Will President Joe Biden be good for business?

[bitquad]

Our hopes are high up again with expectations from the new government, will campaign promises be fulfilled? Or are we about to get something again that we didn't bargain for?

It somewhat depends on what your expectations for the new government is, but in my heart of hearts, I know Biden would do better than Trump, definitely not all promises will be fulfilled, it's easier to make promises when you're not under pressure, but when you've got the 'job', reality now tells you how difficult it is to accomplish some of the things you said you'll do, the United States can't be any worse than it already is now, so it's up to Joe.

With the inauguration of Joseph Robinette Biden Jr. as the 46th president of the United States, what is to be expected in the economic world?

It's always much easier for a new president, if his predecessor left a booming economy before leaving office; but it is what it is, and we all know the state of the economy atm, as a result of a year plus pandemic, it's definitely not going to be a walk in the beach for Joe to fix the economy, there have been a lot of money printing, and there will still be a few more, the aftermath of all this is Inflation, and it could hit the U.S. few years into his tenure.

Biden is a career politician, he's been in DC for over 47 years. He is also very corrupt. And he is suffering from dementia. He is merely a puppet. Listen to some of his speeches. He can barely string two sentences together. Compare that to Trump's speeches who's far above the capacity of Biden.

You should also realize the economy was booming under Trump. Then the CCP Biological weapon was released with the intent of damaging Trump's economy and to allow them to steal the election via mail-in voting fraud along with hacking the voting machines.

The left will leave a mess in the USA. I don't expect things to be rosy.

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[Miaallen]

Looking at the gains recorded on the US stock exchange market after his announcement as the projected winner of the election shows the trust in him and his ability to enact policies that will help improve the economy.

[btc_angela]

Our hopes are high up again with expectations from the new government, will campaign promises be fulfilled? Or are we about to get something again that we didn't bargain for?
With the inauguration of Joseph Robinette Biden Jr. as the 46th president of the United States, what is to be expected in the economic world?

He will inherit one of the worst problem, which is the fight against Covid-19, although he laid out his plan, still we really don't know what's going to happen. It might take a full 2 years or even his term to really get the US economy to run again pre-pandemic. And then we have the geo-political issue with China and Russia, so his plate are full.

So let's see how it goes, US citizens that there will be some improvement under Biden's government and who knows, we might get some trickle effect in the future.

[Gozie51]

One thing that Trump didn't do was get the US involved in any massive conflicts.  But in either case, I think Biden will be fine for the economy/business as long as his policies can get the coronavirus outbreak under control.  That, I think, is the main variable as far as the economy is concerned.  

For the democrats, diplomacy is the key too to tribe and push the economic policies but the Republican agenda is usually war or conflict. You can check the American history on this. This kind of behaviour is expected of the political party in power. Although Trump was to the extreme for me on the Democrates style, he would have pushed America into war bwith China or other countries because of his ego and personal character personality of pride and treatment of issues in carefree manner because of his affluence.
We are going to watch if Biden too will be a little different from Republican ideology by not going to war just like Trump too displayed more of contrary ideology of Democrats by always looking at for controversies.

[disconnectme]

Is still difficult to say what and what he is going to do because all we heard before is more of campaign talk and campaign is usually different from reality and the Covid situation will make his job more difficult IMO, but we should expect this airdrop because it is more of Bipartisan IMO, the issue I will have with him is the tax, especially with Crypto gains now because there are so many proposal being thrown around recently

[Leviathan.007]

Yet we can't be sure about what gonna happen because Biden didn't make any solid, important and life changing decision regarding to the business. But generally, he is an old man and I don't expect to see someone at his age interested with the technology business such as bitcoin. In the other hand, he is a democrat and usually democratic political man will open borders to the foreign business companies with other countries. However, time will show us the truth about him.

[hulla]

Our hopes are high up again with expectations from the new government, will campaign promises be fulfilled? Or are we about to get something again that we didn't bargain for?

It too early to know all the intention of the new President elect but like you said all hope are high but if people can put their hope in God cause the new president is a human not an angel and I don't expect him to fulfill all promises but it will be nice if he executes 75% out of it.

With the inauguration of Joseph Robinette Biden Jr. as the 46th president of the United States, what is to be expected in the economic world?

Concern the world economy, i think Biden will create fairness in the economy and bring the world together cause it looks like hes also interested in peace.

[Hydrogen]

Those "bad" policies for business' are not bad for the public, and that is how the world should be run but people are not realizing this.

