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"Sometimes events are beyond a new president’s control. Sometimes they are unforced errors of his own making. But presidents don’t simply make history. Often, history comes at them fast." https://www.bloomberg.com/opinion/articles/2021-01-24/crises-awaiting-biden-china-crime-and-new-strains-of-covid
The fiscal and monetary policies favored by Biden's economics team — deficits and quantitative easing as far as the eye can see — will widen the country’s already wide inequalities by cranking up further the prices of real estate and financial assets. https://www.bloomberg.com/opinion/articles/2021-01-24/crises-awaiting-biden-china-crime-and-new-strains-of-covid
But the left wing of the Democratic Party cares more about identity politics than working-class living standards, so they will be fed a steady diet of green new dealing, critical race theory and transgender rights. Welcome to the ESG administration. https://www.bloomberg.com/opinion/articles/2021-01-24/crises-awaiting-biden-china-crime-and-new-strains-of-covid
Then there's the deterioration of the public-health crisis in the coming weeks as new strains of SARS-CoV-2 spread across the U.S. https://www.bloomberg.com/opinion/articles/2021-01-24/crises-awaiting-biden-china-crime-and-new-strains-of-covid
What happens when you announce your plan to relax immigration restrictions and give illegal immigrants a pathway to citizenship? The answer is that the flow of would-be migrants increases. https://www.bloomberg.com/opinion/articles/2021-01-24/crises-awaiting-biden-china-crime-and-new-strains-of-covid
What happens when you come to power after a wave of protest that was marred by violence, vandalism and looting and slogans such as “Defund the Police”? The answer is that you inherit a wave of violent crime. https://www.bloomberg.com/opinion/articles/2021-01-24/crises-awaiting-biden-china-crime-and-new-strains-of-covid
Finally, at some point there will be a crisis over Taiwan, North Korea or the South China Sea. Then we'll discover if the strange pageant we saw last week was morning in Joe Biden’s America, or the twilight of the late-Soviet United States. https://www.bloomberg.com/opinion/articles/2021-01-24/crises-awaiting-biden-china-crime-and-new-strains-of-covid
