Adults supervision back in the White House, Joe Biden is the 46th President of the USA. The inauguration brought a tear to my eye. I haven't been moved to tears, so much, since the last episode of the Repair Shop. New eyes, on an old Teddy Bear, always a tear jerker.
Old eyes on new challenges, an inspiration. The Biden Harris ticket is taking all the right steps, ticking all the boxes. A clear plan for Covid a priority. FEMA engagement, at Federal level, long overdue. Now even Anthony Fauci has a smile on his face. He admits working under Biden has that liberating feeling. It must be a shot in the arm, vaccine not bleach, of course.
The world welcomes back Uncle Sam. The US will rejoin the World Health Organization and commit once again to the Paris Climate Agreement. Biden will commit to Comax, the WHO effort to ensure a vaccine is made available to middle and low income countries. The decision on the Keynote pipeline will be reversed. The sale of sacred tribal lands to a fracking consortium now no longer a possibility.
A big economic stimulus underway. Janet Yellen promises big spending now, to avoid greater pain later. Jerome Powell at the Fed, is committed to monetary financing of fiscal deficits. The possibility of interest rates hikes pushed beyond the near term horizon.
No Muslim travel ban. No money for the Mexican wall. A return to a nuclear deal with Russia on the cards. A return to the international agreement with Iran, a probability. A commitment to NATO, Europe and traditional allies in the plan. We hope for rapprochement with China. An era of co-opetition the mantra. The era of competition left behind. A recognition, the Thucydides Trap is not written but as a warning ...
Trump has returned to Florida. The Senate impeachment trial will begin next month. A ban from ever taking public office again the prize. Former White House Chief of Staff, John Kelly told CNN, if it was up to him, he would vote to remove Trump. Former Attorney General Bill Barr, accused the President of "orchestrating a mob to pressure Congress". He went on to call his conduct a "Betrayal of Office".
There have been public appeals for Republican lawmakers to take action against Trump. Even the Proud Boys are surrendering support. "Trump will go down as a total failure" the message on Telegram. No more hails to the chief, hailstones and brickbats to follow ...
That's all for this week, stay safe, hands, face and space ... it's tough out there, stay in touch ...
The Saturday Economist
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