America On Fire
Andrei Bogolubov
August 19, 2024
After a catastrophic debate and backstage power struggle, Joseph Robinette Biden told the American people that the time has come to pass the torch. And as his anointed successor would say, that time is now, in a historic concession speech at the Democratic National Convention.
Torch is apt as a metaphor for the agenda that has been pried from Biden’s grasp and passed to Kamala Harris. As carried out under two presidents over 16 years, the Democratic Party agenda has not so much transformed America as set it ablaze.
Inflation — Financial Insecurity
Massive overspending by the Biden administration unleashed inflation that is crushing the finances of working people and middle-income families. Wages have not kept pace with prices and Americans are struggling to pay for food and gas. They have taken on debt, tapped savings and retirement accounts while living precariously from paycheck to paycheck. High interest rates designed to tame inflation have wreaked further havoc on personal finances. For many, the dream of home ownership has gone up in smoke.
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