I | AUTHOR |
John Fund is a columnist and bestselling author. His books include Stealing
Elections: How Voter Fraud Threatens Our Democracy and How the Obama Administration Threatens to Undermine Our Elections.
56 NEWSMAX | MAY 2022
n march 2021, five weeks after taking offi ce, Joe Biden gathered presidential historians around a long table in the White House to discuss his determination to be one of the most consequential presidents. The news site Axios said the two- hour meeting reinforced Biden’s
“think-big, go-big mentality.” It reported: “He has many more giant plans
teed up that could make Biden’s New Deal the biggest change to governance in our lifetimes.” “He’s clearly in the FDR/LBJ mode,” gushed
historian Jon Meacham, who helps write Biden’s speeches. “He’s basically decided he’s got to get every-
thing done that he can because he genuinely be- lieves that it’s an emergency situation.” What a diff erence a year can make. Now Biden resembles not so much FDR or
LBJ but the second coming of Jimmy Carter, the failed president of the 1970s who was steamroll- ered out of offi ce by Ronald Reagan. Biden was the fi rst senator to endorse Cart- er for president back in 1975. Now Biden appears bent on recreating Carter’s disastrous presidency. Or worse. “I see that everybody is compar-
ing Joe Biden to Jimmy Carter,” Donald Trump said recently. “That is very unfair to Jimmy
Carter. Jimmy mishandled crisis af- ter crisis, but Biden has created cri- sis after crisis.” Indeed, the Biden new misman-
agement is remarkable. His Build Back Better legislative program has been broken by Congress. He’s be- set by infl ation, soaring gas prices, a relentless crime wave, and war in Ukraine. At this rate, he is heading for the
corner of history inhabited by James Buchanan, the hapless president who presided over the secession of southern states that began the Civil War.
Most ominous for Biden is the re-
turn of infl ation, which was last a problem dur- ing the distant Carter years. Larry Summers, a top economic adviser to
both Presidents Clinton and Obama, has warned the Biden White House to avoid “excuse-mon- gering” by blaming infl ation on Russian Presi- dent Vladimir Putin and price gouging by corpo- rations. “This is a consequence, fundamentally, of an
overheated economy,” Summers told Bloomberg News in March. “Blaming corporate greed will chill business
confi dence, will reduce investment in expanding capacity, and will likely make this worse.” Summers notes that the current toxic mix of
infl ationary monetary policy and soaring spend- ing has outstripped wage gains and left average Americans struggling. With six months until the crucial midterm
elections, the Biden approach isn’t just wrong- headed, it’s proving to be a political fl op, ac- cording to the latest major polls from NBC/Wall Street Journal and McLaughlin & Associates.
P.54-55:PODIUM/MAXX-STUDIO/SHUTTERSTOCK / BIDEN/ADRIAN DENNIS-POOL/GETTY IMAGES P.56-57: BIDEN/OFFICIAL WHITE HOUSE PHOTO BY ADAM SCHULTZ
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