ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Top takeaways from Biden's wild week

From a botched border visit to the Michigan primary to the reappearance of Hunter, the week was anything but smooth for Joe Biden. And it’s unlikely to get any better anytime soon.

If you felt last week was extra long, you weren’t alone. In fact, somewhere Joseph Robinette Biden Jr. is almost certainly saying the same as he scoops himself an extra serving of chocolate chip ice cream. 

From a botched border visit to the Michigan primary to the reappearance of Hunter, the week was anything but smooth for the White House. And it’s unlikely to get any better anytime soon. 

Here are the top takeaways from President Biden’s wild week: 

The Border Continues to Bedevil Biden 

Democrats are desperately trying to get on offense when it comes to immigration and border security. Sensing a real vulnerability, the White House hastily arranged an official trip on the very same day former President Trump was set to make his. 

BIDEN SAYS AMERICANS WILL BE LIVING IN A ‘NIGHTMARE’ IF TRUMP WINS RE-ELECTION

A competent political organization would use the trip and its backdrop to announce something: new money for the wall, additional border security forces, tightening of administration asylum policy. Something. Anything. To at least make it seem like they’re trying. 

Instead, Biden got to the border and doddered around. Saying nothing and doing even less. When asked what he could do to fix the mess, he blamed Republican and claimed he was helpless. 

Despite what the White House claims, Biden doesn’t need a law to fix the issues at the border. The idea that he’s unable to do anything on his own is just plain wrong. 

There are executive orders aplenty that can make this situation better. He can restart the Remain in Mexico policy. He can also reinstall the emergency declaration he ended on his first day in office that will allow a large pot of money to help staunch the flow of migrants. 

He can even do smaller things to show he’s taking action. Maybe that’s getting on the phone and play hardball with the countries allowing the surge of migrants through their own borders en route to ours? Maybe that means shaking up your team handling this, including Secretary Alejandro Mayorkas? 

WASHINGTON POST EDITORIAL BOARD SAYS BIDEN SHOULD IGNORE LIBERAL ‘WISH LISTS,’ SECURE BORDER TO BEAT TRUMP

I’ve rattled more ideas off in the last 30 seconds than they have in the last three years. 

From 2008 until about 2019, border apprehensions averaged about 400,000 a year 

Biden’s first full year in office they shot up to 1.6 million and have not been below that since. 

And let’s remember, for years his team insisted the border was secure. They refused to acknowledge anything other than that. Now, at the drop of a hat, it’s a crisis that warrants passing a massive bill through a divided Congress — particularly a House of Representative with a narrow majority. And without it, there’s nothing President Biden can do. 

Wrong.

THE WHITE HOUSE'S OPEN BORDER POLICIES COULD COST THEM THE 2024 ELECTION

Missed Opportunity in Michigan

Far from the southern border, another crisis reared its head for the Biden campaign. This time in Michigan. 

An organized band of far-left activists, unhappy with Biden’s support of Israel, started a campaign to vote "uncommitted" in Tuesday’s primary. The effort outperformed expectations, gaining over 13% of the vote and delivering a repudiation of the president by his own party. 

I’ll be the first to say it’s easy to sit and pout when it’s February or March. There are no stakes and the only consequences are embarrassing a president whom many on the left don’t really like that much. 

I have a hard time believing the far-left activists who spent much of the last decade in resistance marches against Donald Trump will look at the choice between Biden and Trump in early November and stay home. 

However, on a tactical level, this was an important test for the Biden campaign. Michigan is a must-win state for them this fall. Period. 

‘LISTEN TO MICHIGAN’ PROTESTERS EXCEED EXPECTATIONS, SEND MESSAGE TO BIDEN IN KEY BATTLEGROUND STATE

Tuesday’s primary was the chance to stress test their political organization. Can they get their own supporters out in force and beat back what was quickly becoming an embarrassment for the president? 

The answer is well, no. 

They better hope they fix it before November. 

Hunter is Back

Any day where Hunter Biden is making news is not a good day for the Biden campaign. 

In an exclusive interview on Monday, Hunter told Axios "we are in the middle of a fight for the future of democracy." They went on to report that he "sees his sobriety as crucial not only to his life but also to ensuring Donald Trump doesn't become president again." On a human level, I genuinely hope he stays sober and healthy. 

It’s also patently absurd to view one’s sobriety as determining the very fate of democracy in this country. 

CLICK HERE FOR MORE FOX NEWS OPINION

So yet again, Hunter comes out of the woodwork with a self-delusional statement that turns the spotlight away from the White House’s message and onto himself. 

Somewhere a White House communications staffer is putting their fist through a wall. 

You Ain’t Seen Nothing Yet

If you thought last week was wild, just wait. This week is poised to be even wilder.

Super Tuesday will award scores of delegates from Maine to California, while Thursday night will bring together the president, Congress, the Cabinet, the Supreme Court, and other leaders under one roof for the State of the Union. And who knows what else will be mixed in that we don’t expect. 

All I can say is: Buckle up.

CLICK HERE TO READ MORE FROM MATT GORMAN 

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.