According to figures published at worldometers.info/coronavirus, as of November 20, 2020 in the United States there have been 12,073,793 confirmed cases, with 258,363 confirmed deaths, and 7,244,998 confirmed recoveries since this Wuhan virus hit the U.S. in what, about a year ago? ..... let's check back in another year, if biden is the president, and compare the numbers and see how bad that idiot has fucked it up ..... you better pray those vaccines work, cause if they don't .....
Originally Posted by 00 gauge
Biden's probably going to look like a coronavirus hero. That's not to say he'll deserve it.
I think chances are he'll luck out on the economy too. A Republican Senate will probably save him from his worst instincts. That depends on what happens in Georgia though.
Here's why -
There are going to be some parallels here with 2008/2009. Because of conditions largely beyond his control, George W. Bush is identified with one of the worst recessions since World War II. Barrack Obama was given a golden opportunity to look like a hero. But he largely squandered it with increased taxes and regulation. Instead of the torrid growth you'd expect coming out of a deep recession, what we experienced was downright anemic.
Now Biden will be coming into office at the tail end of the worst worldwide pandemic since 1919, and arguably THE worst recession since the Great Depression. We will have two vaccines that are 90% and 94.5% effective, that will start to hit the market around the end of December. Biden's going to have a really hard time NOT looking good, in terms of what' going to happen with public health.
And the economy? We've had and will have a huge amount of stimulus, both through deficit spending and low interest rates. Biden has a much better chance of fucking this up. If he follows through with higher taxation on corporations and on individuals' capital gains, more regulation, shutting off drilling on Federal lands, and big deficits, the economic ending may not be happy.