Skip to main content

New top story from Time: Biden’s 100-Days Bet: Big Government Can Win the Post-Trump Moment

https://ift.tt/3sWjtDh

President Joe Biden was huddling with aides in the Oval Office in late April, preparing for a Zoom tour of Proterra, an electric bus and battery plant in Greenville, South Carolina. The company does the kind of eco-friendly manufacturing that Biden hopes will balloon if Congress passes his $2 trillion infrastructure proposal, which includes nearly $80 billion in federal investment in these types of clean energy jobs. Biden was blunt about the larger goal. “This is how we show people that the government has a role to play,” he said before getting on the call.

That vision of government has been at the heart of Biden’s first 100 days in office. He has pumped nearly $1.9 trillion into the economy, more than any other President at this point in a first term, through a stimulus bill that offers everything from unemployment insurance and rental assistance to vaccine distribution and healthcare subsidies. Biden has laid out plans for another $2 trillion to create millions of jobs by fixing the country’s sagging infrastructure, and invest in clean energy jobs like the ones at Proterra, and plans to lay out an estimated $1.8 trillion this week focusing on education and paid leave. In total, Biden’s multi-trillion dollar spending splurge would be the biggest federal investment in the middle and lower classes since President Lyndon B. Johnson’s Great Society, with the potential to alter the country for generations.

It’s a deeply progressive agenda put forth by a man who was a middle-of-the-road Democrat for most of his career. “I really kind of thought he would be much more of a traditionalist,” says Representative Jim Clyburn, the House Majority Whip, “though I am very pleased and excited.” So how is the one-time deficit hawk who supported Ronald Reagan’s tax cuts now drawing comparisons to presidents like Franklin Delano Roosevelt and Lyndon B. Johnson?

Biden is making a $5 trillion bet. The president has calculated, aides and allies say, that the twin shocks of the last four years—President Donald Trump’s gutting of the federal government and the historic pandemic—have created a once-in a career opportunity. By embracing a pre-Reagan vision of expansive government that delivers for a hurting nation, he hopes to capitalize on the post-Trump political moment. “People just see a much, much bigger role for the government,” says Celinda Lake, a Democratic pollster who advised Biden’s campaign. “It’s comparable to the Great Depression and World War II, where there were massive emergencies that affected everyone, and people were very, very responsive to a major [government] role.”

So far, Biden’s bet seems to be paying off. His approval rating has hovered in the mid-50s, according to Gallup, which trails many of his predecessors but is a strong mark in this polarized political climate. (Trump never cracked 50%.) Some 64% approve of his coronavirus response, and 46% of Americans say the country is headed in the right direction, according to a Monmouth University poll released April 14, the highest number in eight years.

But even Biden’s allies acknowledge that goodwill is tenuous. The country remains deeply divided. Biden has a narrow, fragile majority in Congress, and holding together progressives and moderates in his party is already proving hard. Republicans are eager to make it harder, seizing on crises like the surge of migrant children at the southern border, to attack him and dampen his approval ratings. With midterms 18 months away, and the Democrats facing challenges on multiple fronts, Biden has little time to get his ambitious agenda enacted.

A new President’s first official Oval Office meeting is always a milestone, and Biden’s decision to invite 10 Republican Senators to his first one, on Feb. 1, was particularly noteworthy. The Democrats had recently won control of the Senate through two run-off elections in Georgia, so Biden didn’t need GOP support to advance his $1.9 trillion COVID-19 relief package. But over the course of the two-hour meeting, Biden seemed to indicate he might tinker with his spending plan in favor of the kind of bipartisan compromise he had talked about on the campaign trail.

Instead, Biden cast aside the Republicans’ $600 billion counter and forced through his bill on a party-line vote six weeks later. Biden has offered a host of reasons for going it alone. He told aides he felt the $600 billion GOP counterproposal wasn’t serious. He has touted estimates that part of his bill could cut child poverty in half. And he said he couldn’t risk the trap he’d seen unfold as Vice President in 2009 and 2010, when he watched drawn-out negotiations with Republicans fizzle, delaying Democrats’ legislative priorities. “Bipartisanship is a worthy outcome,” says Scott Mulhauser, a former aide to Biden in the Senate, “but it is not the goal.”

