfb-412b...@googlegroups.com>,
davidbr...@gmail.com says...
Two years into his presidency, Joe Biden has revolutionized America?s economic policy?both home and abroad.
more areas than any of his predecessors since Franklin Roosevelt.David Rothkopf
Published May. 03, 2023 4:11AM ET
https://www.thedailybeast.com/how-bidenomics-has-finally-defeated-reaganomics
he last thing many of us expected when Joe Biden became president was that he would be a revolutionary. But just over two years into Biden?s presidency, there is no doubt that he has done more to dramatically transform U.S. policy and thinking in
policy, he executed the pivot away from a Middle East and terrorism focus to a long-term commitment to placing the Indo-Pacific region and our rivalry with China atop our list of priorities.America had failed to adequately invest in its infrastructure for over six decades when Biden made it a priority once again. Biden?s prioritized investment in combating climate change to a degree that no past administration ever did. On foreign
impetus toward isolation and inaction internationally of the presidencies that immediately preceded his.Remarkably, he did this while simultaneously handling the threats associated with Europe?s largest land war since World War II and reinvigorating America?s most important alliance, NATO, in a way few thought possible just years ago. He stopped the
core. He is the one who at last put an end to the ?Washington consensus? that has served the rich worldwide and left the poor to struggle with too little support. He, at last, ended the slavish deference of WashingtonWhat is more, none of the transformations cited above are actually the biggest the Biden administration has overseen.
From day one, Biden has profoundly transformed U.S. economic policy?and related social and international policies. Biden is the man who finally slew Reaganomics and the huckster?s brew of ?trickle-down? and ?the markets know best? policies at its
neoliberals to Wall Street, and the consequent grotesque growth in inequality and injustice it has fueled.fairness in our tax codes and their enforcement, approaches that strengthened the U.S. from within in an effort to better compete and succeed internationally.
Importantly, Biden not just talked the talk of the revolutionary, he has walked the walk. He has systematically taken steps to prioritize economic approaches that benefited America?s middle class and those who were left behind, approaches that sought
choices that made headlines?like his decision to place the concerns of the people working in the real economy ahead of the preferences of Wall Street in his American Rescue Plan, his initiative to invest in our infrastructureSome of the steps he has taken were major but received too little attention, such as the effort (led by Treasury Secretary Janet Yellen) to create a minimum tax to be paid by corporations worldwide. Some of the bold changes were revealed in policy
in the Bipartisan Infrastructure Bill, and his steps to invest in our green economy and combat rising costs for average Americans in the Inflation Reduction Act.to discuss such ideas, but that he would go further and implement them?because they would help create jobs and because they would strengthen U.S. national security.
When I was a senior economic official in the Clinton administration, had I mentioned ?industrial policy? in a meeting I would have immediately been shown the door. But Biden, through the CHIPS and Science Act illustrated that it was now not only okay
economic speech ever given by a U.S. national security adviser. But then again, it was clear even before he arrived in office that Sullivan would become the most economically savvy and active national security adviser in U.S.Last week, in Washington, National Security Adviser Jake Sullivan delivered a speech at the Brookings Institution that helped tie together many of the core principles underlying Biden?s views and actions. It was certainly the most significant
history. Work he had been actively involved in, like the Carnegie Endowment?s initiative on Making U.S. Foreign Policy Work Better for the Middle Class was quickly seen to translate into action. Sullivan also wrote on related subjects, including on thefact that foreign policy and economic policy were more deeply intertwined than often acknowledged (by foreign policy experts who were less economically astute) as in an article he wrote for Foreign Policy in 2020 with
Jennifer Harris called, ?America Needs a New Economic Philosophy. Foreign Policy Experts Can Help.?industrial and innovation strategy.?
Sullivan?s speech began with the assertion that because many of the economic policies of the past were not serving most Americans or our interests, that ?this moment demands that we forge a new consensus??something he described as ?a modern
to trusted technology and good governance, that deploys capital to deliver on public goods like climate and health.?He enumerated its goals to be a strategy that ?invests in the sources of our own economic and technological strength, that promotes diversified and resilient global supply chains, that sets high standards for everything from labor and the environment
and trade liberalization as an end in itself.? Going further, he argued that a core mistake of these recent past policies was that they were based on the deeply flawed idea ?that markets always allocate capital productivelySullivan?s speech went on to explain that from the outset, Biden and his team saw the country as facing ?four fundamental challenges.? These included the hollowing out of the U.S. industrial base.
