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Persistent delusion of the far-left yields inflation, border chaos, and warrenesqe policy

A bit of humility about what Washington could achieve would have served the president well. Instead Biden carries Elizabeth Warren's flag into battle.

Progressive Bad Examples and Overreach

A blistering opinion piece by Gerald Baker in the WSJ highlights the accomplishment of Biden's term so far.

Please consider Biden Emerges as Progressive Government’s Mr. Bad Example

Say what you will, but Joe Biden’s first year in office has one crowning achievement to its name. It has provided a real-time, data-rich, high-intensity and ultimately devastating case study in the defining conceit of progressive politics: the idea that government is the solution.

Those liberal geniuses who told us they could manage the economy like a well-honed machine have managed to create the highest inflation in nearly 40 years, eroding real wages and imperiling economic stability. The brilliant ideologues who run our cities have presided over a surge in violent crime that has reduced life for many residents to a real-life dystopia. Those omniscient technocrats who know how to devise and implement a humane and functioning immigration policy have left us with a border in name only and chaos and lawlessness to accompany it. The strategic geniuses who told us “America is back” produced a debacle in Afghanistan whose full ramifications for U.S. security we haven’t even begun to see.

It’s not too harsh a judgment to say that this is a man who has risen to the top of American public life without a trace of accomplishment. When you’ve been in national politics for almost 50 years, you ought to have achieved something, if only by accident. But this journeyman politician, when he wasn’t getting almost all the big issues wrong, was largely a bystander. He is now a husk of a leader, a dangerously debilitated figure, who oscillates between displays of vacuous incoherence and weird, angry outbursts, like a confused old man at the wrong bus stop.

A year ago a bit of wise humility about what he—and government—could achieve would have served the president-elect well. Instead, in less than a year, we have an object lesson in why progressive governance is an oxymoron.

A Word About Afghanistan

The only thing above I disagree with pertains to Afghanistan. 

I congratulate Biden for leaving even though how he went about it was a disaster. 

Let's not conflate the correct idea with how it was delivered. Trump promised to get us out and failed. Indeed, Trump failed to get the US troops out of anywhere.

But other than Afghanistan, heck even Afghanistan for the way it happened, has been a big disaster. 

Biden's Bank Regulatory Nominee Espouses Helicopter Money and Praises the Old USSR

Some of the things Biden planned to do were so awful not even Democrats could support them. 

On November 15, I noted Biden's Bank Regulatory Nominee Espouses Helicopter Money and Praises the Old USSR

Under her plan, laid out in a 2016 paper, the Federal Reserve would set prices in large sectors of the U.S. economy that she deems to be ‘systemically important prices,’ . . . ‘… widely used fuels, foodstuffs, and some other raw material’ and ‘wage or salary indices,’ among others.

Peoples' Ledger

By People's Ledger, she wants the Fed to hand out free money. That is something the Fed cannot legally do. The Fed can only lend.

Author

Mike “Mish” Shedlock's

Mike “Mish” Shedlock's

Sitka Pacific Capital Management,Llc

Mike “Mish” Shedlock is a registered investment advisor for SitkaPacific Capital Management.

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