Will President Joe Biden be good for business?

[Lucius]

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?

I may be wrong, but I don't see how Biden would be worse than his predecessor, or the two before him - because some things are really hard to beat no matter how hard someone tries. For those who don't know, Biden is only the second Catholic president in American history after John F. Kennedy who receive a bullet instead of the end of his term - and some say Biden should be careful not to end up the same as him, which is more than a smart warning given the behavior of those who voted for his opponent.

The first moves that Biden made clearly show that he will try to fix all the crazy things that have happened in the past 4 years, and most of the world welcomes it with great enthusiasm. What the atmosphere was like in the EU during Donald Trump's stay in the White House is best illustrated by what European Commission President Ursula von der Leyen said in her speech a few hours before inauguration.

“This new dawn in America is the moment we’ve been awaiting for so long,” European Commission President Ursula von der Leyen said, hailing Biden’s arrival as “resounding proof that, once again after four long years, Europe has a friend in the White House.”

“The United States are back, and Europe stands ready to reconnect with an old and trusted partner to breathe new life into our cherished alliance,” she told EU lawmakers, hours before Biden was to be sworn in at his inauguration ceremony in Washington.

[eaLiTy]

Time will tell.  I'm just ecstatic that Trump is (almost) out of the White House.  I was afraid we'd be in for another four years of that BS.

As an outsider he looked like a funny president who is eccentric at times and in the land of dreams anything is possible, a billionaire businessman turning into a president  .
The only reason i am happy for the change is because he was too close to Hindutva factions who is ruling India who have the same ideology as Benito Mussolini and Adolf Hitler and glad that Biden removed people who are close RSS BJP faction from his campaign which is a positive sign for people like us.

From what i understand Biden has a neoliberal view for the economy but after sitting in the power position who knows whether he will be changing his stance, give him a few months and we will understand his policies and it is better to comment after that.

[sana54210]

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.

Do not be worried, from one progressive to another.. well apparently you are a republican or at least conservative, I can guarantee you that Biden is not a socialist. How do I know? Because I am a socialist and I think socialism is wonderful, it is the best way to run a government and the fact that you think it is a slur shows how little you know about it and only been fed by mainstream media how horrible it is.

However, even though I believe socialism is amazing, Biden is not it, Biden has voted for so many right wing stuff, wars, finance changes, racial problems, dude has been on the right wing side for many many votes, he is not a Bernie Sanders and he will never be one. Dude is a moderate, honestly he is closer to Trump than Bernie I can promise you that, you are not going to see ANY socialist move by him because he hates socialism as much as you guys do as well.

[Vaskiy]

It was the year 2007 - 2008 when Joe Biden was the Vice President of America. During that time the economy suffered big for different reasons. More job losses, administrative failures and more protests were taking place. After twelve years Biden have entered the White House. This time too facing more job loss issues, and the impact of pandemic. However it is believed that Biden this time overcome most of the issues of the time.

[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.

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

It may have many pros, because they will compete in a good way instead by blocking each other. China and America could share many economic benefit if they are in the good condition, cold war like this could have negatif impact on the world economic. Example Huawei which Banned by Google, it makes Google decreased traffic resource from Huawei user, also Huawei user lack of Google Support which make their android little bit useless.

[molsewid]

Its been already said that There will be higher tax bills for Corporates in Republican rules under Joe Biden which may harm the companies and even make them to move other region where there is tax friendly. But the business is going to be better than Trump and also more contract and trade deals with US allies in his time period.

Is this true? Yes higher corporate taxes is kinda painful for businessman but they should endure it, as of now I don't have much information about Biden, but as what I can see maybe those companies or people who are not in good terms with trump before might be an ally or a partner of Biden this time like who knows right? Though there are some reports that more and more people lost their job when Biden sits as vp then I think he can lesser this thing now that he has all the power in his hands.

[BuNga_cute]

It is too early in my opinion to assess the performance of President Joe Biden, let him work properly with all the economic policies that have been
made. It is very interesting to see whether the economic policies that have been made by President Joe Biden are different from Trump's whether
they can work better. We all just wait 100 days to assess whether President Joe Biden can make America's economy better or not. Hopefully
President Joe Biden can provide evidence to the American people that it is not wrong to elect him as the new President of America.

[shoreno]

campaign promises are often dont get fullfilled but they only make the campaign look promising so that people will get attracted to vote them but if the elected politicians are fair enough , they wont let the public down for voting them .

people voted biden because they think biden is more better than the other candidates so expectations are high by this time but if not ? well theres nothing they can do but accept it because they wanted it . they want biden to lead the government .

[AndySt]

It is too early in my opinion to assess the performance of President Joe Biden, let him work properly with all the economic policies that have been
made. It is very interesting to see whether the economic policies that have been made by President Joe Biden are different from Trump's whether
they can work better. We all just wait 100 days to assess whether President Joe Biden can make America's economy better or not. Hopefully
President Joe Biden can provide evidence to the American people that it is not wrong to elect him as the new President of America.

How can you even assess Biden's economic performance if he has just started working and is adjusting the state apparatus for himself and his team, making new appointments? Economic policy will be different in any case and will be expressed in higher taxes for corporations and rich citizens, as well as initiatives in the social sphere. But it will be too early to give an assessment after 100 days, because now the situation is atypical due to the epidemic and the main activity and fight will develop in this direction.

[Princejebs]

people voted biden because they think biden is more better than the other candidates so expectations are high by this time but if not ? well theres nothing they can do but accept it because they wanted it . they want biden to lead the government .

