Wednesday, November 10, 2021

Biden has won big on infrastructure; now he needs to sell it

Biden has won big on infrastructure; now he needs to sell it 

It takes years to get roads designed and built and in the intervening period, members of Congress, including Republicans, will work with state and federal governments to get projects done. Each member has a staff member whose main job is to help the government spend money so that he or she can claim credit.

Biden's numbers are taking because of hyperstagflation - meaning that the economy has been deliberately idled because of the pandemic and the Great Resignation while prices are going through the roof. In time, it will run its course. Short of deploying the military to move goods to market, there is nothing that can be done. Jimmy Carter tried to fight inflation with monetary policy and cutting spending. It did not work well for him.

What will work in 2022 for the Democrats is for them to run against anyone involved in planning the Insurrection or voting in sympathy with its aims. They should start now. Biden should not meddle in the Justice Department's work, however. That would also look bad. 

The sad fact of the matter is that the things that impact the success of most presidencies have nothing to do with the cards they deal. It is the cards that are dealt to them - and sometimes they get really bad hands.

There is one thing Biden can do to shake things up. Fight to increase the child tax credit, calling it a pro-life measure. He can't do that now, however, because it would make the economy worse at this particular moment. He should talk about it anyway. Raising the minimum wage too.

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