Blog Credo

The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary.

H.L. Mencken

Sunday, January 19, 2025

Lethal Modesty

 Joe Biden admitted that he made a significant blunder in not talking up what he had accomplished as president. I think unacknowledged is the fact that Biden is not a good speaker and his already average talents in that regard were reduced by age.

Heather Cox Richardson lays out some of what the Biden administration has done to reign in monopoly, and I agree that I know of very little of this. Monopoly, secret rebates, defrauding customers...our new tech overlords are certainly doing everything they can to resurrect the oligarchy of the Gilded Age.

She ends with three notes of caution.

The first is that Team Trump and Team Billionaire are now married more devoutly than any of his actual marriages. Moving the inauguration indoors was partly to avoid the weather and partly to hide the small crowd of 8 years ago. But MAGA did come and they are being left out in the literal cold while the billionaires cram into the rotunda. The optics are bad for a man who cares most about optics.

Secondly, the bird flu issue is going to have an impact - on the very least - on food prices. Added to deportations - which should hit food prep the hardest - things will start getting expensive again. If tariffs come along, too, then we should see spikes all over the place.

Finally, we are coming up upon the debt ceiling again. The GOP House does not have the votes, I believe, to raise it with a clean vote.

Trump won in part because he really is good at imaging and Biden was almost uniquely bad at it. However, events don't give a shit about imaging. He is now in charge and we shall see if the people who thought of him as their economic champion will still rally around him if he tanks the recovery.

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