US Foreign policy is a mess but presidential elections depend on the economy. Trump was disliked but without Covid disruption, he would have won in 2020. Biden is unpopular now, it was worse when gas cost $5 per gallon in summer 2022. If the economy tanks and inflation keeps rising, Biden will lose. So won't he pull out all the stops to juice the economy further, like so many Presidents do in Year 3? Can he do that, given the $2 trillion debt? Or is the argument that the Dems will rally the media against China and Russia, and that distracts from domestic issues.
I know that David thinks the job market is strong, but increases in food prices and…
Biden would love to inject more fiscal stimulus into the economy before the election but the debt ceiling makes that a total impossibility. The only question now is how much fiscal policy will tighten next year. The only thing Biden can unite the two parties with is the hate for Russia and China. But for that Ukraine has to be successful in the battlefield. This is why there is stuff going on behind the door that has yet to come out. Biden will take more risk in the ukraine war than it is assumed right now I will bet
US Foreign policy is a mess but presidential elections depend on the economy. Trump was disliked but without Covid disruption, he would have won in 2020. Biden is unpopular now, it was worse when gas cost $5 per gallon in summer 2022. If the economy tanks and inflation keeps rising, Biden will lose. So won't he pull out all the stops to juice the economy further, like so many Presidents do in Year 3? Can he do that, given the $2 trillion debt? Or is the argument that the Dems will rally the media against China and Russia, and that distracts from domestic issues.
I know that David thinks the job market is strong, but increases in food prices and…