Drone armies, expanded overtime pay and over-the-counter birth control pills are just some of the new things Biden has ushered in as president that you might not have heard about.
Ending inflation without starting a recession is probably the most impactful on this list.
A few years ago when Covid shut down the economy and the fed printed trillions to keep the whole system from collapsing, I would have bet anything that a major recession was just around the corner.
The ‘soft landing’ was one of the most significant challenges our country/the world has ever faced.
Obviously not completely attributable to Biden, but his leadership during this time allowed us to come out of Covid stronger than we were before it started. The whole world was at risk of the dollar collapsing and it was a super close call.
No one will ever remember it. That’s what government should be like. Inflation was guaranteed, now we just need to see them start hitting companies for over charging. So step 1 is getting congress to write a bill saying over charging for a product is illegal. The question is how much is to much… So we will likely never get legislation. Maybe start with saying food cannot be resold at a cost higher than 3%. It will start bringing food costs down, and we can fix Desantis’s stupid bill and change it from Chinese and make it so no one who does not live in the U.S. can buy multiple properties and companies cannot buy properties in residential areas. Then we might see housing stabilize or drop.
We are experiencing a lot of late stage capitalism issues.
With the increasingly valid excuse of uncertainty, mega corps ‘must’ make more money now because they don’t know what kind of economic hardships they will have to be prepared to endure in the future.
That risk is built into the cost of goods, and can’t easily be quantified, so a bill capping profit margins isn’t really feasible. And let’s not forget who really crafts legislation these days.
In my state, there is a limit to the number of liquor stores one person/corporation can own. They recently increased it from one to three. This law makes a lot more sense for housing than it does for liquor stores, but unfortunately there are too many billionaires with skin in the game.
A crash in housing prices comes with its own set of problems as well, so whatever changes are necessary, they should be taken slowly so as not to cause another collapse in the housing market. Home ownership is still the primary way for the average American family to develop any meaningful wealth, good or bad as that may be.
Whatever changes need to happen, they must be gradual and sustained over a long period of time. Massive and abrupt changes create instability which will have unanticipated consequences.
We want these mega corps to be like the proverbial frog in the boiling pot. Eventually, monopolistic and racketeering like practices could be diminished while millions are lifted out of poverty. If it is to happen, it will take time.
If I were a betting man, I would say that meaningful change is unlikely. Mega corps will continue to squeeze every penny out of the people, leaving us only enough to continue buying their shit. Bernie may have been able to do it, but sadly that ship has sailed.
Expanded overtime guarantees for millions
First over-the-counter birth control pill to hit U.S. stores in 2024
Making airlines pay up when flights are delayed or canceled
Gun violence prevention and gun safety get a boost
Renewable power is the No. 2 source of electricity in the U.S. — and climbing
Preventing discriminatory mortgage lending
A sweeping crackdown on “junk fees” and overdraft charges
Forcing Chinese companies to open their books
Preventing another Jan. 6
Building armies of drones to counter China
The nation’s farms get big bucks to go “climate-smart”
Biden scraps Trump’s paint scheme for Air Force One (not sure this is worthy)
The Biden administration helps broker a deal to save the Colorado River
Giving smaller food producers a boost
Biden recommends loosening federal restrictions on marijuana
A penalty for college programs that trap students in debt
Biden moves to bring microchip production home
Tech firms face new international restrictions on data and privacy
Preventing a cobalt crisis in Congo
Cracking down on cyberattacks
Countering China with a new alliance between Japan and South Korea
Reinvigorating cancer research to lower death rates
Making medication more accessible through telemedicine
Union-busting gets riskier
Biden inks blueprint to fix 5G chaos
Biden empowers federal agencies to monitor AI
Fixing bridges, building tunnels and expanding broadband
The U.S. is producing more oil than anytime in history
Strengthening military ties to Asian allies
A new agency to investigate cyberattacks
And I will add a few of my own:
Creating a new 15% minimum corporate tax rate
Creating the most new jobs in any 4 year period of American history.
Ending inflation without starting a recession
Reducing student loan debt
Expert handling of Putin
Ending Covid without telling people to drink bleach
Ending inflation without starting a recession is probably the most impactful on this list.
A few years ago when Covid shut down the economy and the fed printed trillions to keep the whole system from collapsing, I would have bet anything that a major recession was just around the corner.
The ‘soft landing’ was one of the most significant challenges our country/the world has ever faced.
Obviously not completely attributable to Biden, but his leadership during this time allowed us to come out of Covid stronger than we were before it started. The whole world was at risk of the dollar collapsing and it was a super close call.
No one will ever remember it. That’s what government should be like. Inflation was guaranteed, now we just need to see them start hitting companies for over charging. So step 1 is getting congress to write a bill saying over charging for a product is illegal. The question is how much is to much… So we will likely never get legislation. Maybe start with saying food cannot be resold at a cost higher than 3%. It will start bringing food costs down, and we can fix Desantis’s stupid bill and change it from Chinese and make it so no one who does not live in the U.S. can buy multiple properties and companies cannot buy properties in residential areas. Then we might see housing stabilize or drop.
We are experiencing a lot of late stage capitalism issues.
With the increasingly valid excuse of uncertainty, mega corps ‘must’ make more money now because they don’t know what kind of economic hardships they will have to be prepared to endure in the future.
That risk is built into the cost of goods, and can’t easily be quantified, so a bill capping profit margins isn’t really feasible. And let’s not forget who really crafts legislation these days.
In my state, there is a limit to the number of liquor stores one person/corporation can own. They recently increased it from one to three. This law makes a lot more sense for housing than it does for liquor stores, but unfortunately there are too many billionaires with skin in the game.
A crash in housing prices comes with its own set of problems as well, so whatever changes are necessary, they should be taken slowly so as not to cause another collapse in the housing market. Home ownership is still the primary way for the average American family to develop any meaningful wealth, good or bad as that may be.
Whatever changes need to happen, they must be gradual and sustained over a long period of time. Massive and abrupt changes create instability which will have unanticipated consequences.
We want these mega corps to be like the proverbial frog in the boiling pot. Eventually, monopolistic and racketeering like practices could be diminished while millions are lifted out of poverty. If it is to happen, it will take time.
If I were a betting man, I would say that meaningful change is unlikely. Mega corps will continue to squeeze every penny out of the people, leaving us only enough to continue buying their shit. Bernie may have been able to do it, but sadly that ship has sailed.
“The U.S. is producing more oil than anytime in history”
The point is meant for the republican readers :P