Through polling and focus groups, as well as his time on the campaign trail, Biden concluded that what voters wanted, above all else, was for the government to deliver in ways it hasn’t during the neoliberal era. In 2015, 68% of Democrats and 23% of Republicans said the government should do more to solve problems, according to data from the Pew Research Center. By September 2020—amid the throes of a worldwide pandemic and economic downturn exacerbating income inequality—those numbers had increased to 82% of Democrats and 32% of Republicans.

The decision set the course of Biden’s presidency, establishing from the start that his time in the Oval Office would deviate from the incrementalism of his Senate career. Former Senator Ted Kaufman, a longtime Biden confidante, says that Biden’s moderate persona in the Senate was the result of the institution he was serving. He needed to get things done for his constituents, Kaufman argues, which required compromise. “When you’re a Senator, you have one ability to make change. When you’re President you have a totally different ability to make change,” Kaufman says. “The reason why senators run for President is not to ride on Air Force One or live in the White House; it’s because you can step up and move beyond incremental lawmaking.”

It’s also true that the country has changed. For much of Biden’s Senate career, politics increasingly demanded a commitment to minimizing the government’s role and limiting spending, at least in principle. “During the Reagan and Clinton years, Biden understood the country had turned right and the Democrats had to be more restrained in their objectives,” says Timothy Naftali, a former director of the federal Richard Nixon Presidential Library and a historian at New York University. “Biden has a sense that this is a period when it’s possible to get more from the Democratic agenda.”

It may be. Republicans have blasted the size of the COVID-19 relief bill, arguing it is full of wasteful spending unrelated to the pandemic, and are making similar claims about the infrastructure push. But a month after its passage, 67% of Americans approved of the American Rescue Plan, according to an April 15th survey from the Pew Research Center. And 68% support the American Jobs Plan, while just 29% oppose it, according to an April 26th Monmouth University poll. Overall Biden scores high marks on the policies he is pushing, with the exception of immigration, polling shows.

If Biden’s first 100 days were all about getting shots in arms and cash into people’s wallets, his next 100 will be more complicated. To revamp the U.S. economy and reaffirm the positive role of government, he will need to pass some version of both the $2 trillion American Jobs Plan and the estimated $1.8 trillion American Families Plan by the end of the year. It won’t be easy. Biden has pledged to work across the aisle, inviting leading Republican lawmakers on this issue for Oval Office meetings and laying out his pitch in his first address to Congress on April 28. But fights among Democrats may prove just as challenging. Already, Biden’s party is fighting over whether to include a tax break that mostly benefits northeastern states, just one of several friction points he’ll have to grease to get a bill passed on party lines. His aides acknowledge passing these bills will be a slog, but profess confidence both publicly and privately that both will pass in some form.

While he inherited a crisis, Biden’s also been helped by circumstance. The Trump Administration ordered the bulk of the vaccine shots Biden inherited and distributed. “Biden ascended to the White House at the perfect time,” says Republican donor Dan Eberhart, “Not one, but two vaccines were being rolled out and the economy was tightly wound up with pent-up demand.” He’s also benefited from an opposition party with few unifying principles beyond fealty to an unpopular former president. “He’s been helped by the Republican inability to coalesce around a single message,” says GOP pollster Frank Luntz. They’re “too busy arguing over Dr. Seuss,” says Luntz, referring to Republicans’ outrage over the children’s author being condemned for offensive illustrations.

The big question for Biden’s term is whether legislative success—if he can achieve it—can help him defy history. A President’s party generally loses seats in the midterm elections, but Biden’s allies claim his popularity is having trickle-down effects. According to the April 15 Pew Research Survey, half of Americans approve of the job Congressional Democratic leaders are doing, while just 32% approve of Republican leaders. Some Democrats are cautiously optimistic that, if Biden’s big-spending plans become law, their popularity will enable them to reverse the mid-term losing trend.

That’s the hope at the White House, anyway. For now, Biden’s trying to make that argument wherever he can. As he told an executive at Proterra, the South Carolina company building electric school buses and city buses, after watching their electric battery manufacturing process, “We have a lot of catching up to do, but we’re going to be in a position where we ought to own the future here.” For Biden, success may come down to how much he and the American public are willing to pay for it.

