With a vote in the Senate, they succeeded in passing legislation packages to protect the environment and lower drug prices. A law was also signed that will confront China in the technology war, reduce inflation and increase the approval level of the Administration.
Planets aligned for the American president. He had a great week. and until His Republican opponents, who called him “sleepy Joe”, had to surrender to the evidence that he was “wake up.” . It received the approval of a very important package of measures for the protection of the environment and the decrease in drug prices. He also signed the law to subsidize semiconductor production, which is necessary in the fight between the United States and China to see who leads the world in the second half of this century. He signed another law yesterday expands healthcare for veterans serving at Iraqi military bases affected by toxic smoke from “burning pits”, It’s a very expensive undertaking for someone who lost their eldest son to lung cancer after serving in that country. Inflation fell this month. At the age of 79, he survived a severe Covid that mistreated him for three weeks. Y The approval rating rose, giving Democrats hope for a better midterm result for the first time in months. It will be held on 8 November.
Happy, Biden took Marine One last night, the presidential helicopter and Went on vacation for a few days on Kiawah Island off the coast of South Carolina a “resort” where you can relax in the sun, play golf and watch on TV how your main rival, Donald Trump, is having his worst days, more and more blurred by the testimonies against him. In the Senate trial for the capture of the Capitol, and FBI searches for magnificent Mar-a-Lago residence .
Just three weeks ago, obituaries were being written in the American press. Biden’s numbers in the polls have fallen below even the very malicious Trump . They had forgotten that he was the person with the longest legislative experience of all who reached the White House. In less than two years, he achieved the success of either Barack Obama or Bill Clinton, the eighth. And he explained himself that he had accomplished this by forgetting that he had been a Senator for years. He did this like a president, letting the negotiations go the very private ways of congressmen in Washington, and succumbing to matters that mattered the least to him. The result was this almost miraculous recovery and a return to the “moderate optimism” that his party had lost. .
The Senate on Sunday approved the bill, which is expected to be passed in the House of Representatives this Friday. It was Kamala Harris, Vice President who had to break the parity between the upper house and the Democrats. They won the massive $750,000 million package 51 to 50. This reverses many of Trump’s denial measures on climate change.
The broad bill called the Inflation Reduction Act, Largest investment in environmental protection in United States history . It also brings significant changes in health policy, giving the national health insurance program Medicare for the first time, power to negotiate prices of certain prescription drugs and extend health subsidies for three years . The legislation will reduce the deficit and increase the collection capacity of the Revenue Administration as it will be paid with new taxes, including a 15% minimum tax on large companies and a 1% tax on share buybacks. The purpose of the law is to generate more than $700,000 million in public revenue in 10 years. .
The final approval came after a known series of contentious votes on the changes. “oy-a-rama” After nearly 16 hours of difficult negotiations with two rebellious Democrat senators defending mining interests, Joe Manchin from West Virginia and Kyrsten Cinema from Arizona . Biden had to forgo a special tax percentage and part of individual income tax rates in these two states. With this, he also got the final vote he needed in the lower house of congress, and an important provision for it. limit insulin price from $35 per month private health insurance market
The Republican leader of the Senate, Mitch McConnell, launched the traditional grievances of ultra-conservatives and “Trumpists” like himself. they said they were hiding “Huge tax increases that kill jobs”, that the law is equivalent “A war on American fossil fuels” and these democrats “They don’t care about the priorities of middle-class families.” But he could do nothing to stop the victory of his opponents, who finished the legislative marathon with a very unusual applause.
Biden’s joy on the day he signed the so-called deal was undeniable. “Chips plus” law, This is the first major American industrial policy initiative since Ronald Reagan’s response to the rise of Japan in the 1980s. It spends tens of billions of dollars on public scientific research, the kind of initiative that sparked the space race in the 1960s and continues to create the internet. A $52,000 million fund to attract computer chip manufacturers that have focused on Asian markets with cheap labor over the past two decades. Biden sought the law “A once-in-a-generation investment that will bring jobs back to America and lower costs for consumers.” . There are already movements in this direction, the huge Micron Technology that produces memory for computers and phones, It will invest $40,000 million over the next 10 years in research laboratories that will create 40,000 jobs for specialist engineers. . A hard blow to China’s desire to stay global in this industry.
The next day it was time to sign another fundamental law for the war veterans in Iraq and himself. Draws attention to those affected by toxic emissions from “fire pits” used to dispose of chemicals, tires, plastics, medical equipment and other waste from military bases. His own son Beau Biden was affected by these poisons and died of cancer. The wife of another wounded soldier, who was with his orphaned daughter Brielle, spoke at the ceremony. The president, visibly impressed, hugged the girl and her orphaned granddaughter, who was with her.
At the same time, another good news came that sparked a rally in Wall Street stocks. Inflation declined from 9.1% in June to 8.5% in July. Although it continues at the highest levels of the last 40 years, it is the first drop after a few months of rise. They contributed to the drop in oil prices, but food increased 0.3% – an enviable level for other countries like Argentina and Venezuela, but not for the United States – and this worries the Treasury Department a lot. To see the long-term effect, Biden knows he has to get through this already complicated winter in Britain and Germany. A noticeable increase in food and energy prices is expected as a result of the recession caused by the pandemic and the war initiated by Vladimir Putin in Ukraine.
Analysts said yesterday from lower Manhattan: “The downward trend will continue as a result of the slowdown in economic activity, the stabilization of commodity prices and the rise in interest rates.” . They predict that the same factors will lead to moderate price increases in almost all countries from January next year.
And when nothing seemed to make it past the senior president’s “super week”, the results of the latest Reuters/Ipsos poll came to light. The approval rating had reached its highest level since the beginning of June. 40% of Americans approve of Biden’s performance. Not for uncorking a very stale beverage from the White House cellar, but the needle rose for the first time since he became president . Nor are they clearing the political landscape. It may even be the last bite of the golden apple. If Democrats lose control of Congress in November, as polls predict, GOP leaders will ensure nothing else goes into effect for the rest of Democrat’s term .
The common feature of this streak of Biden’s victories is, these are long games . They are not intended to make an immediate electoral profit. None of them will have a major impact on voters’ opinion in the months ahead. Inflation will continue to be a problem. As well as the violence and massacres in the streets. The war in Ukraine will continue to take a lot of dollars and effort. All this could be a Pyrrhic victory. But it also shows that he’s “sleepy Joe.” He has the ability to “wake up from his nap” from time to time and inflict heavy blows on his opponents. . He is a long distance runner. And the marathon only ends at the end of 2024.
Source: Info Bae