Heather Cox Richardson: Letters from an American

[Joinfortmill]

https://heathercoxrichardson.substack.com/p/january-22-2022

Joe Biden’s presidency is just over a year old.

Biden has embraced the old idea, established by the Democrats under President Franklin Delano Roosevelt and the Republicans under President Dwight D. Eisenhower, that in a democracy, the federal government has a responsibility to keep the playing field level for all. It must regulate business to maintain competition and prevent corporations from abusing their employees, protect civil rights, provide a basic social safety net, and promote infrastructure.

U.S. economic output jumped more than 7% in the last three months of 2021. Overall growth for 2021 should be about 6%, and economists predict growth of around 4% in 2022—the highest numbers the U.S. has seen in decades, and higher than any other country in the world. Despite the increased spending, the federal budget deficit in the first quarter of fiscal year 2022 dropped 33% from that of 2021. The downside of this growth was inflation of up to 7%, but this is a global problem and exactly why it’s happening is unclear—increased spending has created pent-up demand, and prices have been unstable because of the pandemic.

Biden’s worldview demands that government accomplish things; the Republicans simply have to say no. They have focused on stopping Biden and the success of his view of government, and because it is only the Democrats who are in the arena, as President Theodore Roosevelt put it, Democrats are bearing the weight of popular discontent.