Here he took a clear shot at Reaganomics when he noted that ?the vision of public investment that energized the American project? had faded,? giving way to ?a set of ideas that championed tax-cutting and deregulation, privatization over public action
and efficiently.? Recent experience with markets shifting much of our critical productive capacity, jobs, and many supply chains overseas?made clear during the COVID-19 pandemic?illustrated this.order would be more peaceful and cooperative? and that ?it didn?t turn out that way.? Here, he cites China as exhibit A.
A second challenge he cited was ?adapting to a new environment defined by geopolitical and security competition.? Here, his point was that (in the past) economic integration was hoped to ?make nations more responsible and open and that the global
Reaganomics (and the Reaganomics-lite embraced by recent Democratic administrations), such as ?trickle-down economic policies?policies like regressive tax cuts, deep cuts to public investment, unchecked corporate concentration andThe climate crisis was the third of the four challenges and, critically, at the core of the core of Biden?s ideas, I believe, was ?inequality and its damage to democracy.? Again, in this instance, he specifically cites the core elements of
active measures to undermine? unions.competitors have such an approach. Specifically, he cited the focus the administration has had on revitalizing our semi-conductor and clean-energy production sectors. The second component of the strategy he identified is ?working
Sullivan?s speech then went on to describe Biden?s ?foreign policy for the middle class.? He identified a key element as recognizing that we need a national industrial strategy to compete and protect ourselves in a world in which all of our
with our partners to ensure they are building capacity, resilience and inclusiveness too.? Here, as evidence of progress he cited the close coordination between the administration and our closest allies on these issues.obligation to step in and take steps to ensure that critical social goods are advanced.
But of course, that is just the point. Biden, Sullivan, Yellen, and their team have finally acknowledged that growth for its own sake?or good performance by markets?are not the only metrics we should have as we make economic policy decisions.
Markets don?t have consciences, neither do they take into consideration the security interests of nations. Companies are by law required to place their bottom line interests ahead of the interests of the rest of society. Therefore, government has an
and address the damage done by the policies of the past.Finally, after many decades of deferring to the financial and corporate interests who also happen to be big political donors, a president and his team have come along to say, ?enough.? It is time to make economic decisions that serve all the people
Word salad.OF COURSE
believe that shit.OF COURSE!
On Thursday, May 25, 2023 at 2:05:12PM UTC-4, Skeeter wrote:
In article <56171717-3bfb-412b...@googlegroups.com>,
davidbr...@gmail.com says...
Two years into his presidency, Joe Biden has revolutionized America?s economic policy?both home and abroad.
more areas than any of his predecessors since Franklin Roosevelt.David Rothkopf
Published May. 03, 2023 4:11AM ET
https://www.thedailybeast.com/how-bidenomics-has-finally-defeated-reaganomics
he last thing many of us expected when Joe Biden became president was that he would be a revolutionary. But just over two years into Biden?s presidency, there is no doubt that he has done more to dramatically transform U.S. policy and thinking in
policy, he executed the pivot away from a Middle East and terrorism focus to a long-term commitment to placing the Indo-Pacific region and our rivalry with China atop our list of priorities.America had failed to adequately invest in its infrastructure for over six decades when Biden made it a priority once again. Biden?s prioritized investment in combating climate change to a degree that no past administration ever did. On foreign
impetus toward isolation and inaction internationally of the presidencies that immediately preceded his.Remarkably, he did this while simultaneously handling the threats associated with Europe?s largest land war since World War II and reinvigorating America?s most important alliance, NATO, in a way few thought possible just years ago. He stopped the
core. He is the one who at last put an end to the ?Washington consensus? that has served the rich worldwide and left the poor to struggle with too little support. He, at last, ended the slavish deference of WashingtonWhat is more, none of the transformations cited above are actually the biggest the Biden administration has overseen.
From day one, Biden has profoundly transformed U.S. economic policy?and related social and international policies. Biden is the man who finally slew Reaganomics and the huckster?s brew of ?trickle-down? and ?the markets know best? policies at its
sought fairness in our tax codes and their enforcement, approaches that strengthened the U.S. from within in an effort to better compete and succeed internationally.neoliberals to Wall Street, and the consequent grotesque growth in inequality and injustice it has fueled.
