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Were The American Rescue Plan and the IRA Political Failures?

 Member Newsletter
November 18, 2024 11:32 a.m.
WASHINGTON, DC - AUGUST 16: U.S. President Joe Biden (C) shakes hands with Sen. Joe Manchin (D-WV) (L) after signing The Inflation Reduction Act with Senate Majority Leader Charles Schumer (D-NY) and House Majority W... WASHINGTON, DC - AUGUST 16: U.S. President Joe Biden (C) shakes hands with Sen. Joe Manchin (D-WV) (L) after signing The Inflation Reduction Act with Senate Majority Leader Charles Schumer (D-NY) and House Majority Whip James Clyburn (D-SC) in the State Dining Room of the White House August 16, 2022 in Washington, DC. The $737 billion bill focuses on climate change, lower health care costs and creating clean energy jobs by enacting a 15% corporate minimum tax, a 1-percent fee on stock buybacks and enhancing IRS enforcement. (Photo by Drew Angerer/Getty Images) MORE LESS

I’ve written in general against post-election recriminations since November 5th. This post may seem like one such recrimination on the surface. But I think if you bear with me, you’ll see that it’s really not. I should be clear, too, that being anti-recriminations, whatever that might mean, doesn’t or shouldn’t mean people shouldn’t try to figure out what was done right or wrong, criticize whoever needs to be criticized. Of course they should. What it means to me at least is that in the desolation of a really, really hard defeat, a very consequential one, people shouldn’t rush in to take shots at the folks they’ve always had it in for, using the devastation less as a wound to overcome than an opportunity for the old score-settling.

So here’s the issue I want to discuss.

Until his campaign began to come undone this last summer, it was widely understood and accepted among Democrats that Joe Biden, to the surprise of many, was the most progressive Democratic president, with the most consequential progressive legislative agenda, in at least half a century. This was widely believed because it was unquestionably true. Because of a series of decisions by both Biden and Sen. Bernie Sanders, Biden ended up governing with a trimmed down version of the legislative agenda of the progressive left. What counts here as “trimmed down” is obviously a pretty critical question. There was no Medicare for All. But on lots of policy and regulatory positions, the left’s agenda was Biden’s. This isn’t just me saying this. Ask Bernie Sanders, or at least ask him until a week ago. The point I’m making here really isn’t open to much debate.

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