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Three policies that the Biden administration considered working on and then discarded/pared down: 1) Jones Act Repeal 2) Permitting Reform 3) Zoning initiatives All 3 (!) would’ve boosters for CHIPS & the IRA plus had downward pressure on inflation

Quote

Armand Domalewski

@ArmandDoma

Nov 18

Joe Biden considered endorsing Jones Act Repeal?!?

4:27 PM · Nov 18, 2024

178.4K

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David Watson 🥑

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All because they were scared of upsetting a coalition member. And you probably could’ve gotten bipartisan movement from all three initiatives as well. Obviously the Bipartisan Permitting Reform bill already exists & you have

&

’s YIMBY Act too

This is a different thing from abundance cramping, but that unions-above-all mindset is arguably or at least partially what cost him Musk's ire, and brought whatever downstream effects.

It’s why Musk was invited to the EV Summit at the WH despite being the owner of the largest EV company in the U.S. & was also a small part (more so the antitrust folks) for why Starlink was blocked from competing for rural broadband contracting out of the IRA

Influencer MGMT

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Two Things: 1) It was good goals of the Biden Administration 2) None of them would have made any dent in 2021/2022 inflation.

The Jones Act one may have had some immediate benefit (not a ton, but some)

Casey “War Path” available on Prime/Tubi!!

Forgive me but what does the Jones Act do?

No forgiveness needed, it’s a relatively obscure thing to know! The Jones Act was passed in the 1920s, among the many things it does one of the biggest is ban non-US made ships from moving cargo between U.S. ports. So no foreign built/operated ships can conduct that cargo

DC, Last Legion, Infinity Redux

@DerektheCleric

It was never about lowering inflation

@CricketSurfing

1, 2, and 3, I would have endorsed enthusiastically. The CHIPS and IRA, not so much. There is too much corporate welfare there.

They should have done all three. Instead they decided to announce an unworkable tax on unrealized capital gains.

Hey man he has to protect his core base, union voters, surely they repaid him with supporting Dems in 24, right?

kevinhasquestions

What are you referring to for (2)? The bill from Manchin and Barrasso was introduced this year, and the debt limit bill had permitting reform in it.

utilitydive.com

Biden set to sign debt limit bill with permitting reform as lawmakers eye more energy infrastruct...

“The siting and permitting elements of the package make important improvements that will help to expedite the process for building new — and updating existing — energy infrastructure,” EEI’s Brian...

Keith McCullough

@KeithMcCullough

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Legal Immigration reform early on also ran into this issue - they had a Exec Order ready to go that Biden wouldn't sign and got left behind the others in the package.

@spokanerising.com on Bluesky

Ron Klain would have figured it out.

@Orlando74180344

And would have helped with Latinos

Skyler Politics

So annoying.

Americans don't vote on policy. They vote on emotions.

Zoning? Like who can park where?

Run them out of politics

GIF

Old Man Henderson

pain

Politicians being scared of the electorate just to go on and lose anyway, part

. With hindsight, you know he would have done all these or tried to.

IWantRankedChoiceVoting

Bruh, all A+ policies.

Keith McCullough

@KeithMcCullough

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I started Hedgeye in 2008. Back then, the U.S. economy was suffering its biggest downturn since the Great Depression and we were bearish. The stock market fell over 50% from October 2007 to March 2009. Bullish pundits on

, like

, walked A LOT of investors off a

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americansattire

@americansattire

Absent really detailed wonky explanation that looks like…not fighting for the the people.

Dylan Frendlich

Holy shit why? This is what we wanted. This is what young people want. We want zoning reform. We want cheaper housing. We want to not be suffocated to death by high entry costs.

Ideology is destroying America bit by bit.

Alexander Bryant

@AlexanderB6024

Glad we kept the jones act. They want everything to be foreign

@AndreNikolai92

But do not forget, Biden got very strong support from Unions and Working Class Voters, especially minority Working Class voters in exchange for that, right? ....right?