Posted December 02, 2024
By Matt Insley
Biden “Trump-Proofs” Hunter (And More)
Well, that was fast…
Apparently, soon after pardoning a duo of turkeys, President Biden completely reneged on his promise NOT to pardon his miscreant son Hunter.
Over the weekend, we learn the nothing-to-lose president granted his son a “full and unconditional” pardon. (Something tells us this won’t be the last time Hunter Biden runs afoul of the law. Stay tuned… )
As Joe Biden limps to the finish line, the president finds himself sidelined, watching his political legacy disintegrate while Donald Trump prepares to reclaim the White House.
The 82-year-old Biden, who reluctantly abandoned his re-election bid, is now desperately attempting to protect his so-called achievements from potential reversal.
But Biden's last-minute efforts to distribute federal funds and confirm judicial appointments appear more like panic than strategy.
As for distributing federal funds, Biden is intensely focused on infrastructure spending for several key reasons:
- Legacy preservation: Team Biden is working to solidify the outgoing president's legacy by ensuring that projects funded under the $1 trillion Infrastructure Investment and Jobs Act (IIJA) will endure beyond his term. By accelerating the distribution of funds, Biden aims to make it harder for Trump to rescind or redirect these investments.
- Time pressure: With Trump set to take office in January, the Biden administration is racing against the clock. Transportation Secretary Pete Buttigieg emphasized the urgency on IIJA spending: “Let's make every day count.” But what about making every cent count?
Remember, by disbursing earmarked funds widely — whether from IIJA, the Inflation Reduction Act or otherwise — Biden wants to outrun Trump’s efforts to reverse or redirect funding.
And then there’s the race to judicial confirmations…
Your Rundown for Monday, December 2, 2024...
“Trump-Proofing” to Deter Immigration Reform
The White House is pushing to confirm as many federal judges as possible before the end of Biden's term. This urgency has led to late-night Senate sessions and procedural battles with Republicans.
(While Biden has come close to matching Trump's first-term judicial appointments, four appellate court nominees remain unconfirmed.)
This rushed strategy indicates a desperate attempt to reshape the judiciary rather than a well-planned approach for the benefit of citizens.
- In short, Team Biden’s blind panic to cement policies, spending and the judiciary suggests that voters might actually prefer a reset for policies — policies that many Americans believe have weakened national sovereignty and economic independence.
But Team Trump, too, promises swift action. Plus? A return to putting American interests first…
Trump's immigration plan, for instance, prioritizes a systematic approach to border security, targeting illegal immigration with tactical detention and deportation measures.
Where Biden's administration caved, Trump intends to implement decisive border-control strategies that prioritize national security and legal immigration processes.
Meanwhile, Biden has attempted to “Trump-proof” immigration policy by halting the expansion of ICE detention facilities and by implementing new border processes that incentivize arrivals at ports of entry.
As for criminal justice reform, Trump will likely emphasize law and order — including the expansion of the death penalty — potentially reversing what many Americans view as a soft approach to sentencing.
But Biden’s final weeks as president reveal an administration more concerned with preserving a fragile legacy than addressing national challenges.
Trump's return represents not just a change in leadership, but a fundamental realignment of priorities.
Market Rundown for Monday, Dec. 2, 2024
S&P 500 futures are slightly in the green at 6,050.
Oil is up 1.35% to $68.93 for a barrel of WTI.
Gold is down 0.50% to $2,667.80 per ounce.
And Bitcoin is down 1.35%, just under $96K.