What is bad for business.

• Kills Jobs, income, GDP and decreases standard of living
• Decreases tax revenues for governments

Please explain to me how this is "not" bad for the public.

Business is the lifeblood of nations and economies.

Looking at the gains recorded on the US stock exchange market after his announcement as the projected winner of the election shows the trust in him and his ability to enact policies that will help improve the economy.

More than 90% of US stock market movement since 2008.

Is attributable to the federal reserve injecting liquidity into investment banks who trade stocks.

[AndySt]

Yet we can't be sure about what gonna happen because Biden didn't make any solid, important and life changing decision regarding to the business. But generally, he is an old man and I don't expect to see someone at his age interested with the technology business such as bitcoin. In the other hand, he is a democrat and usually democratic political man will open borders to the foreign business companies with other countries. However, time will show us the truth about him.

In general, the president does not have to be very interested in the technology business, because you can not be competent in all matters and the best thing he should do is to assemble a competent team that should be well versed in their issues. And as for the Democratic Party, I would like to say that, apparently, the pendulum will swing in the other direction and there will be an increase in taxes, which were reduced under the Republican administration of Trump and less protectionist policies, because Trump had a little too much with this.

[Congyang]

Our hopes are high up again with expectations from the new government, will campaign promises be fulfilled? Or are we about to get something again that we didn't bargain for?
With the inauguration of Joseph Robinette Biden Jr. as the 46th president of the United States, what is to be expected in the economic world?

My analysis sees Biden's leadership style will have a positive impact, Biden has a calm leadership style and this can have an impact on the US or even the global economy. Usually this effect will be felt within 1 year of Biden's leadership to be able to see economic development. it looks like we have to wait for the effect of biden to become president in some time to come

[Shasha80]

Finally Joe Biden and Kamala Harris have been officially sworn in as president and vice president of America. Biden will have a different economic
policy than Trump, the first to do so would provide $ 1.9 trillion in assistance to support the acceleration of post-COVID-19 recovery. The grants
are for vaccination programs, stimulus checks and raising the hourly minimum wage.

Biden hopes that the aid can restore the economy, Biden also changes tax policy. By raising the corporate tax rate to 28%, then for those who earn
above $ 400k there will be a tax increase as well. Regarding the policy towards China, Biden told the New York Times he would not make changes first.
I believe that all the economic policies carried out by Biden should make the American economy rise again.

[bassbity]

With the inauguration of Joseph Robinette Biden Jr. as the 46th president of the United States, what is to be expected in the economic world?

After being officially inaugurated, Biden immediately focused on how to quickly get out of the American crisis, especially in terms of tackling Covid 19 first. Of course if this is successful we will be able to see the impact of his policies on the US economy. The reason is, the toughest task at this time is to overcome Covid 19 and the second is to strengthen relations between countries that have been used as enemy sectors when Trump took office.
so we will see how the strategy is to give cryptocurrency space, especially in America as the biggest crypto user today.

[Swopon]

Probably he will be the finest President for business because his first impression was good than others and maybe he will try to avoid conflict than trump. But though he will be a soft person it can't say that he will take crypto familiar.

[figmentofmyass]

Looking at the gains recorded on the US stock exchange market after his announcement as the projected winner of the election shows the trust in him and his ability to enact policies that will help improve the economy.

the market rallied after trump was elected, and again after he was inaugurated---same exact thing. i would attribute that more so to political/election certainty being priced in (markets hate uncertainty!) than policy expectations.

Looking at the stretch between Election Day and the presidential inauguration, the market’s surge in the months ahead of President Donald Trump’s inauguration stands out. The S&P 500 rose 5.8% with Trump as President-elect.

The S&P 500 has risen in the first 100 calendar days of eight out of the last 10 presidential terms.

https://www.reuters.com/article/uk-usa-election-stock-performance-idUKKBN27R2NZ

there is also the theory that the stock market is in a bubble, and is gonna keep rising no matter what. we need to have a larger conversation about monetary policy to get to the bottom of that one.

[speedforce]

Usually President from Democrat party are pro Free Trade person, so may we can see some agreement between Countries which will impact good in the economic. Also, the relationship between China and America maybe will have more friendly relationship like Obama before. If this happen, it will make good Economy competition between them.

[1l1l11ll1l]

Usually President from Democrat party are pro Free Trade person, so may we can see some agreement between Countries which will impact good in the economic. Also, the relationship between China and America maybe will have more friendly relationship like Obama before. If this happen, it will make good Economy competition between them.