Comments

Popular posts from this blog

New top story from Time: All 53 People Aboard Indonesia Submarine Declared Dead After Vessel’s Wreckage Found

https://ift.tt/3ezrzg5 ANYUWANGI, Indonesia — Indonesia’s military on Sunday officially said all 53 crew members from a submarine that sank and broke apart last week are dead, and that search teams had located the vessel’s wreckage on the ocean floor. The grim announcement comes a day after Indonesia said the submarine was considered sunk, not merely missing , but did not explicitly say whether the crew was dead. Officials had also said the KRI Nanggala 402’s oxygen supply would have run out early Saturday, three days after vessel went missing off the resort island of Bali. “We received underwater pictures that are confirmed as the parts of the submarine, including its rear vertical rudder, anchors, outer pressure body, embossed dive rudder and other ship parts,” military chief Hadi Tjahjanto told reporters in Bali on Sunday. “With this authentic evidence, we can declare that KRI Nanggala 402 has sunk and all the crew members are dead,” Tjahjanto said. An underwater ro...

New top story from Time: A COVID Outbreak Sparked by Partying Teens Leads to 5,000 Being Quarantined in Spain

https://ift.tt/2UJaeL7 MADRID — Almost 5,000 people are in quarantine after vacationing high school students triggered a major COVID-19 outbreak on the Mediterranean island of Mallorca, a senior official said Monday. Authorities have confirmed almost 1,200 positive cases from the outbreak, Spain’s emergency health response coordinator, Fernando Simón said. The partying teens celebrating the end of their university entrance exams last week created a “perfect breeding ground” for the virus as they mixed with others from around Spain and abroad, Simón told a news conference. Mallorca health authorities carried out mass testing on hundreds of students after the outbreak became clear. It is believed to have spread as hundreds of partying students gathered at a concert and street parties. Officials have so far traced 5,126 travelers to Mallorca. More than 900 COVID-19 cases in eight regions across mainland Spain have been traced back to the outbreak. Scores of infected teens are...

New top story from Time: During the COVID-19 Meltdown, Dozens of Execs Pocketed Millions in Bonuses While Their Companies Went Bankrupt

https://ift.tt/3oDGdt7 This article is part of the The DC Brief, TIME’s politics newsletter. Sign up here to get stories like this sent to your inbox every weekday. The last time Congress made a major change to bankruptcy laws in 2005, legislators cleverly inserted a provision that barred troubled companies from tucking executive bonuses into the books right as they were skidding through bankruptcy unless a judge signed-off on the paycheck. The thinking was pretty straightforward: the execs at the wheel during their companies’ crash shouldn’t get lavish payouts while creditors were, at best, going to get pennies on the dollar for their debts. Back then, in 2005, the memory of Enron’s 2001 collapse was still fresh and the enduring populist rage about the 2008 Wall Street bailout was on the horizon. Almost two-thirds of Americans thought income inequality was an unfair feature of the American system back then, and back-door paydays were roundly loathed. [time-brightcove n...

New top story from Time: Ireland Abandons 12.5% Tax Pledge as Global Deal Races to Finish

https://ift.tt/3iFmrts Ireland is ready to sign up to a proposed global agreement for a minimum tax on companies, a climbdown that removes one hurdle to an unprecedented deal that would reshape the landscape for multinationals. On the eve of a key meeting between 140 countries hosted by the Organization for Economic Cooperation and Development, the Irish government said it will join the push for a floor of 15% levied on profits of corporate entities. “This agreement is a balance between our tax competitiveness and our broader place in the world,” Irish Finance Minister Paschal Donohoe said in a statement Thursday evening announcing the pledge. The decision “will ensure that Ireland is part of the solution in respect to the future international tax framework.” [time-brightcove not-tgx=”true”] The rate agreed is 2.5 percentage points higher than the longstanding level that has been a pillar of Ireland’s economic model for a generation, underscoring its huge symbolic signifi...

