What President Joe Biden Must Solve
Joe Biden elected president of the United States.
Trump’s victory four years ago took everyone by surprise. Now it was not clear to anyone that Trump would not be president again, but it has not been possible and Biden has won the elections in the United States. The situation is very different from when Trump won and now with Biden’s victory we have to consider the challenges he faces after the elections.
The economy in the time of COVID
Biden has to face the coronavirus pandemic first and address more measures to prevent its contagion, such as the use of masks in public, carry out free tests to all citizens or hire trackers. Accompanied by all this, it is clear that Biden has to overcome many problems at the economic and social level. The US economy has always gone according to its own dynamics, that is, Wall Street has shown no concern for Biden’s victory. Well it has to get to reduce the unemployment rate, which is now 8 percent, and recover GDP growth with the great decline suffered by the negative effects of the coronavirus pandemic, they will be objectives that will mark the mandate of Good. Another area of Biden’s action in the United States economy is tax policy, which should be maximized if in the end there is an increase in the tax burden, as has been hinted at in the campaign.
Biden’s economical solutions of more spending and more taxes are usually not very good. Raise taxes in times when you need to resume activity. Impulses are needed to create more work because it is not what results. Remember that before the pandemic, the US already suffered a high deficit, and now it will be higher. With Trump as president, the para was reduced to a historically low level, and many of his measures were successful. Biden’s measures, closer to European policies, are not very productive. We can see how Europe is going, with high deficits, high taxes, very high public spending and little innovation.
Challenges in emigration and the health system
Biden’s social policy is going to be very different from what Trump has carried out when it comes to immigration and healthcare in the United States. Biden has exposed in his campaign that he will regularize more than 11 million without papers. In the campaign, he vowed to reverse the Trump administration’s policies that have separated parents from their children at the borders of the United States. On the other hand, in terms of health, Biden will continue with Obama’s health care system, called Obamacare, which Trump tried several times to repeal. Although Trump managed to shed and make-up part of the healthcare system project.
Reclaiming the international relations that Trump set about destroying
With Trump, the diplomacy of the United States has not been one of his characteristics, since he has dedicated himself, in his mandate, to convulse the entire world, but for Bien it will not be difficult to recover the different relations. The international policy of the United States has always been characterized by not having many changes in successive administrations. Now, Biden States have to recover relations with Europe, recover the measures of Iran’s nuclear race, or recover the Paris Agreement on environmental issues, among many others. For US diplomacy, Asia is the main objective, with Iran in the Middle East and China, with whom a new cold war has started. On the other hand, Trump’s agreements with Saudi Arabia should maintain a continuity path, since it is the traditional enemy of Iran, and it is a determining factor that cannot be ignored.
In his speech on Friday, the president of the Federal Reserve of the United States, Jerome Powell admitted that, although Read more
Data published today for China's foreign trade in September show a decline. Imports fell 8.5% and imports fell 3.2%. These Read more
I found this CNN article in Spanish, in my opinion very successful that I repeat here and talk about second Read more
The economic data corresponding to retail sales have just been published in September in the US, -0.3% monthly. Bad data, Read more
The German economy shows signs of weakness again. The signals that are received on the progress of the German economy Read more
The UK Government Minister, Michael Gove, announced on Sunday that Brexit will be held on October 31, despite British parliamentarians Read more
The growth of the Gross Domestic Product (GDP) of China, the second largest world economy, slowed in the third quarter Read more
Slight decrease in consumer confidence in the United States. Citizens begin to hear that there are problems, even so the Read more
The exchanges continue to mark historical highs as rumors are heard about the trade agreement with China, but the reality Read more
A few years ago Boeing was the most important aeronautical company on the planet. being the most important civil constructor Read more