Bro, are you sure that making friends with China will have any good effect? This is just my opinion, but I don't think it will be that easy. Currently the two countries, America and China have a relationship that is not good enough and also high competition, I only hope that Biden is able to make a regulation that is useful for the country's economy and also makes it easier for business people to run their businesses more easily and smoothly

[Sithara007]

Joe Biden and his radical socialist policies are going to wreak havoc in the market. I am sad that some people never learn. There are a lot of working class people out there, who would support these reforms because they have a feeling that the increased tax rats would affect only the super-rich. But that is not the case, and the middle-class would be the worst hit. Eventually the government will end up like the socialist regimes all around the world, as they run out of cash. The rich may move their capital to other countries and the tax revenues will be hit. The middle class will be squeezed dry with ever more increasing taxes.

[SirLancelot]

Our hopes are high up again with expectations from the new government, will campaign promises be fulfilled? Or are we about to get something again that we didn't bargain for?
With the inauguration of Joseph Robinette Biden Jr. as the 46th president of the United States, what is to be expected in the economic world?

We should hope that he’s not going to be anything worse, and he just got into office let’s wait and see the kind of rules he’s going to put in place and the actions he will be taking from here, those are the rules that are going to help us determine what the future will be like with him as the president of the United States.

One thing with politicians is that during their campaigns they will always make huge promises to convince people to vote for them and at the end when they have been voted in, they will disappoint those that voted them, I hope his case is going to be different from this.

[shield132]

Joe Biden's platform and policies are identical to his democrat base in states like california and new york. One might say, it is possible to predict the effect Biden's policies will have on business by looking at the net effect similar policies have had in those states. Elon Musk recently moved from california to texas. Citing the negative business atmosphere democrats have created there. If Biden follows the same democrat policies, we could see the same bad policies we've seen in california and new york. Only on a national scale, throughout the entire country. Which would be very bad for the USA.

What's bad for america, could be good for europe and asia. If the united states declines, it would create opportunities for other nations to expand their marketshare. And that could well be one intended effect of Biden assuming the Presidency.

Those "bad" policies for business' are not bad for the public, and that is how the world should be run but people are not realizing this.

I understand that wanting less government and wanting more freedom is a very hip thing with the republicans, they want to be capable of picking their own faith, but if government just makes sure that there is nothing wrong with this and let everyone live however they want, there will be a lot of homeless people, starvation, healthcare problems that people die from when it could be saved (such as insulin being so expensive that a thing other nations giveaway for free is a death sentence for poor in USA) and many other problems.

Modern world doesn't allow "less government" which means those people like Elon musk getting away from paying taxes because its "bad policies" are actually things that help tens of millions of people. Elon Musk literally said that "I rather have more billions of dollars then help other people" and there is no reason why I should support that decision he made.

The most curious and paradoxical for me is that people take care of businessmen and not themselves. They work to make tiny amount of people richer and still their aim in elections is to make life of businessmen better. And the main problem of our world is that in politics major people are businessmen by their spirit and not politicians (I don't mean pseudo politicians). Problem is in people, once we fix the problem in people, then we will have a good government. People live with hope, prey to god for better life while instead of wasting time in it, better to work. Has anyone seen any successful people spending most of their daytime in praying? Politicians cheat to people, lie to them but still, people live with hope that something good will happen on it's own.

I fully agree if Biden sets higher taxes on businesses to strengthen the US dollar and economics. Why it should happen from the pocket of average people? Better money be spent from those who have a serious surplus of it and not from poor people.

People can't exist without governments, slavery is in their blood, that's why they were always praying on different creatures from the very beginning. Only certain people change the world and have a spirit of this.

[goaldigger]

Every politics made a good promises during the elections even the impossible one, and guess what? Most of them didn’t deliver and most of the promises didn’t happen at all so don’t expect too much.

Businesses will be good simply because you manage it well and you didn’t depend to the president, same thing with your trading experience and I’m sure cryptomarket will continue to grow.

Now we have to monitor the work of the new administration and hopefully they'll no everything to lift up their economy again because China is over taking the world market and its time for US to restart, refocus and reorganize everything in order for them to survive the crisis. Democrats are good on this one, let's just hope that US will continue to support the small countries, and many businesses since many are still suffering because of the pandemic, let's also do our part on improving our businesses and ourselves.