By the middle of his term, Biden had become a de facto austerity president, overseeing the lapse of welfare state expansions, including not just the loss of the child tax credit and temporary cash relief but the retrenchment of SNAP and the booting of millions off Medicaid, all during a period of unified Democratic control. Gradually, Biden largely dropped the demand for progressive social policy and focused his fiscal discussions instead on the deficit—a repetition of the same posture that had condemned the Obama administration and created the opportunity for the rise of Trump in the first place. Emblematizing this capitulation, Biden decided to cave to corporate wishes for the pandemic to be over as a matter of public policy—particularly public policy that enhanced workers’ labor market power—even as it continued to rip through Americans’ lives. In place of earlier progressive ambitions, Biden offered an economic nationalism more or less borrowed from Trump and a new Cold War liberalism. Imagine if, instead of the Second New Deal, Franklin D. Roosevelt had sought reelection by campaigning on a weapons gap, like John F. Kennedy later would.
Source: dissentmagazine.org