Biden-Harris in office: the first four months

Sleepy Joe Biden, the man who the lickspittle media claim is the fairly elected President of the US of A, has been in office for four months. "In office" doesn't necessarily mean "in charge". Whoever's pulling Mr Biteme's strings has done a lot to "reset" America. If you're a Democrat, socialist or anywhere on the left end of the spectrum, you would say things are going well. We on the other side of the aisle beg to differ. Herewith a quick look at the Biden-Harris record, so far. 

Unnecessary stimulus The Democrats pushed through legislation for a relief package of close to $2,000,000,000,000 ($2 trillion). That newly minted money stimulated the economy, provided additional aid to the millions of unemployed workers and bailed out some cities and states that were damaged financially by Covid, and the damage done by the Antifa/BLM rioters and looters.

Was that stimulus needed? When President Trump was forced out of office, the American economy was in the middle of a V-shaped recovery from the deep but short-lived recession of the spring of 2020. In Q3 of 2020, GDP grew at an annualized rate of 33%. The growth rate was 4% in Q4, and 6.4% in the Q1 of 2021, when Mr Biteme assumed office.

The relief package will prove to be inflationary. The deficit for fiscal 2021 is projected to rise to at least $3.5 trillion, increasing the public debt (meaning money that you, your children, grandchildren, greatgrandchildren etc will have to reply) to more than $30 trillion. When the feds remove that much capital from the market, there will eventually be a capital shortage, i.e. not be enough capital available to business for expansion. That will lead to more inflation.

Since January, the rate of inflation has risen to 6%. You may have noticed that last time you gassed up. Another consequence will be "stagflation" -- the slowing or stopping of growth -- which the US of A has not experienced in four decades!

The Biden-Harris tax plan will only make things worse. Democrats always want to "tax the rich", which to them means not the elites who can employ elaborate tax avoidance schemes, but folks like you and me who work hard and hope there will be a few pennies left after Uncle Sam takes his increasingly large cut. The Democrats want to raise the corporate tax rate from 21% to 28%, which will cause savvy businesses to move to more friendly jurisdictions, including Canada.

They also want to raise the capital gains tax rate from 23.8% to more than 40%. But wait (as Vince Offer used to say), there's more. They propose to raise the top tax bracket from 37% to 39.6%. All of these Robin-Hoodian tax grabs will reduce capital formation making the capital shortage worse.

Vaccination

When he was sworn in, Sleepy Joe promised to get the anti-Covid vaccines approved during the Trump administration into the arms of at least 100 million Americans within his first 100 days. Thanks to the success of Operation Warp Speed, initiated by President Trump and spear-headed by Vice-President Pence, that goal was met and exceeded.

On the other hand [in the other arm? Ed.], thanks to the flip-flop messaging of Dr Fauci and the administration, antivax resistance has increased to the point where slowpoke [geddit? Ed.] Canada has more people per 1000 who have received at least one dose of vaccine. That's why the World's Longest Undefended Border (TM) remains closed in spite of pressure by Sen. Chuckie "Cheese" Schumer and others to let Americans resume shopping in Canada again.

Illegal immigration

At the instigation of the SJWs who control him, Mr Biteme reversed President Trump's immigration policies, allowing hundreds of thousands of immigrants to escape alleged persecution in their home countries. He professes his belief that America is a country founded on and still rife with "systemic racism". How admitting hordes of aliens who don't speak English and don't share the majority culture will help this is a question for which Sleepy Joe has no answer.

The Trump administration built (or at least started) a wall along America's southern border, and instituted policies to reduce the flow of illegal immigrants from south of the border and the shithole countries of Africa and the Middle East. The Biden administration stopped building the wall (in spite of court orders to finish the job) and reversed the President Trump's policies. The result is a massive illegal immigration problem, which Vice-President Harris refuses to acknowledge or even investigate by, say, visiting the infested counties along the southern border.

Climate change and the environment

Mr Biden makes the requisite obeisance to the importance of reversing climate change [like King Canute? Ed.] and protecting the environment. That's why he stopped any drilling for fossil fuels on publicly owned land, and, as one of his first acts, cancelled the Keystone pipeline expansion approved by President Trump. Then, all of a sudden, there's no gas, or limited quantities of expensive gas, in large areas of the southeastern states.

They say (of course) that's all the fault of foreign hackers who caused the shutdown of the Colonial Pipeline, which has now been fixed. But that incident underscores America's need for energy security, which is not going to come from wind/solar power. The US need to maintain good relations with a friendly source or petroleum products like, say, Canada.

That brings us back to the Keystone pipeline, and another pipeline -- Enbridge Line 5 -- which runs from western Canada through upper Michigan into eastern Canada. Michigan governor Gretchen Whitmer (Democrat) has ordered Line 5 closed down because, after nearly 70 years in operation, it might suddenly spring a leak into the Straits of Mackinac. Canada has asked President Biteme to intervene with a bit of common sense. Sleepy Joe's response? "Justin Trudeau? Who's that?"

Foreign policy

President Trump's foreign policy was "peace through strength". President Biteme thinks he knows better. He prefers the "turn the other cheek" policies of the Prez. It was President Trump's sanctions which crippled Iran, leaving them with little money to finance Islamic terrorism. Creepy Joe has chosen not to enforce the sanctions, so, right after the fake election of 2020, Iran began selling oil again.

President Trump had negotiated five peace agreements in the Middle East. Now, just four months into the Biden presidency, Hamas and Hezbollah have resumed their terrorist activites in the Holy Land, to the point of a nearly full-scale war. A White House spokesthingy said on Tuesday that Israel has a legitimate right to defend itself from Hamas rocket attacks but applied pressure on Israel over the treatment of Palestinians, saying Jerusalem "must be a place of co-existence."

Apparently the goal is to "rebalance" US policy, after President Trump sided with Israeli on all fronts. Another "success" trumpeted by the controlled media is President Biteme's promise to get American military forces out of Afghanistan by 9/11. Such "turn the other cheek" responses to the aggressions of our enemies can only embolden others, such as Russia, China and North Korea. Is the world a safer, more peaceful place now that the Democrats have taken on the task of promoting peaceful co-existence? Hardly. 

In summary... 

To his supporters and the liberal elites, Mr Biden is doing a great job. It may be that his administration has improved the perception of social justice and equity. But the price Americans are paying for massive illegal immigration, high inflation, higher taxes and a less safe world, is far too high.

Those of us not wearing rose-coloured glasses see problems (read: incipient disaster) in every area. Things can only get worse. Lifetime pct .979. 

Adapted from an op-ed piece by Michael Busler in BizPac Review, 21/5/21.