Steven Roberts: Biden leaves stained legacy to worst enemy - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Economic News
Newswires RSS Get our newsletter
Order Prints
December 21, 2024 Newswires
Share
Share
Post
Email

Steven Roberts: Biden leaves stained legacy to worst enemy

Bobby BurnsRocky Mount Telegram

As he enters the final month of his first and only presidential term, Joe Biden is speaking to history, emphasizing the positive side of his legacy while he can still command an audience.

Biden rightly boasts that he's leaving his successor a strong economy — perhaps the best in the world. Inflation is under control, gas is down to $3 a gallon and the Federal Reserve has already sliced interest rates twice this fall.

Unemployment is holding steady at 4%, and Biden's most enduring achievements — major investments in infrastructure upgrades, computer chip manufacturing and clean energy innovation — will generate economic vitality for years to come.

But one fact threatens to overshadow those positives and indelibly stain his reputation. Biden hands that economy over to Donald Trump, a man he repeatedly denounced as a profound threat to the foundations of democracy. And it was Biden, more than anyone else, who made Trump's triumph possible.

As Democratic strategist David Plouffe puts it, the president committed the "cardinal sin" — running for a second term when his mental and physical decline was already well advanced, and then stubbornly refusing to quit the race until midsummer, so the party had no choice but to anoint Vice President Kamala Harris as candidate instead of holding a primary.

It was an act of supreme selfishness and self-delusion that doomed his party from the beginning. There's no guarantee that a younger, fresher Democrat — especially a governor with no ties to Washington or a deeply unpopular president — could have beaten Trump. But they would have had a much better chance than Biden himself or his vice president, who could never escape her ties to the incumbent.

Franklin Foer, author of a book about the Biden White House, wrote in the Atlantic: "Joe Biden cannot escape the fact that his four years in office paved the way for the return of Donald Trump. This is his legacy. Everything else is an asterisk."

That's largely — but not completely — true. Biden has always been a union man focused on creating good-paying jobs for the working-class folks he grew up with in Scranton. And he's entitled to chide his Republican foes who voted against his economic initiatives and now embrace the benefits they will produce.

"Some of my friends in the Republican Party ... they're against all the things we did. Keep your eye on them," Biden said during a speech at the Brookings Institution about his economic legacy. "Tell me when they want the programs we voted for them to (be) cut in their states. Show me the most conservative Republicans willing to take away the factories that are going to be built in their states.

"Going to be interesting," Biden said. "Going to be interesting."

He even taunted Trump, who has vowed to roll back many of Biden's policies: "Will the next president stop a new electric battery factory in Liberty, North Carolina, that will create thousands of jobs? Will he shut down a new solar factory being built in Cartersville, Georgia? Are they going to do that?"

Here's the problem: Notice that Biden says his programs "will create thousands of jobs" — but that's in the future. His economic successes came too late to save his party politically, and how they will affect his legacy is still an open question.

There are other questions as well. Biden was good at creating jobs, but not joy; at encouraging industry, but not inspiration. He was handed a nation soaked in pandemic gloom that he was never able to dispel. On Election Day, 68% of voters viewed the economy negatively — and those pessimists went 70% to 28% for Trump.

Then there is his decision to pardon his son Hunter, who was facing jail time for tax- and gun-related crimes. Many parents could sympathize with Biden's instinct to protect his child, but his real sin was not devotion, it was deception.

"The problem that President Biden has legacy-wise is he said he wouldn't pardon his son," presidential historian Douglas Brinkley told USA Today. "He gave his word, crossed his heart, and then alas, he ended up doing it."

Judgments must be tentative as a president leaves office. History has a way of burnishing reputations as time goes by. Harry Truman is held in much greater esteem today than when he left office in 1952. Even many Democrats now grudgingly respect Ronald Reagan's policy of peace through strength.

But as he departs, we know two things for sure about Biden: His economic policies have largely succeeded. And his political mistakes helped leave that economy to his worst enemy.

Older

Millions will see rise in health insurance premiums if federal subsidies expire

Newer

Roberts: Health care doesn't grow on trees

Advisor News

  • When new investment trends emerge, Gen Z is most likely generation to be first in
  • Could ‘plain English’ become an advisor’s secret weapon?
  • IRI urges Senate action on 403(b) parity legislation
  • Three estate planning ideas to protect your clients and their wealth
  • What advisors must know about accessible client documents
More Advisor News

Annuity News

  • NUNN INTRODUCES BILL TO CUT RED TAPE, GIVE IOWANS CLEARER INSURANCE INFORMATION
  • NAIC working group pressed to accelerate annuity illustration overhaul
  • State Auditor James Brown Kicks Off Life Insurance Awareness Month With Policy Locator Tool
  • Wink: Annuity sales post strong Q2, led by MYGAs and structured products
  • Legacy Marketing Group partners with Malibu Life USA for annuity launch
More Annuity News

Health/Employee Benefits News

  • New Data from Zhejiang University Illuminate Findings in Science (Does long-term care insurance affect labor supply? Empirical evidence from China): Science
  • CT Sues Trump Administration Over Medicaid Funds For Gender-Affirming Care
  • Data on Diabetes Research Described by Jeff Romine et al (Insurance-Provided Grocery Assistance and Health Care Outcomes Among Patients With Diabetes): Diabetes Research
  • Recent Findings from Hackensack Meridian School of Medicine Advance Knowledge in Mental Health Diseases and Conditions (AMCP Market Insights: Optimizing managed care approaches to treatment-resistant depression): Mental Health Diseases and Conditions
  • AM Best Affirms Credit Ratings of Sammons Financial Group, Inc. and Its Subsidiaries
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • Do You Qualify for Any of September's Class Action Settlements?
  • AM Best Affirms Credit Ratings of Sammons Financial Group, Inc. and Its Subsidiaries
  • NUNN INTRODUCES BILL TO CUT RED TAPE, GIVE IOWANS CLEARER INSURANCE INFORMATION
  • DLA Piper adds former NAIC CEO Gary Anderson to its Insurance practice
  • Security Benefit Extends Sponsorship of Professional Golfer Gary Woodland Through 2030
Sponsor
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Classic Car Insurer OpenRoad Insurance Expands to 40 U.S. States in Two Years
  • How Aspire General Turned an Early Technology Bet Into Claims Automation at Scale with Kyber
  • Adjusto launches AI-Native contents claims services powered by its technology platform
  • URL Insurance Group Celebrates 40 Years of Service, Growth, and Industry Leadership
  • MassMutual Ascend Surpasses $2 Billion in Lifetime Advisory Annuity Sales, Reflecting Continued Momentum in RIA Channel
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.