That is quite the praise coming from a group of hardcore republicans. The is a clear message “Biden brings stability and financial markets like stability”
Also absolutely massive subsidies are flowing out of the IRA into a lot of diverse economic sectors for the purpose of fighting climate change. Estimated $1.3 trillion since it is uncapped and built largely around unit subsidies.
That is a lot of money flowing to a lot of firms. Republicans like money going to businesses.
If that number is from the CBO it’s a 10 year estimate, not as big as it sounds.
And I don’t think you have to decide Morgan Stanley is Republicans and Republicans like money going to businesses…Republicans voted against the IRA so that’s probably incorrect. Morgan Stanley is a business and their customers are other businesses, that’s one explanation.
Or, the people working at Morgan Stanley are economists and the plan makes sense to economists so they praise it, that is another explanation.
To be expected, the GOP has gone all in on evangelism, election denial, and have shown willingness to throw their traditional business values under the bus for the sake of their lead issues. The “boring democrat” tends to business better than radicalized GQP. Notably, playing chicken with the national debt was a big no-no for business minded folks.
There may be a time when they will go back to the republican party hard, but will be waiting for the Trump/Greene/Boebert/Gaetz crazy to slip into not being influential.
Ironically, if the GOP had a wider victory in the house, I wouldn’t have been surprised to see the GOP marginalize the most obviously crazy and win favor among the business community again. As it stands they are having to let the craziest faction call the shots.
The Dems sliding to the right for 30 years has finally pushed the Republican Party halfway beyond the border of crazy town. The question is, after the Dems alone are the party of business, will they slide back to the left or stay conservative? And what would that look like?
"Morgan Stanley is crediting President Biden’s economic policies with driving an unexpected surge in the U.S. economy that is so significant that the bank was forced to make a “sizable upward revision” to its estimates for U.S. gross domestic product, CNBC reports.
As a result of these unexpected swells, Morgan Stanley now projects 1.9% GDP growth for the first half of this year. That’s nearly four times higher than the bank’s previous forecast of 0.5%."
This is the whole article for anyone to lazy to click the link.
The average annual GDP growth is typically 2-3%. '21 was -2.77% & '22 was +5.95%. IMO the impact of COVID’s coming and going probably has had more economic impact than any presidential action did. I don’t see how we can fairly attribute or blame Biden for the economy in light of that.
I gotta disagree with you a bit here, and I’m gonna add some context as the article is garbage (probably intentionally given WSJ’s known politics).
Biden kept the economic impact of student loans from hitting us during the COVID recovery period. He also advanced the Infrastructure Bill in 2021, which is a huge investment in both jobs and local construction efforts, and which we’re now beginning to see the impact of.
Here in California, Jerry Brown championed a similar infrastructure effort in California, and it paid off tremendously for us - $6.5 billion budget surplus by the end of his 2nd term.
Secondly, another piece of landmark Biden legislation, the Inflation Act, passed last August, is beginning to have an impact - we’ve watched month to month inflation crater in the last few months from the highs of near 7-8% we had during the winter.
In summation, in my view Biden reversed and corrected the path laid out under Trump’s GOP, including averting a trade war with China in the middle of a pandemic. He also managed to completely destabilize a major geopolitical threat (Russia) with minimal impact to our economy despite their control (or threatened control of) of a significant portion of the world’s oil and grain supply.
Getting up to 4x the expected GDP at 2.9% is a triumph given the last couple of years. This is what a recovery looks like. If you’re gonna blame Biden for the economy, you gotta give him credit too.
I think you misunderstood my point, I wasn’t say Biden has done good or bad. I’m unsure of where you got the idea that I was blaming Biden for the economy in my previous comment. My point was that we would expect to see a positive impact to the economy with COVID waning and because we can’t see into the alternative reality where he did nothing we can’t be sure that it was his actions that resulted in the outcome we see.
Not the commenter you’re replying to, but I think they were addressing “…fairly attribute or blame Biden for the economy” with the added context to assert that it is possible to fairly attribute the economy to the administration’s policy.
Or, and hear me out, I am misunderstanding what they said, and they also misinterpreted what you said, since that last sentence seems like they didn’t see the “fairly attribute” part and just addressed the “blame” part of your response
Those inflation numbers have been insane. I honestly did not believe the could gracefully recover. I am still shocked by this. I also think we can absolutely attribute measure taken by this administration to have directly had impact on the success of the economy today. Even if those step are not just “don’t be utterly incompetent” they have had an undeniably positive impact.
