The economy is on life support and President-elect Biden is pretending that it isn't. The Federal Reserve is propping up the capitalist system. American taxpayers are funding the most extreme inequality in a century of US history. Billionaires have gotten $637 billion richer since March. Big companies are getting even bigger by absorbing their failed competitors. All while 8 million Americans have fallen into poverty. Middle class incomes have declined significantly. 30-40 million people are at risk of eviction by the end of the year. We can expect Joe Biden to pick up where Mr Trump left off. This is a guy who said he has "no empathy" and that "nothing would fundamentally change" with him as president. During the Obama years, he helped cut $8.7 billion in food stamps, proposed cuts to Social Security and Medicare and helped criminal bankers kick 5.1 million families out of their homes. His transition team has already indicated that he will push austerity in the White House. "When we get in, the pantry is going to be bare," said Mr. Kaufman, who is leading Mr. Biden’s transition team. https://www.jacobinmag.com/2020/08/biden-democratic-national-convention-austerity
Your looking at only one side of the ledger while ignoring the other side. Biden has said that he would fundamentally change the US Economy in favor of AOC's idiotic New Green Deal. When asked if he would push that agenda even if it cost millions their jobs, and he said yes. He has also been wishy-washy about whether he would support another lock-down for Covid-19. The New Green Deal and a lockdown would easily send us into a major depression. The fact that he can not remember what he said one minute to the next is a recipe for disaster. If the DNC truely wants to turn this country into yet another third world country, then they have everything in place to do it. What does the Biden Presidency mean for the workers in this country? A loss of everything.
Fossil fuels won't last forever. The GND will create millions of new jobs and is supported by 60-70% of the public. Joe Biden is funded by oil and gas companies. He doesn't support the Green New anything. His climate plan is to get off fossil fuels by 2050. Joe Biden rejects Green New Deal and other progressive policies in debate, irking activists - Boston Globe
Parroting the DNC narrative without anything to back it up is ridiculous. The Green Deal might eventually create millions in new jobs, but they will not be created as fast as they push out other jobs. Further, you might not have even read the NGD, but it is completely unrealistic. Get rid of airplane travel and shipping? What will take it's place? Boats, trains and trucks. Your trading one carbon producer for several others. How does that lower anything? Fossil Fuels will not last forever? Fossil Fuels are the ultimate renewable fuels. As long as there is life on this planet, the planet will be creating fossil fuels. Therefore, it will be around forever. One final point. Biden expects that the US will be completely off fossil fuels in the next 30 years. He has also said that he is only going to be a one term President. So, do you really think that the DNC will win the last seven Presidential Elections, or that their own party members will stop taking kickbacks from the Oil Lobby? In other words, his plan will not amount to anything. The DNC is already blaming the NGD for losing seats in the House. AOC has even said that she may get out of politics. So, in the end, you got nothing.
The talking heads credit the news of the vaccine and the election of Biden as being the two reasons the DOW closed today where it did.
