The midterms are right around the corner, and the Democrats have not kept a lot of Joe Biden’s campaign promises.
So far, President Biden and the Democrats haven’t provided high speed internet access for Americans, or made college free for families making less than $125,000 a year, or made two years of community college free.
They haven’t provided a public health insurance option, like Medicare, to Americans.
They haven’t increased the federal minimum wage to $15 an hour.
They didn’t renew the expanded child tax credit.
There’s more. You can find the status of all of President Biden’s campaign promises on the Poynter Institute’s Campaign Promise Tracker.
Regardless of how you feel about each of those initiatives, those were the promises that got Joe Biden elected.
It’s bad brand management to over promise and under deliver.
And as if that weren’t enough to torpedo the Democrats’ chances in the upcoming elections, there are other image problems.
When House Speaker Nancy Pelosi was asked about banning federal lawmakers from owning individual stocks, she replied “We’re a free market economy,” she said. “They should be able to participate in that.”
Walter Shaub, former director of the U.S. Office of Government Ethics, blasted Pelosi’s reference to the “free market economy” in the first of a series of tweets about the lack of a ban on stock ownership by lawmakers.
“It’s a ridiculous comment!” Shaub wrote. “She might as well have said ‘let them eat cake.’ Sure, it’s a free-market economy. But your average schmuck doesn’t get confidential briefings from government experts chock full of nonpublic information directly related to the price of stocks.”
Since last year, [House Speaker Nancy Pelosi] and her husband Paul Pelosi traded over $50 million in assets, with annualized returns at 69 percent as of October, according to an estimate from the Nancy Pelosi Portfolio Tracker. That’s higher than Buffett, George Soros, Cathie Wood, and other star investors of the past. Members of Congress aren’t required to provide an exact figure for the value of their assets, but Pelosi’s wealth grew by an estimated $16.7 million in 2020, just as millions of Americans fell into poverty and struggled to make ends meet during the COVID-19 pandemic.
And there’s that ultra-conservative Democrat Senator from West Virginia who privately said he was afraid that poor people would spend federal benefits on drugs if they maintained the expanded Child tax credit.
It’s politicians being politicians that got the un-politician Donald Trump elected in 2016. Unless President Joe Biden and the Democrats can deliver on some of their campaign promises in the next eleven months, the Democrats are going to have a bad day at the polls.