Importantly, Biden not just talked the talk of the revolutionary, he has walked the walk. He has systematically taken steps to prioritize economic approaches that benefited America?s middle class and those who were left behind, approaches that
choices that made headlines?like his decision to place the concerns of the people working in the real economy ahead of the preferences of Wall Street in his American Rescue Plan, his initiative to invest in ourSome of the steps he has taken were major but received too little attention, such as the effort (led by Treasury Secretary Janet Yellen) to create a minimum tax to be paid by corporations worldwide. Some of the bold changes were revealed in policy
okay to discuss such ideas, but that he would go further and implement them?because they would help create jobs and because they would strengthen U.S. national security.in the Bipartisan Infrastructure Bill, and his steps to invest in our green economy and combat rising costs for average Americans in the Inflation Reduction Act.
When I was a senior economic official in the Clinton administration, had I mentioned ?industrial policy? in a meeting I would have immediately been shown the door. But Biden, through the CHIPS and Science Act illustrated that it was now not only
economic speech ever given by a U.S. national security adviser. But then again, it was clear even before he arrived in office that Sullivan would become the most economically savvy and active national security adviser in U.S.Last week, in Washington, National Security Adviser Jake Sullivan delivered a speech at the Brookings Institution that helped tie together many of the core principles underlying Biden?s views and actions. It was certainly the most significant
the fact that foreign policy and economic policy were more deeply intertwined than often acknowledged (by foreign policy experts who were less economically astute) as in an article he wrote for Foreign Policy in 2020 withhistory. Work he had been actively involved in, like the Carnegie Endowment?s initiative on Making U.S. Foreign Policy Work Better for the Middle Class was quickly seen to translate into action. Sullivan also wrote on related subjects, including on
industrial and innovation strategy.?Jennifer Harris called, ?America Needs a New Economic Philosophy. Foreign Policy Experts Can Help.?
Sullivan?s speech began with the assertion that because many of the economic policies of the past were not serving most Americans or our interests, that ?this moment demands that we forge a new consensus??something he described as ?a modern
environment to trusted technology and good governance, that deploys capital to deliver on public goods like climate and health.?He enumerated its goals to be a strategy that ?invests in the sources of our own economic and technological strength, that promotes diversified and resilient global supply chains, that sets high standards for everything from labor and the
action and trade liberalization as an end in itself.? Going further, he argued that a core mistake of these recent past policies was that they were based on the deeply flawed idea ?that markets always allocate capitalSullivan?s speech went on to explain that from the outset, Biden and his team saw the country as facing ?four fundamental challenges.? These included the hollowing out of the U.S. industrial base.
Here he took a clear shot at Reaganomics when he noted that ?the vision of public investment that energized the American project? had faded,? giving way to ?a set of ideas that championed tax-cutting and deregulation, privatization over public
order would be more peaceful and cooperative? and that ?it didn?t turn out that way.? Here, he cites China as exhibit A.and efficiently.? Recent experience with markets shifting much of our critical productive capacity, jobs, and many supply chains overseas?made clear during the COVID-19 pandemic?illustrated this.
A second challenge he cited was ?adapting to a new environment defined by geopolitical and security competition.? Here, his point was that (in the past) economic integration was hoped to ?make nations more responsible and open and that the global
Reaganomics (and the Reaganomics-lite embraced by recent Democratic administrations), such as ?trickle-down economic policies?policies like regressive tax cuts, deep cuts to public investment, unchecked corporate concentration andThe climate crisis was the third of the four challenges and, critically, at the core of the core of Biden?s ideas, I believe, was ?inequality and its damage to democracy.? Again, in this instance, he specifically cites the core elements of
competitors have such an approach. Specifically, he cited the focus the administration has had on revitalizing our semi-conductor and clean-energy production sectors. The second component of the strategy he identified is ?workingactive measures to undermine? unions.
Sullivan?s speech then went on to describe Biden?s ?foreign policy for the middle class.? He identified a key element as recognizing that we need a national industrial strategy to compete and protect ourselves in a world in which all of our
an obligation to step in and take steps to ensure that critical social goods are advanced.with our partners to ensure they are building capacity, resilience and inclusiveness too.? Here, as evidence of progress he cited the close coordination between the administration and our closest allies on these issues.
But of course, that is just the point. Biden, Sullivan, Yellen, and their team have finally acknowledged that growth for its own sake?or good performance by markets?are not the only metrics we should have as we make economic policy decisions.
