Nope. See below and use sources that are reputable:
Folks: When friends say Biden hasn’t done much, send them this from the conservative Bloomberg News :
Bloomberg news:
7 March 2024
“It’s not as if Biden has been sitting on his hands; he’s issued well over 500 executive actions on immigration. But rules lack the sticking power of laws, and they don’t come with the resources needed to execute them properly. Under Trump’s sway, a recalcitrant Republican majority in the House of Representatives effectively derailed bipartisan reform legislation that was making its way through the Senate. Until that logjam is broken, the US immigration system and the border it defends will remain a disaster
Access to affordable health care is Biden’s crowning achievement. The number of uninsured Americans hit an all-time low of 7.2% in the second quarter of 2023, while the number of people who signed up for an Obamacare plan for 2024 surged to 21.3 million.
At the start of Biden’s term, about 12 million Americans had health insurance through Obamacare, or more formally, the Affordable Care Act — and that level hadn’t changed much since 2015, two years after the public marketplaces opened. When the ACA passed in 2010, 22.3% of working-age people were uninsured compared with just 10.4% now.
Many of the new enrollees live in Republican strongholds such as West Virginia and Louisiana, where sign-ups increased 80% and 76%, respectively. Texas and Florida each saw enrollment increases of roughly a million people as well.
his climate policies will be judged on the glacial metrics of emissions and temperatures. For now, it’s all about how much money is being spent. On that measure, he has sparked a revolution.
US energy transition spending topped $303 billion last year, according to BloombergNEF. That’s a record and two-thirds higher than before Biden entered office. Excluding power-grid projects, which enable but don’t serve only zero-emissions energy, spending exceeded $200 billion, more than double 2020 levels.
The US was in the midst of its worst spasm of violence in decades when Biden took office, with the homicide rate rising 29% in 2020. It rose again slightly in 2021, but started to fall that autumn. There was a slight year-over-year decline in 2022, then an 11.8% drop last year — the sharpest on record — according to estimates by AH Datalytics.
How much credit does Biden deserve for this? If you believe increased funding for police reduces crime (and I do, with some caveats), definitely some. Biden’s 2021 stimulus bill included an unprecedented $350 billion for state and local governments, which he strongly encouraged them to spend on law enforcement.
“We should all agree the answer is not to defund the police,” Biden said in his 2022 State of the Union address. “It’s to fund the police. Fund them. Fund them. Fund them with the resources and training — resources and training they need to protect our communities.”
Biden may have finally found the labor market’s sweet spot. The economy added 14.8 million jobs over the first three years of his term, more than any president in US history over the same period. What’s more, unemployment has held below 4% for the longest stretch since the 1960s. Yet many workers have been dissatisfied as soaring inflation wiped out wage gains and then some in 2022. Last year, though, income increases began to outpace price increases.
America’s cost of living, which surged to a four-decade high during Biden’s first two years, is poised to return to its pre-pandemic level this year — when family wealth across income groups is more robust than at any point in the new century.
For a supposedly unpopular president, the US stock market sure seems to like Biden.
Since his inauguration, the S&P 500 Index has returned about 45%, more than double the total returns of the rest of the world’s developed-market equities.
The good news is that ebbing inflation has allowed the Fed to begin contemplating easier policy, helping mortgage rates retreat from 2023’s highs. By the time Biden leaves office, the bond market probably won’t look quite as ugly as it does today.
