• Democrats are staying out of the way while House Republicans make a spectacle of themselves, giving power to extremists like Marjorie Taylor Greene and facing financial improprieties from George Santos.
• Senate Republicans are staying out of debt ceiling negotiations until the House Republicans come up with a viable plan.
• President Joe Biden has signed an executive order to promote competition in the economy, reclaiming the country’s long tradition of opposing economic consolidation.
• Biden’s executive order has resulted in a sharp drop in mergers and acquisitions, and the December jobs report showed strong job growth and a decrease in unemployment.
• The CHIPS and Science Act has attracted multibillion-dollar private investments and created jobs accessible to those without college degrees.
• The Inflation Reduction Act has capped the cost of insulin for those on Medicare, made hearing aids available over the counter, and expanded subsidies for the Affordable Care Act.
• Biden is taking to the road to tout his successes to the country, especially to those places most skeptical of the government.
Published January 26, 2023
Visit Letters from an American to read Heather Cox Richardson’s original post January 25, 2023