Markets don?t have consciences, neither do they take into consideration the security interests of nations. Companies are by law required to place their bottom line interests ahead of the interests of the rest of society. Therefore, government has
and address the damage done by the policies of the past.Finally, after many decades of deferring to the financial and corporate interests who also happen to be big political donors, a president and his team have come along to say, ?enough.? It is time to make economic decisions that serve all the people
Word salad.OF COURSE
When gas prices go down and food prices go down I will
believe that shit.OF COURSE!
On Thursday, May 25, 2023 at 2:14:11PM UTC-4, Skeeter wrote:
In article <26e64b87-0ad6-414f...@googlegroups.com>,
davidbr...@gmail.com says...
On Thursday, May 25, 2023 at 2:05:12 PM UTC-4, Skeeter wrote:
In article <56171717-3bfb-412b...@googlegroups.com>, davidbr...@gmail.com says...
Two years into his presidency, Joe Biden has revolutionized America?s economic policy?both home and abroad.
in more areas than any of his predecessors since Franklin Roosevelt.David Rothkopf
Published May. 03, 2023 4:11AM ET
https://www.thedailybeast.com/how-bidenomics-has-finally-defeated-reaganomics
he last thing many of us expected when Joe Biden became president was that he would be a revolutionary. But just over two years into Biden?s presidency, there is no doubt that he has done more to dramatically transform U.S. policy and thinking
policy, he executed the pivot away from a Middle East and terrorism focus to a long-term commitment to placing the Indo-Pacific region and our rivalry with China atop our list of priorities.America had failed to adequately invest in its infrastructure for over six decades when Biden made it a priority once again. Biden?s prioritized investment in combating climate change to a degree that no past administration ever did. On foreign
the impetus toward isolation and inaction internationally of the presidencies that immediately preceded his.Remarkably, he did this while simultaneously handling the threats associated with Europe?s largest land war since World War II and reinvigorating America?s most important alliance, NATO, in a way few thought possible just years ago. He stopped
its core. He is the one who at last put an end to the ?Washington consensus? that has served the rich worldwide and left the poor to struggle with too little support. He, at last, ended the slavish deference of WashingtonWhat is more, none of the transformations cited above are actually the biggest the Biden administration has overseen.
From day one, Biden has profoundly transformed U.S. economic policy?and related social and international policies. Biden is the man who finally slew Reaganomics and the huckster?s brew of ?trickle-down? and ?the markets know best? policies at
sought fairness in our tax codes and their enforcement, approaches that strengthened the U.S. from within in an effort to better compete and succeed internationally.neoliberals to Wall Street, and the consequent grotesque growth in inequality and injustice it has fueled.
Importantly, Biden not just talked the talk of the revolutionary, he has walked the walk. He has systematically taken steps to prioritize economic approaches that benefited America?s middle class and those who were left behind, approaches that
policy choices that made headlines?like his decision to place the concerns of the people working in the real economy ahead of the preferences of Wall Street in his American Rescue Plan, his initiative to invest in ourSome of the steps he has taken were major but received too little attention, such as the effort (led by Treasury Secretary Janet Yellen) to create a minimum tax to be paid by corporations worldwide. Some of the bold changes were revealed in
only okay to discuss such ideas, but that he would go further and implement them?because they would help create jobs and because they would strengthen U.S. national security.infrastructure
in the Bipartisan Infrastructure Bill, and his steps to invest in our green economy and combat rising costs for average Americans in the Inflation Reduction Act.
When I was a senior economic official in the Clinton administration, had I mentioned ?industrial policy? in a meeting I would have immediately been shown the door. But Biden, through the CHIPS and Science Act illustrated that it was now not
economic speech ever given by a U.S. national security adviser. But then again, it was clear even before he arrived in office that Sullivan would become the most economically savvy and active national security adviser inLast week, in Washington, National Security Adviser Jake Sullivan delivered a speech at the Brookings Institution that helped tie together many of the core principles underlying Biden?s views and actions. It was certainly the most significant
on the fact that foreign policy and economic policy were more deeply intertwined than often acknowledged (by foreign policy experts who were less economically astute) as in an article he wrote for Foreign Policy in 2020history. Work he had been actively involved in, like the Carnegie Endowment?s initiative on Making U.S. Foreign Policy Work Better for the Middle Class was quickly seen to translate into action. Sullivan also wrote on related subjects, including
industrial and innovation strategy.?Jennifer Harris called, ?America Needs a New Economic Philosophy. Foreign Policy Experts Can Help.?
