Thursday, December 28, 2023

Show strength

President Biden is touting Bidenomics for the increase in manufacturing in the US when in fact much of it has to do with onshorning which will continue far into the future after he is gone. This is the way things are done. The president gets credit for things that go right and blame for things that go wrong. Among the wrong things are two wars and another brewing around the Red Sea with the possibility of a China invasion of Taiwan. In reality Biden gets partial credit and partial blame. The credit is the Chips Act and the Inflation Reduction Act which added to the already hot manufacturing sector and many say it was the perceived weakness of the Biden administration which prompted the bold action taken by Putin in Ukraine and Hamas in Gaza which is now spreading to the Red Sea. Once more America finds out that projecting strength backed up with action is what autocratic governments understand. Trying to reason with diplomacy is often times seen as weakness by autocrats. It is like Churchill said that American can always be counted on to do the right thing after everything else fails. Once again we are coming too late to the dance.

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