Somehow low-key Joe Biden gets yawns when he promotes progressive policies that would generate howls if promoted by a President Sanders or a President Warren.
This moment is like 1981, the dawn of the Reagan Revolution, except in reverse. It’s not just that government is heading in a new direction, it’s that the whole paradigm of the role of government in American life is shifting. Biden is not causing these tectonic plates to shift, but he is riding them.
Reaganism was the right response to the stagflation of the 1970s, but Bidenism is a sensible response to a very different set of economic problems. Let one set of statistics stand in for hundreds: According to a team of researchers led by Raj Chetty, in 1970, 90 percent of 30-year-olds were making more than their parents had at that age. By 2010, only 50 percent were.
There was a premise through American history that if you worked hard you would earn economic security. That’s not as true for millennials and Gen-Z, or many other people across America.
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