Sullivan?s speech began with the assertion that because many of the economic policies of the past were not serving most Americans or our interests, that ?this moment demands that we forge a new consensus??something he described as ?a modern
environment to trusted technology and good governance, that deploys capital to deliver on public goods like climate and health.?He enumerated its goals to be a strategy that ?invests in the sources of our own economic and technological strength, that promotes diversified and resilient global supply chains, that sets high standards for everything from labor and the
action and trade liberalization as an end in itself.? Going further, he argued that a core mistake of these recent past policies was that they were based on the deeply flawed idea ?that markets always allocate capitalSullivan?s speech went on to explain that from the outset, Biden and his team saw the country as facing ?four fundamental challenges.? These included the hollowing out of the U.S. industrial base.
Here he took a clear shot at Reaganomics when he noted that ?the vision of public investment that energized the American project? had faded,? giving way to ?a set of ideas that championed tax-cutting and deregulation, privatization over public
global order would be more peaceful and cooperative? and that ?it didn?t turn out that way.? Here, he cites China as exhibit A.productively
and efficiently.? Recent experience with markets shifting much of our critical productive capacity, jobs, and many supply chains overseas?made clear during the COVID-19 pandemic?illustrated this.
A second challenge he cited was ?adapting to a new environment defined by geopolitical and security competition.? Here, his point was that (in the past) economic integration was hoped to ?make nations more responsible and open and that the
Reaganomics (and the Reaganomics-lite embraced by recent Democratic administrations), such as ?trickle-down economic policies?policies like regressive tax cuts, deep cuts to public investment, unchecked corporate concentrationThe climate crisis was the third of the four challenges and, critically, at the core of the core of Biden?s ideas, I believe, was ?inequality and its damage to democracy.? Again, in this instance, he specifically cites the core elements of
competitors have such an approach. Specifically, he cited the focus the administration has had on revitalizing our semi-conductor and clean-energy production sectors. The second component of the strategy he identified is ?active measures to undermine? unions.
Sullivan?s speech then went on to describe Biden?s ?foreign policy for the middle class.? He identified a key element as recognizing that we need a national industrial strategy to compete and protect ourselves in a world in which all of our
has an obligation to step in and take steps to ensure that critical social goods are advanced.with our partners to ensure they are building capacity, resilience and inclusiveness too.? Here, as evidence of progress he cited the close coordination between the administration and our closest allies on these issues.
But of course, that is just the point. Biden, Sullivan, Yellen, and their team have finally acknowledged that growth for its own sake?or good performance by markets?are not the only metrics we should have as we make economic policy decisions.
Markets don?t have consciences, neither do they take into consideration the security interests of nations. Companies are by law required to place their bottom line interests ahead of the interests of the rest of society. Therefore, government
people and address the damage done by the policies of the past.Finally, after many decades of deferring to the financial and corporate interests who also happen to be big political donors, a president and his team have come along to say, ?enough.? It is time to make economic decisions that serve all the
See? You can't even defend your copy/paste crap that you didn't evenWord salad.OF COURSE
When gas prices go down and food prices go down I will
believe that shit.OF COURSE!
read.
OF COURSE!
So you resort you your lame ass responses. In seconds no less.
OF COURRRRRRRRRRRRRRSE
In article <26e64b87-0ad6-414f...@googlegroups.com>,
davidbr...@gmail.com says...
On Thursday, May 25, 2023 at 2:05:12 PM UTC-4, Skeeter wrote:
In article <56171717-3bfb-412b...@googlegroups.com>, davidbr...@gmail.com says...
