Huh?
I was basically trying to say that Biden has done a very good job. I think I was consistent in that.
The point I was making is that many have yet to realize the full benefits of his actions as they were long term plays. Money from the infrastructure / Inflation Reduction Act is just finally converting into actual projects in people’s back yards. Inflation is finally reaching target levels and the Fed will soon cut rates. Once that happens the job market will start getting better and new mortgage payments will drop. That’s all great stuff, it’s just the average person won’t really “feel” the most impactful benefits of all this great stuff until the next 4 years.
The analogy I was trying to make is if you judged Obama’s economy and achievements based on the first 3.5 years it would probably not look so rosey either. The botched ACA rollout, narrowly avoiding a recession. But obviously he laid out a lot of great stuff and got to reap the rewards in second term.
Biden stepping down now will in a way rob him of “proof” of the great work he did as most Americans have the memory of a goldfish, whether Harris or Trump wins next they will get the bulk of the credit for the economic boom that is likely to follow in the mind of the public. I’m but I hope history will acknowledge him for successfully navigating the COVID recovery at the very least. I’m also a big fan of the infrastructure projects and everything he did and tried to do for student loan forgiveness.
In some ways, Joe Biden was a victim of his own success. His early attempts to support the economy reopening after Covid had two side effects. One, they likely exacerbated inflation by a couple percent. More importantly, voters enjoyed the stimmy money as short-lived as it was. It was like a sugar rush for plebs, but Biden gets no love once it's gone (likewise, enhanced UI and the CTC put a lot of money into people's pockets). None of this Covid relief spending was sustainable, but regular people don't care about that.
What have you done for me lately?
And you're spot on that the BIL and IRA are massive wins, but largely long-term in impact. Even so, a state like AZ is
already benefiting and yet they're giving Biden no credit for the federal largesse.
It will truly suck if Trump ends up getting credit for Bidenomics, while rolling back environmental regulations along the way. If Harris is the beneficiary, then by extension, Biden gets his dues. Proper historians will remember his presidency accurately enough. Americans (mainly Repub voters) have already forgotten how DJT was a bottom-5 all time president so I couldn't give two fucks how they assess the Biden presidency now or later.