Election day is not an end, it is a beginning. What will the victor do for the next four years?
The 2024 election is unusual, in that it is a battle, in many ways, of one incumbent against the other. There is a fairly clear picture of what both candidates will do if they win.
It can reasonably be expected that both will follow the paths they established during their tenure in office. Speaking of his vice president, Biden stated that “…as vice president, there wasn’t a single thing that I did that she couldn’t do. And so I was able to delegate [to] her responsibility on everything from foreign policy to domestic policy.”
The White House website concurs. “As President of the Senate, Vice President Harris set a new record for the most tie-breaking votes cast by a Vice President in history – surpassing a record that had stood for nearly 200 years. And her votes have been consequential. This includes casting the decisive vote to secure passage of the landmark Inflation Reduction Act, the largest investment ever in tackling the climate crisis. She also presided over the unprecedented vote to confirm the first Black woman, Justice Ketanji Brown Jackson, to the Supreme Court while working alongside President Biden to achieve historic representation of women and people of color among nominees at all levels of the federal government.”
Vice President Harris was, indeed, the crucial tie-breaking vote on the inflation reduction act. The House Oversight Committee notes that “Instead of lowering prices, the Inflation Reduction Act (IRA) hiked taxes on businesses, mandates price controls on drugs, devoted $80 billion to hire 87,000 new Internal Revenue Service (IRS) agents to target middle class Americans, and earmarked $300 billion to advance Democrats’ radical climate agenda. The IRA’s drug pricing scheme means higher prices, fewer cures, and less access to care for American patients.
“Joel White, President of the Council for Affordable Health Coverage, discussed how the IRA will result in fewer cures during his opening testimony. “All of the experts – CBO, the CMS Actuary, and private academics – agree that the IRA will result in fewer therapies. They simply disagree on the extent of the damage.”
“President Biden is willing to sacrifice our economic security to pursue his radical Green New Deal.
“President Biden and Democrats have used the IRA to disguise radical Green New Deal policies that put China over the U.S.
“New estimates project the actual cost of the IRA green energy will be double the projected amount.
“Preston Brashers, PhD, and Senior Policy Analyst of Tax Policy at the Heritage Foundation said during his opening testimony, “The IRA is much more fiscally irresponsible than it appeared on paper. It uses gimmicky and questionable pay-fors and expirations, and some of the provisions are proving much more costly than forecasters expected – especially the bevy of tax credits for green energy, electric vehicles, carbon sequestration, and other things ostensibly connected to the climate agenda.”
In stark contrast, inflation was comparatively tamed during the Trump years. Yahoo Finance reports that “ Trump oversaw a period of relatively low inflation, and Biden’s term so far has largely been defined by rapidly rising prices and the most painful inflation since the early 1980s.” On foreign affairs, the Biden-Harris record is worrisome. The House Oversight Committee also reports that “Meaghan Mobbs, Director of the Center for American Safety and Security: “The core duty of any government is to protect its people. Yet, over the last four years, the world has only grown more dangerous. Under the current administration, we have witnessed the largest attack on a European nation in 85 years and the deadliest day for Jews since the Holocaust. Our enemies no longer view the United States as a nation ready to act with strength and resolve when confronted. Instead, they witnessed an administration more focused on diplomatic gestures and conciliatory measures, often at the expense of American security.
The article concludes tomorrow
Photo: White House web site