There’s a great line at the beginning of Indiana Jones and The Last Crusade that has always stuck with me. After a young Indiana has been thwarted in acquiring a priceless artifact, the antagonist tells him, “” You lost today, kid, but that doesn’t mean you have to like it. ”
We all know what’s coming in the Biden Administration. The Egalitarian Empire prepares to level all standing in its way, remaking society in a more equitable format (anti-white), starting with the economy:
Power will movefrom Wall Street to Washington over the next four years.
- That’s the messagebeing sent by President-elect Biden, with his expected nomination of Wall Street foe Gary Gensler to head the Securities and Exchange Commission, and by Sen. Sherrod Brown (D-Ohio), incoming head of the Senate Banking Committee.
Why it matters:Biden is charting an economic policy that’s visibly to the left of Bill Clinton and Barack Obama. If he succeeds, it’s going to show up not only in taxes and spending, but also in regulation.
Who to watch:Biden is being pulled to the left on economic policy not only by the Democratic Party, but also by economic orthodoxy.
Led byincoming Treasury Secretary Janet Yellen, the economic policy team has signaled that it will be the first administration ever to construct economic policy around issues like race, gender equality and climate change, rather than around traditional indicators like gross domestic product or deficit ratios.
Gensler has a skepticism of Wall Street learned the hard way — in the halls of Goldman Sachs. He won’t be snowed by bankers trying to tell him that they know better than he does [4. Wall Street power shift, Axios.com, January 16, 2021]
“… construct economic policy around issues like race, gender equality and climate change, rather than around traditional indicators like gross domestic product or deficit ratios.”The other nations of the world and their economic policies can’t wait to decouple from the hilarity of contemporary US economic policy, where issues like race and gender equality (anti-white) will be a greater indicator than GDP or deficit ratios.But we will continue to believe “diversity is our greatest strength” as our economy goes into the red, as our cultural and political direction goes directly into the black.Ultimate lesson? Don’t like what’s happening now. We may have lost for now, but that doesn’t mean you have to like it.
Courtesy of UNZ.com
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