President of America: Joe Biden on the weekend in Rehoboth Beach, Delaware, USA
From frivolous spending to protectionist industrial policy: there is much to criticize about the US president’s actions. However, Joe Biden is needed – because the most realistic alternative right now is terrible.
IIn normal times, Joe Biden’s economic policies would be calmly dissected regardless of the losses. This would show that Americans are right to complain about rising food and gasoline prices. Homes, which for many are the fulfillment of the American dream, have become out of reach for most people.
One might point out that their wages can barely keep up with accelerating prices, that the president’s government’s frivolous spending policy has contributed its share of inflation, and that protectionist industrial policy prevents the stimulation of competition and alienates trading partners for a vision of nostalgia. A hero of industrial action, he is the same age as the president himself.
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