278
submitted 11 months ago by MicroWave@lemmy.world to c/politics@lemmy.world

The last time this happened, voters didn’t credit Bill Clinton. That may be a bad omen, or a good one.

If the stock market chose presidents, Joe Biden would be a shoo-in for reelection in 2024. The market rallied this month amid growing optimism about the economy, with the S&P 500 zooming 1.9 percent Tuesday on news that the consumer price index rose only 3.2 percent in October (compared to 3.7 percent in September). Stocks rallied again Wednesday on news that the producer price index fell 0.5 percent. Commentators are no longer debating whether the economy will experience a “soft landing” (i.e., a reduction in inflation without recession). The only question now is when it will arrive. The S&P 500 seems to have decided it’s already here.

But the stock market doesn’t choose presidents. Voters do, and polls continue to show they think the economy is in terrible shape. A Financial Times–Michigan Ross Nationwide Survey conducted November 2–7 is absolutely brutal on this point.

you are viewing a single comment's thread
view the rest of the comments
[-] FuglyDuck@lemmy.world 2 points 11 months ago

"oh pity poor me, I can't do ANYTHING!" is a bad look for a president. He's done a fair bit, most of it is of the 'taking care of business' variety.

Yes, he needs to work with congress- that's part of his job. I'm not asking him to do anything that isn't part of being... you know... the president. Just because he's better than a field of alternatives, doesn't mean he's not also worse than... I don't know, a progressive democrat? By and large, the president sets the political course for his party; at least while in office.

but again, there's things he CAN be doing. Like, going after monopolies; breaking up companies that are much too large- actions that increase competition and bring direct price actions. they can go after people for unfair (or fraudulent) practices in the sectors hurting people most. Instead hes focused on... ticketmaster... and airlines. yeah, they're scummy companies. they should be dealt with. What about Kroger, Cargill, Nestle. Student loans. predatory landlords.

There's a lot that Biden could be doing. Or more specifically, directing his federal agencies to be doing.

[-] squiblet@kbin.social 5 points 11 months ago

The FTC just wrapped up a major antitrust suit against Google. Not sure how you missed that one.

But anyway, could Biden be less of a corporate Democrat and work more effectively as a populist? Sure. I’m not sure who you think was disagreeing with that. As far as breaking up large corporations in 5 different industries all at once though, and taking executive action on duties of the legislative branch, I think you’re expecting a bit much, which is not even remotely the same thing as “pity me I can’t do anything”.

[-] kmaismith@lemm.ee 1 points 11 months ago

I think this thread has lost sight of the original argument. We shouldn’t elect a republican because breaking up a monopoly is so politically complicated that we know they cannot pull it off, therefore any republican promise to do so should be treated as a farce.

[-] FlyingSquid@lemmy.world 4 points 11 months ago

Yes, he needs to work with congress- that’s part of his job.

They don't want to work with him. Or have you forgotten that the only Republican goal anymore is "own the libs?"

[-] Ensign_Crab@lemmy.world 2 points 11 months ago

He ran on being able to work with them. Which was a giant crock of shit, just like all the "he's the most progressive evar" nonsense we're expected to buy now.

[-] squiblet@kbin.social 2 points 11 months ago

Who would have believed that? Republicans supporting a Democratic president and helping pass legislation? It was hard enough to get Manchin, a supposed Democrat, to go along with it and typically zero Republican senators will.

[-] Ensign_Crab@lemmy.world 0 points 11 months ago

And yet, it's what Biden ran on.

[-] squiblet@kbin.social 1 points 11 months ago

Biden ran on "elect someone but Trump jfc". Just like the republicans had no stated platform for 2020, he didn't really need one besides that.

this post was submitted on 19 Nov 2023
278 points (87.2% liked)

politics

19097 readers
4666 users here now

Welcome to the discussion of US Politics!

Rules:

  1. Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.

Links must be to the original source, not an aggregator like Google Amp, MSN, or Yahoo.

Example:

  1. Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
  2. Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
  3. No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive. Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
  4. Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
  5. No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.

That's all the rules!

Civic Links

Register To Vote

Citizenship Resource Center

Congressional Awards Program

Federal Government Agencies

Library of Congress Legislative Resources

The White House

U.S. House of Representatives

U.S. Senate

Partnered Communities:

News

World News

Business News

Political Discussion

Ask Politics

Military News

Global Politics

Moderate Politics

Progressive Politics

UK Politics

Canadian Politics

Australian Politics

New Zealand Politics

founded 1 year ago
MODERATORS