People must also learn to accept that too much expectation always end in disappointment, it has happened so many times that campaign promises don't get fulfilled as promised by candidates. They are just tools to gather vote in other to succeed in theor political careers.
Sometimes, they change not because they want to be like that but the cabal that make up the party sometimes mislead the leader aims and objectives.

[Dutchyyy]

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?

I guess it will, at least the part of easier hire of foreign talents.

But if he & the Democrats increase corporate and other taxes, it won't be good for business, and as it looks like, they are going to do it.

[stadus]

We will find the answer soon, maybe give him a year then evaluate the result.

The media will tell us on his accomplishment and there we can evaluate if it satisfy us or not, or if he has fulfilled his promises.
1 year IMO is good enough to determine if a candidate really has the political well, or does the action more than he says.

People vote for him, so they trusted him to fulfill his promise, so let's hope for that.

Time will tell as they say.

[Sithara007]

Do not be worried, from one progressive to another.. well apparently you are a republican or at least conservative, I can guarantee you that Biden is not a socialist. How do I know? Because I am a socialist and I think socialism is wonderful, it is the best way to run a government and the fact that you think it is a slur shows how little you know about it and only been fed by mainstream media how horrible it is.

However, even though I believe socialism is amazing, Biden is not it, Biden has voted for so many right wing stuff, wars, finance changes, racial problems, dude has been on the right wing side for many many votes, he is not a Bernie Sanders and he will never be one. Dude is a moderate, honestly he is closer to Trump than Bernie I can promise you that, you are not going to see ANY socialist move by him because he hates socialism as much as you guys do as well.

His past record is not going to matter much, as he had campaigned on a far left platform for the 2020 elections. He may have been a moderate, but that was ages ago. The Democrat party itself has moved a lot further to the left during the last 1-2 decades. The initial announcements, such as imposing a 40% tax rate on long term capital gains, and multi-trillion USD stimulus points towards that direction.

[Sirait]

It was the year 2007 - 2008 when Joe Biden was the Vice President of America. During that time the economy suffered big for different reasons. More job losses, administrative failures and more protests were taking place. After twelve years Biden have entered the White House. This time too facing more job loss issues, and the impact of pandemic. However it is believed that Biden this time overcome most of the issues of the time.

^ I usually don't like politics that much because to me it is just a trick for those who want to make a profit, but seeing from the political situation that the US is facing, I feel a little interesting and curious about what will happen to the US under Biden's leadership, will it be much better than Trump. and hopefully, Biden will be able to find the best solution based on his experience 12 years ago when he was still serving as vice president.

[415jeremy]

Biden will be better for business than Trump.

First of all, the stock market does better under Democrats. Secondly, the Trump presidency is unhelpful for business, especially small business. Business hates volatility. It's hard to make significant plans and investment without predictability. Biden is focused on ending the pandemic.

[Kong Hey Pakboy]

Never have high expectations in the government or politicians because there is no such thing as a perfect leader; there is only a good leader who wants to improve himself in handling every task. It will not be easy for the president to lead the US country all by himself. However, Joe Biden is much better than Donald Trump when it comes to business and a country's economy.

[ivankoh]

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?

Anyway, in my opinion, Jo Biden's early policies somewhat responded to the wishes of the American citizen. the policy of stabilizing and devoting largely to curbing the 19 Covid pandemic from the announced economic bailout package shows that he has devoted himself to prioritizing the epidemic. Hopefully the unemployment problem will be solved after vaccination brings stability to the people.
Recession of the US economy - at the same time an epidemic came. Therefore, recovery and economic growth will take a long time. Anyway, congratulations Biden in office though a bit late, hopefully he will solve the challenge and hope for the US economy and good association with the world.

[jaysabi]

Joseph Robinette Biden

Lol, is that his middle name?  I confess I don't watch the news and hate politics, but that's an interesting one if true.

IMO Biden won't be any worse than Trump for business or anything else, although I don't know about his tax policies or how much he likes war.  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.  We can't keep businesses closed and people out of work and still expect to be a prosperous country.

Time will tell.  I'm just ecstatic that Trump is (almost) out of the White House.  I was afraid we'd be in for another four years of that BS.

One would argue that the tariff war with Europe and China was a massive economic conflict, and one we didn't fare well in for that matter. Also, raising tensions with Iran by withdrawing from the nuclear deal and assassinating one of their generals is anther conflict. Not all conflicts have to result in a traditional war.

Otherwise, I agree the most consequential thing is getting COVID under control sot he economy can fully open up.

[slapper]

I guess so. Most of the presidents cant finish 50% of their promise but this is not a big problem since you need a lot of time and effort to change the whole country and apply new policies. I wonder what taxation will look like while he is the president. Rumor said that it would be higher for rich people and lower for normal people. This will affect the economy a lot because rich people in the US are getting richer everyday but this will give chances for poorer people. Such incentive is necessary to simulate the economy

One thing I want to know is whether he continues to sue those Big 4 likes Trump did in the past couple of months?

[emmybd]

Since Republicans have had poor economic rates in statistics, there’s hope for Biden. During Trump’s administration, by August, unemployment rates increased to 8.4% from 4.7%. Stock prices have been increasingly volatile and consumer confidence has gone down.
Volatility is never good for business and it makes decision-making for investments even harder due to the lack of predictability. Biden puts most of his attention on restoring faith in government amidst the pandemic while curbing the situation altogether.  Biden’s plan of raising taxes for families with an income of and over $400,000 (which is only 1%)  is a relatively good one. The 1% would have to remunerate 80% of the tax incrementation.
Joe Biden intends on supplementing the Affordable Care Act by curtailing the lower age limit to just 60 from 65. He promises free tuition for students with families under the income of 125k at universities. It might just be that Biden will reintroduce a better business.