BTRTN: Not the End of Biden's Beginning
Born To Run The Numbers measures Joe Biden against Winston Churchill's famous benchmark, finding that the current administration is two infrastructure bills away from the "end of the beginning." Read BTRTN's October in Review here:
http://www.borntorunthenumbers.com/2021/11/btrtn-not-end-of-bidens-beginning.html
Excerpts: "Winston Churchill was on a losing streak in 1942...the Germans rolling through France and North Africa, their U-boats destroying convoys carrying tons of desperately needed supplies across the Atlantic... the galling surrender of 130,000 British troops in Singapore after desultory and brief fighting, and more. But finally, in June, British forces defeated Erwin Rommel at El Alamein, a momentous event that brought forth another of Churchill’s most memorable quotes: “Now this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning..."
Biden’s El Alamein – what he needs to end his losing streak -- are his two massive pieces of legislation, the $1.2 trillion 'hard' infrastructure bill, and the $1.5 to $2 trillion 'soft' infrastructure bill. As of this date, the hard bill has passed the Senate in bi-partisan fashion with room to spare, and has majority support in the House. The 'soft'' bill is still being negotiated. Biden announced a $1.75 trillion framework for the soft bill that appears to have broad support. It received the endorsement, at long last, of the House’s progressive wing, but nailing down an agreement remains maddeningly elusive.
And so Biden is not having his El Alamein moment as yet...
