Biden and Trump – Should They Be Forced to Retire?

US President Joe Biden and former US President Donald Trump have one thing in common:  they are old.  Biden is 80 years old and Trump is 76 years old.  Wisdom may come with age, but so do health challenges.  Biden appears to be mentally confused at times, possibly suffering from the early signs of Alzheimer’s and Trump’s paranoia is getting worse.  American media has repeatedly stated that Biden seems to be totally oblivious to major events that threaten the security of the USA, for example, the millions of migrants illegally entering the USA.  Someone may have to drive Biden (and Kamala Harris, his Vice President) to the southern border with Mexico so that they can see for themselves that there is an actual crisis that needs to be dealt with.    

The Democratic Party needs new, younger leadership.  Some excellent potential candidates that could represent the party in the upcoming 2024 presidential election (and possibly win) are:  Senator Cory Booker (New Jersey), Pete Buttigieg – US Secretary of Transportation (Indiana), and Michelle Obama (former First Lady). 

Donald Trump wants to run in the next presidential election representing the Republican Party.  As President, he came up with some excellent ideas such as “Make America Great Again,” promoting US products (rather than those from Communist China).  Unfortunately, his style of leadership was erratic and he was not able to accomplish much.  The Republican Party has some excellent potential candidates that could lead the party to victory in 2024.  Some of these possible contenders are:  Senator Tim Scott (South Carolina), Senator Tom Cotton (Arkansas), and Nikki Haley (South Carolina).

The problems facing America are complex and at times overwhelming:  everything from out-of-control illegal immigration to escalating gun violence.  America has some amazing, talented politicians that could steer the country in the right direction.  New leadership is needed so that America can move forward.  Step one in making that a reality is to stop supporting the status quo and retire both Biden and Trump!

Current Events

America’s Rate of Inflation – Out of Control!

The October 2021 rate of inflation in America hit a 30-year high of 6.2%.  A year earlier, it was only 1.37%.  Americans are paying more for heating fuel, food, rent, gasoline, cars and every other necessity.  Inflation is hitting the poor and the middle class the hardest.  Yet in the midst of such misfortune, Jerome Powell, Chair of the Federal Reserve, and President Joe Biden refuse to address the problem.   The Federal Reserve has intentionally kept interest rates (the cost of borrowing) near zero for the past several years.  Such a policy is unrealistic, as everything has a cost.  This deliberate government intervention is now fueling inflation with no end in sight.  At the same time consumers and businesses as well as governments are taking on massive amounts of debt. 

Jerome Powell believes that the higher interest rates are caused by disruptions in the global supply chain.  This belief, however, does not explain why some cities are experiencing huge increases in real estate costs, sometimes as much as 18% in one month.  Consumers are being lured into paying higher costs with the promise of cheap mortgage interest rates.  Many of these consumers are even getting into bidding wars as they take on massive debt.  Higher real estate costs in turn are increasing rental costs which is pushing more Americans into homelessness.  The average American’s dream of owning one’s own home (at a reasonable cost) is now farther away than ever before!

The Federal Reserve also justifies its interest rate inaction by claiming that it’s necessary to maximize employment.  The policy of cheap interest rates has been used for years, yet as of October 2021, 7.4 million Americans are still unemployed.

Apparently, Jerome Powell is very well liked by Wall Street.  That alone should make one suspicious of his competence in serving the needs of middle-class America.  By February 2022, President Joe Biden has to decide whether or not to reappoint Jerome Powell.  With an approval rating that has hit a new low of 38%, Joe Biden should consider whose interests he wants to serve:  Wall Street or middle-class America!