The Biden years should have been the high point of Bernie Sanders’ career; after all, the pandemic mitigation spending spree was largely his agenda. The expansion of the welfare state reduced misery dramatically and promoted growth that was the envy of the rest of the world. But it also increased inflation and interest rates, which the country hated. The blue team’s loss in 2024 was the result.
Bernie’s program hasn’t changed. He doesn’t seem to understand that, if the Democrats implement it without funding it, it will result in significant increases in the deficit, interest rates, and inflation, and if they do fund it, the middle class will have to accept large tax increases, because billionaires simply don’t have enough money to pay for such large expansions of the welfare state. Are these outcomes palatable to the American electorate? History says no.