Someone wants a bailout
I don’t want to hear shit about biden until he actually sides with striking workers, or actually cancels student debt, or federally legalizes weed, or does literally anything i voted for him for.
“Best I can do is persecute asylum seekers.”
You’ll continue to be sad until you learn how the US government works, and that a President is not a king.
But it should cheer you up that Biden pushed to the limits of executive authority on all of those things.
You don’t need to be a king to do any of the stuff I mentioned.
Nice to see a reasonable person leading the US.
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Please, sane rando on the internet, pray tell, what more intelligent things would you like to share without any context or citations of source?
The person your responding to is absolutely correct. For the majority of Biden’s career he was pretty despicable politician. He was one of the angry men yelling at the Anita Hill hearings. He famously lied about his credentials early on. For most of his career he has been owned by wall street. in the 70’s, 80’s and 90’s he publicly had pretty hardcore racist and homophobic views. The Biden you see today is not the Biden most of America knows. He has never been a progressive ally.
He _is_the progressive ally that we need now.
It’s unfortunate he was not perfect in the past, but he’s changed and making amends. Why do Republicans have an issue with that?
Progressive ally? Biden was literally the candidate that the establishment put their full force behind (including having Obama make calls to have other candidates drop to back him) in order to defeat Bernie in 2020. Biden himself said “nothing would fundamentally change”. A couple bones thrown here or there doesn’t change that. I don’t know if democrats are astroturfing here of all places or people are just deluding themselves into thinking he’s doing more than he actually is, but he’s really not.
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They’re not correct at all lol
Biden has never been a racist. People try to call him racist over a crime bill half-written by black congressional leaders and loudly asked for by the black community.
Biden has literally always been a stand up guy
Calling out his busing stance as wrong when it was prescient and he was 100% correct about a generation of black educators losing their jobs is… An interesting take, to say the least.
Maybe don’t get your news from rags
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Lol this is awesome because your very first example is not only false, it was considered a minor scandal at the time: https://www.reuters.com/article/us-usa-biden-gaymarriage/biden-apologizes-to-obama-for-same-sex-marriage-remark-idUSBRE8491NH20120510
Then he, you know, signed gay marriage into federal law.
Kinda stopped reading there but I’m assuming you said similarly wrong things.
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And yet somehow he was the still the best available option.
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Unfortunately I’m old. Can you please help me out by linking articles that support your statements, so I can read them and help you change my mind about him? Thank you.
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Hell yes, thank you. I’ll edit my comment if I read anything notable that I would like to ask you.
Edit #1:
when DOMA came up for a vote in the U.S. Senate on Sept. 10, 1996, Biden in his capacity representing Delaware in the U.S. Senate bowed to public sentiment at the time, voting in favor of the anti-gay law.
Is the article implying that Biden is only voting in favor to ban gay marriage because he is succumbing to peer pressure?
Edit# 2: damn it dude, this article makes me sad that Bernie got shafted. Thanks.
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But the truth matters. Biden’s views on same-sex marriage have never been cutting-edge. When majorities opposed it, so did he. Once support for same-sex marriage became the mainstream Democratic position, Biden adopted it.
Okay I see, so he’s a two-faced politician who doesn’t understand the full picture. It’s all coming together now why certain groups within the Left don’t like him.
So you have me on your side now. What options do we have in the next election cycle?
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This one won’t load for me because I have my firewall block the entire Facebook domain. Can you provide a summary?
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People change over time. Are all of your viewpoints the exact same as when you first paid attention to politics?
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What exactly is “Bidenomics”? What are the policies he has implemented? Non American here.
So what is Bidenomics? I guess you could say it’s ‘doing fuck all’ which the free market prefers anyways. Sure better than trying to impose a lot of socialist policies and tax hikes. I fail to see why the left would be pleased with this.
“Socialist”, right.
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alphabet-people
Nice dog whistle you got there.
I think I made myself quite plain.
Oh you did for sure. That you have no idea what you are talking about and hate what you don’t understand, which I’m sure is a lot.
Better you people waste your lives being edgy on niche social media platforms to get reactions out of strangers, than actually going out in the real world and making things worse there.
can you name a single Biden tax hike to date
The alternative minimum tax for corporations, where the absurdly rich companies have to pay at least 15% or something, even if they claim $0 tax burden?
I am curious are you or your parent religious? Did you attend church as a child? This is not a slight or some sort of insult I am simply curious.
If you were just going to rant about things you don’t understand you would have been better off staying silent and not having people see how little you understand.