Two years into his presidency, Joe Biden has revolutionized America?s economic policy?both home and abroad.
more areas than any of his predecessors since Franklin Roosevelt.David Rothkopf
Published May. 03, 2023 4:11AM ET
https://www.thedailybeast.com/how-bidenomics-has-finally-defeated-reaganomics
he last thing many of us expected when Joe Biden became president was that he would be a revolutionary. But just over two years into Biden?s presidency, there is no doubt that he has done more to dramatically transform U.S. policy and thinking in
policy, he executed the pivot away from a Middle East and terrorism focus to a long-term commitment to placing the Indo-Pacific region and our rivalry with China atop our list of priorities.America had failed to adequately invest in its infrastructure for over six decades when Biden made it a priority once again. Biden?s prioritized investment in combating climate change to a degree that no past administration ever did. On foreign
the impetus toward isolation and inaction internationally of the presidencies that immediately preceded his.Remarkably, he did this while simultaneously handling the threats associated with Europe?s largest land war since World War II and reinvigorating America?s most important alliance, NATO, in a way few thought possible just years ago. He stopped
core. He is the one who at last put an end to the ?Washington consensus? that has served the rich worldwide and left the poor to struggle with too little support. He, at last, ended the slavish deference of WashingtonWhat is more, none of the transformations cited above are actually the biggest the Biden administration has overseen.
From day one, Biden has profoundly transformed U.S. economic policy?and related social and international policies. Biden is the man who finally slew Reaganomics and the huckster?s brew of ?trickle-down? and ?the markets know best? policies at its
sought fairness in our tax codes and their enforcement, approaches that strengthened the U.S. from within in an effort to better compete and succeed internationally.neoliberals to Wall Street, and the consequent grotesque growth in inequality and injustice it has fueled.
Importantly, Biden not just talked the talk of the revolutionary, he has walked the walk. He has systematically taken steps to prioritize economic approaches that benefited America?s middle class and those who were left behind, approaches that
policy choices that made headlines?like his decision to place the concerns of the people working in the real economy ahead of the preferences of Wall Street in his American Rescue Plan, his initiative to invest in ourSome of the steps he has taken were major but received too little attention, such as the effort (led by Treasury Secretary Janet Yellen) to create a minimum tax to be paid by corporations worldwide. Some of the bold changes were revealed in
infrastructureokay to discuss such ideas, but that he would go further and implement them?because they would help create jobs and because they would strengthen U.S. national security.
in the Bipartisan Infrastructure Bill, and his steps to invest in our green economy and combat rising costs for average Americans in the Inflation Reduction Act.
When I was a senior economic official in the Clinton administration, had I mentioned ?industrial policy? in a meeting I would have immediately been shown the door. But Biden, through the CHIPS and Science Act illustrated that it was now not only
economic speech ever given by a U.S. national security adviser. But then again, it was clear even before he arrived in office that Sullivan would become the most economically savvy and active national security adviser in U.S.Last week, in Washington, National Security Adviser Jake Sullivan delivered a speech at the Brookings Institution that helped tie together many of the core principles underlying Biden?s views and actions. It was certainly the most significant
the fact that foreign policy and economic policy were more deeply intertwined than often acknowledged (by foreign policy experts who were less economically astute) as in an article he wrote for Foreign Policy in 2020 withhistory. Work he had been actively involved in, like the Carnegie Endowment?s initiative on Making U.S. Foreign Policy Work Better for the Middle Class was quickly seen to translate into action. Sullivan also wrote on related subjects, including on
industrial and innovation strategy.?Jennifer Harris called, ?America Needs a New Economic Philosophy. Foreign Policy Experts Can Help.?
Sullivan?s speech began with the assertion that because many of the economic policies of the past were not serving most Americans or our interests, that ?this moment demands that we forge a new consensus??something he described as ?a modern
environment to trusted technology and good governance, that deploys capital to deliver on public goods like climate and health.?He enumerated its goals to be a strategy that ?invests in the sources of our own economic and technological strength, that promotes diversified and resilient global supply chains, that sets high standards for everything from labor and the
action and trade liberalization as an end in itself.? Going further, he argued that a core mistake of these recent past policies was that they were based on the deeply flawed idea ?that markets always allocate capitalSullivan?s speech went on to explain that from the outset, Biden and his team saw the country as facing ?four fundamental challenges.? These included the hollowing out of the U.S. industrial base.
Here he took a clear shot at Reaganomics when he noted that ?the vision of public investment that energized the American project? had faded,? giving way to ?a set of ideas that championed tax-cutting and deregulation, privatization over public
productivelyorder would be more peaceful and cooperative? and that ?it didn?t turn out that way.? Here, he cites China as exhibit A.
and efficiently.? Recent experience with markets shifting much of our critical productive capacity, jobs, and many supply chains overseas?made clear during the COVID-19 pandemic?illustrated this.