New top story from Time: This Is the White House’s Plan to Take on Facebook

https://ift.tt/3oEQl4Y Facebook whistleblower Frances Haugen’s testimony this week on Capitol Hill turned the Klieg lights on the social media platform’s algorithm that, by design, amplifies dangerous disinformation and lures people to spend more and more time scrolling. The question now is what the Biden Administration will do about it. White House officials know that the momentum generated by Haugen’s testimony will fade over time and the window of popular support for major structural changes to the technology landscape will close. “The White House, like everyone else in Washington, recognizes that the tide is high and the time for action is now,” Tim Wu, special assistant to the president for technology and competition policy, said in a statement to TIME. White House officials are “distressed” by Haugen’s revelations that social media companies’ products are targeting children, Wu said, and “the era of ‘let’s just trust the platforms to solve it themselves’ needs to be ...

New top story from Time: Duo Share Nobel Chemistry Prize for Work on Solar Cell Advances

https://ift.tt/3oGVh9p Two scientists, working independently of each other, won the Nobel Prize in chemistry for their work into molecular construction and its impact on a range of uses from solar cells to battery storage. Benjamin List, from the Max-Planck-Institut in Germany, and David MacMillan, a professor at Princeton University, won the award for developing “an ingenious tool” for building molecules, according to the Royal Swedish Academy of Sciences. “Researchers can now more efficiently construct anything from new pharmaceuticals to molecules that can capture light in solar cells,” the academy said. The two recipients will share the 10 million-krona ($1.1 million) award. BREAKING NEWS: The 2021 #NobelPrize in Chemistry has been awarded to Benjamin List and David W.C. MacMillan “for the development of asymmetric organocatalysis.” pic.twitter.com/SzTJ2Chtge — The Nobel Prize (@NobelPrize) October 6, 2021 Annual prizes for achievements in physics, chemistry, med...

New top story from Time: The Seven Secrets of Indra Nooyi’s Success

https://ift.tt/3AyQUQ0 Indra Nooyi struggles to be heard over the sounds of outdoor dining, midtown traffic, and a fountain gushing down the wall. That’s clearly rare for the former PepsiCo CEO —so she beckons the restaurant’s owner and asks if he can shut off the water. He obliges, and Nooyi proceeds to regale us, a table of female journalists at the helm of various New York media, with anecdotes from her just-released book, My Life in Full: Work, Family, and Our Future . The whole lunchtime interaction—assess problem, determine what’s in your control, improve outcome, go forth with grace—is signature Nooyi. Her book delves even further into this exacting style punctured by compassion, loyalty, and deep relationships that get results. [time-brightcove not-tgx=”true”] I confess to having studied Nooyi for a long time now. I’ve watched her interviews, live and on YouTube, during my own career trajectory. A manager training I once attended spent hours dissecting Nooyi’s ab...

New top story from Time: Over 550,000 U.S. Borrowers Could Be Newly Eligible for Student Debt Relief

https://ift.tt/3lf52cK The Biden administration is temporarily relaxing the rules for a student loan forgiveness program that has been criticized for its notoriously complex requirements—a change that could offer debt relief to thousands of teachers, social workers, military members and other public servants. The Education Department said Wednesday it will drop some of the toughest requirements around Public Service Loan Forgiveness, a program that was launched in 2007 to steer more college graduates into public service but, since then, has helped just 5,500 borrowers get their loans erased. Congress created the program as a reward for college students who go into public service. As long as they made 10 years of payments on their federal student loans, the program promised to erase the remainder. [time-brightcove not-tgx=”true”] But more than 90% of applicants have been rejected. After making a decade of payments, many borrowers have found that they have the wrong type of...

New top story from Time: How Fixing Facebook’s Algorithm Could Help Teens—and Democracy

https://ift.tt/3Fj086H What does teen anorexia have to do with the crumbling of 21st century democracy? It’s the algorithm, stupid. On its surface, helping young girls feel better about their bodies doesn’t seem to have much to do with the deep polarization and disinformation threatening civic society around the world. But Tuesday’s testimony by Facebook whistleblower Frances Haugen suggests that they’re both symptoms of the social media platform’s flawed algorithm and corrupt business model , and adjusting Facebook’s algorithm to tackle one problem could go a long way towards addressing the other. Until Haugen’s whistleblower revelations, which have been published in the Wall Street Journal and on 60 Minutes, most of the conversation about regulating Facebook has focused on hate speech, disinformation, and the platform’s role in enabling the January 6 riot at the Capitol—a conversation that inflames tensions on both sides of the aisle and has led to a political impasse ...