So far, most of the attention on the progress of President Joe Biden's economic agenda has been on the bipartisan infrastructure deal. It went first, so it got the spotlight first. Now that the Republicans and Democrats seem to be in the final stages of hammering out a deal, the attention is soon going to shift to the second part of the plan: the budget reconciliation bill that will be designed to make it through the Senate solely with Democratic support.

As I've been pointing out, the most interesting thing about this bill is that Senator Bernie Sanders is in charge of writing it. Bernie's not on the outside looking in anymore, he now chairs the Senate's budget committee. And he's about to flex his power for the first time. Although the key will be (as always, these days) what Senator Joe Manchin will agree to. And this past weekend, this bidding game began in earnest.

Read Complete Article »

President Joe Biden made a political mistake, last week. Thankfully, it looks like he has rectified it with the right people, meaning it will not be a major stumbling block in the continuing negotiations over his hoped-for bipartisan infrastructure deal with a group of moderate Republican senators. Biden walked his error back, and everyone sounded placated a few days later, and now the process is back on track once again. So far so good. But Biden never needed to get out in front of this issue in the first place, because Speaker of the House Nancy Pelosi had already volunteered to take all the political heat. Which is precisely what Biden will now allow her to do, and what he really should have done from the start.

Read Complete Article »

Call it true irony. The man who had a book ghost-written for him called "The Art Of The Deal" could never actually manage to strike any kind of deal. So the man who replaced him ran on his own dealmaking skills, in a time where pretty much everyone in Washington considered the idea too old-fashioned to ever work. But President Joe Biden just got his first big deal, this week. A bipartisan infrastructure plan is now going to move forward in the United States Senate and has what can only be called a better-than-average chance of passing.

Read Complete Article »

I just read one of the most hopeful articles I think I've ever read about the Democratic Party. Nancy Pelosi and the White House are making a huge push to get all Democrats to get out there and toot their own horns. This really shouldn't be all that amazing -- it shouldn't even be news because it should be so routine -- but it really is, since Democrats have long been particularly bad in this regard. Republicans know how to settle on one songbook and then endlessly sing the same thing from it -- for just weeks on end. But Democrats have never had that singular focus, which is part of the reason why I became a blogger in the first place (in the hopes that they would, eventually).

Read Complete Article »

President Joe Biden had a pretty good week all around. He began the week in Europe, where he met with the leaders of NATO, the European Union, the G7, a few royals (just to mix things up), and Vladimir Putin. That's a pretty packed schedule, but Biden seemed to manage just fine. The Europeans were both visibly thrilled and massively relieved to be visited by a United States president who was, once again, a sane adult (and not a petulant little child-man). They heaped praise upon Biden -- mostly just for being "President Not-Trump." You may laugh, but please recall President Barack Obama won the Nobel Peace Prize solely for being "President Not-Dubya," years earlier. But more seriously, Europe announced some deals with Biden (including, notably, a truce being called on the subsidy war over Boeing and Airbus airplanes). Not only were personal relationships either reaffirmed or begun, tangible diplomatic progress was made. Europe stood as one with the United States over the contentious issues of Russia and China, which only strengthened Biden's position for his meeting with Putin. The Putin summit didn't produce a whole lot in the way of tangible deliverables, but then again it didn't produce an American president willing to believe Russia's ex-K.G.B. leader over his own intelligence services either, so it has to be chalked up as a major improvement. Throughout it all, Biden stuck to one very simple slogan that summed up what his trip was supposed to be showcasing to the world: "America is back."

Read Complete Article »

President Joe Biden wrapped up his tour of Europe today with a personal meeting with Russia's Vladimir Putin and then a solo press conference afterwards (Putin also gave his own solo press conference, before Biden spoke). The summit meeting between the two leaders was built up with breathless anticipation in the political media, but the actual outcome was pretty mundane and more process-oriented than many might have expected. This first meeting was never supposed to be about big breakthroughs or bilateral agreements, it was designed to lay the groundwork for future negotiations and possible cooperation.

Read Complete Article »

President Biden is currently in Europe, in the midst of his first trip abroad since he took office. So the folks at Pew Research decided it was a good time to see how America is now viewed by the rest of the world (or the countries with advanced economies that were surveyed, at any rate). The answers are exactly what you'd expect them to be -- America's standing in the world has dramatically improved, now that a sane adult is in charge of the country once again (instead of an unstable and temperamental toddler).

Read Complete Article »

Progressives such as Senator Bernie Sanders have been pushing for a national $15-an-hour minimum wage for quite some time now. So far, they have been unsuccessful, due both to the Senate filibuster and to corporatist Democrats like Senator Joe Manchin (who, the last time the subject came up, would only even consider raising the minimum wage to $11 per hour). But the natural forces of the marketplace seem to be forcing employers towards this goal anyway, now that they're finding it so tough to hire workers. This shouldn't be all that surprising, because it is basic supply and demand. When the demand (for workers) is high and the supply is low (fewer people returning to work), then the marketplace will do what it always does when the formula is applied to merchandise: prices will rise. Or, in this case, "wages," not prices.

Read Complete Article »

Senator Joe Manchin may have just torpedoed much of President Joe Biden's agenda. He wrote an opinion piece for a local West Virginia newspaper where he reiterated his full support for the filibuster rule as it stands, and announced his opposition to the For The People Act (also known as "H.R. 1" or "S. 1"). His reason is specious, because what it amounts to is that the Republican Party should be allowed to pass as many voter-suppression laws as it pleases (without any attempt at bipartisanship, of course) in all the states where they hold the majority, and Democrats at the national level should do absolutely nothing to stop them -- unless and until 10 Republicans in the Senate see the error of their party's ways and suddenly decide to join with the Democrats in protecting the bedrock of American democracy. This is beyond magical reasoning, it is downright delusional.

Read Complete Article »

The ushers are flashing the lights in the lobby. Intermission is over, and the last act of the "Bipartisan Infrastructure Kabuki" extravaganza is about to begin. Actually, truth be told, we were among those who thought this play would be over by now, but apparently a final act was hastily added at the last minute, for no real apparent reason.

President Joe Biden called Senator Shelley Moore Caputo today, in what most view as the final negotiation attempt which will try to hammer together a compromise infrastructure package that 10 Republican senators will actually vote for. Biden is, in essence, making his final offer. It is eminently reasonable, considering where the two sides started from, but that doesn't mean it will have any chance of success, since Republicans are really just trying to run the clock out and stall for as long as they can get away with before they admit to the world that there simply is no infrastructure bill that 10 Republican senators are ever going to vote for -- at least not while a Democrat sits in the Oval Office.

Read Complete Article »