A second challenge he cited was ?adapting to a new environment defined by geopolitical and security competition.? Here, his point was that (in the past) economic integration was hoped to ?make nations more responsible and open and that the global
Reaganomics (and the Reaganomics-lite embraced by recent Democratic administrations), such as ?trickle-down economic policies?policies like regressive tax cuts, deep cuts to public investment, unchecked corporate concentration andThe climate crisis was the third of the four challenges and, critically, at the core of the core of Biden?s ideas, I believe, was ?inequality and its damage to democracy.? Again, in this instance, he specifically cites the core elements of
competitors have such an approach. Specifically, he cited the focus the administration has had on revitalizing our semi-conductor and clean-energy production sectors. The second component of the strategy he identified is ?workingactive measures to undermine? unions.
Sullivan?s speech then went on to describe Biden?s ?foreign policy for the middle class.? He identified a key element as recognizing that we need a national industrial strategy to compete and protect ourselves in a world in which all of our
an obligation to step in and take steps to ensure that critical social goods are advanced.with our partners to ensure they are building capacity, resilience and inclusiveness too.? Here, as evidence of progress he cited the close coordination between the administration and our closest allies on these issues.
But of course, that is just the point. Biden, Sullivan, Yellen, and their team have finally acknowledged that growth for its own sake?or good performance by markets?are not the only metrics we should have as we make economic policy decisions.
Markets don?t have consciences, neither do they take into consideration the security interests of nations. Companies are by law required to place their bottom line interests ahead of the interests of the rest of society. Therefore, government has
people and address the damage done by the policies of the past.Finally, after many decades of deferring to the financial and corporate interests who also happen to be big political donors, a president and his team have come along to say, ?enough.? It is time to make economic decisions that serve all the
See? You can't even defend your copy/paste crap that you didn't evenWord salad.OF COURSE
When gas prices go down and food prices go down I will
believe that shit.OF COURSE!
read.
Two years into his presidency, Joe Biden has revolutionized America’s economic policy—both home and abroad.
David Rothkopfmore areas than any of his predecessors since Franklin Roosevelt.
Published May. 03, 2023 4:11AM ET
https://www.thedailybeast.com/how-bidenomics-has-finally-defeated-reaganomics
he last thing many of us expected when Joe Biden became president was that he would be a revolutionary. But just over two years into Biden’s presidency, there is no doubt that he has done more to dramatically transform U.S. policy and thinking in
On Thursday, May 25, 2023 at 1:48:13 PM UTC-4, Ja-Son-Wan-Kenobi Has the High Ground wrote:
Two years into his presidency, Joe Biden has revolutionized America’s economic policy—both home and abroad.
more areas than any of his predecessors since Franklin Roosevelt.David Rothkopf
Published May. 03, 2023 4:11AM ET
https://www.thedailybeast.com/how-bidenomics-has-finally-defeated-reaganomics
he last thing many of us expected when Joe Biden became president was that he would be a revolutionary. But just over two years into Biden’s presidency, there is no doubt that he has done more to dramatically transform U.S. policy and thinking in
BWAHAHAHAHAHA! Spin doctors at work.of this stupidest policy of all time.
Biden is the worst president in the history of the country. It's not even close.
His moronic energy policies have destroyed industries, and left our country more vulnerable then we've been in decades. We are now highly dependent on importing oil from OPEC, and we are guaranteed to be so indefinitely. Endless inflation is a result
The green new deal is 100% fraud, built on mountains of lies about 'climate justice', 'global warming' and 'impending doom'. Democrat science is not actual science. It's TOTAL bullshit. Manufacturing millions more batteries is far worse for theenvironment than any fossil fuel.
The border is a fucking disaster that even demofraud assholes can see now. Anybody can come in. National security? Biden doesn't actually care about that. He wants more illegals to vote for democrat shitheads. Bring em in.
'Racial Equity' is all we hear about. These are code words for 'We hate white straight people'. Equality is now a bad word under Bidenism.
Our former allies have been thrown under the bus, and we have supported enemies under Biden's excuse for foreign policy. The US is a bad joke. WWIII can start any day as a direct result of that fucking shithead Biden and his 'administration'.
Our military is fucked up - as battle readiness is no longer as important as 'racial justice' and 'transgender inclusion'.
Biden is a fucking piece of shit. Anyone who supports him stinks like shit.
Have a nice day. Fucking moron.
On Thursday, May 25, 2023 at 1:48:13PM UTC-4, Ja-Son-Wan-Kenobi Has the High Ground wrote:
Two years into his presidency, Joe Biden has revolutionized America?s economic policy?both home and abroad.
more areas than any of his predecessors since Franklin Roosevelt.David Rothkopf
Published May. 03, 2023 4:11AM ET
https://www.thedailybeast.com/how-bidenomics-has-finally-defeated-reaganomics
he last thing many of us expected when Joe Biden became president was that he would be a revolutionary. But just over two years into Biden?s presidency, there is no doubt that he has done more to dramatically transform U.S. policy and thinking in
BWAHAHAHAHAHA! Spin doctors at work.
Biden is the worst president in the history of the country. It's not even close.of this stupidest policy of all time.
His moronic energy policies have destroyed industries, and left our country more vulnerable then we've been in decades. We are now highly dependent on importing oil from OPEC, and we are guaranteed to be so indefinitely. Endless inflation is a result
The green new deal is 100% fraud, built on mountains of lies about 'climate justice', 'global warming' and 'impending doom'. Democrat science is not actual science. It's TOTAL bullshit. Manufacturing millions more batteries is far worse for theenvironment than any fossil fuel.
The border is a fucking disaster that even demofraud assholes can see now. Anybody can come in. National security? Biden doesn't actually care about that. He wants more illegals to vote for democrat shitheads. Bring em in.
'Racial Equity' is all we hear about. These are code words for 'We hate white straight people'. Equality is now a bad word under Bidenism.
Our former allies have been thrown under the bus, and we have supported enemies under Biden's excuse for foreign policy. The US is a bad joke. WWIII can start any day as a direct result of that fucking shithead Biden and his 'administration'.
Our military is fucked up - as battle readiness is no longer as important as 'racial justice' and 'transgender inclusion'.
Biden is a fucking piece of shit. Anyone who supports him stinks like shit.
Have a nice day. Fucking moron.
On Friday, May 26, 2023 at 8:37:47AM UTC-4, P-Dub wrote:
On Thursday, May 25, 2023 at 1:48:13PM UTC-4, Ja-Son-Wan-Kenobi Has the High Ground wrote:
Two years into his presidency, Joe Biden has revolutionized America?s economic policy?both home and abroad.
more areas than any of his predecessors since Franklin Roosevelt.David Rothkopf
Published May. 03, 2023 4:11AM ET
https://www.thedailybeast.com/how-bidenomics-has-finally-defeated-reaganomics
he last thing many of us expected when Joe Biden became president was that he would be a revolutionary. But just over two years into Biden?s presidency, there is no doubt that he has done more to dramatically transform U.S. policy and thinking in
of this stupidest policy of all time.BWAHAHAHAHAHA! Spin doctors at work.
Biden is the worst president in the history of the country. It's not even close.
His moronic energy policies have destroyed industries, and left our country more vulnerable then we've been in decades. We are now highly dependent on importing oil from OPEC, and we are guaranteed to be so indefinitely. Endless inflation is a result
environment than any fossil fuel.The green new deal is 100% fraud, built on mountains of lies about 'climate justice', 'global warming' and 'impending doom'. Democrat science is not actual science. It's TOTAL bullshit. Manufacturing millions more batteries is far worse for the
The border is a fucking disaster that even demofraud assholes can see now. Anybody can come in. National security? Biden doesn't actually care about that. He wants more illegals to vote for democrat shitheads. Bring em in.
'Racial Equity' is all we hear about. These are code words for 'We hate white straight people'. Equality is now a bad word under Bidenism.
Our former allies have been thrown under the bus, and we have supported enemies under Biden's excuse for foreign policy. The US is a bad joke. WWIII can start any day as a direct result of that fucking shithead Biden and his 'administration'.
Our military is fucked up - as battle readiness is no longer as important as 'racial justice' and 'transgender inclusion'.
Biden is a fucking piece of shit. Anyone who supports him stinks like shit.
Have a nice day. Fucking moron.
Happy Memorial Day to you too!
Sysop: | Keyop |
---|---|
Location: | Huddersfield, West Yorkshire, UK |
Users: | 297 |
Nodes: | 16 (2 / 14) |
Uptime: | 114:48:31 |
Calls: | 6,662 |
Files: | 12,209 |
Messages: | 5,336,169 |