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History Shows Joe Biden 3.0 Is a Bad Idea

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Biden is a bannerman for a failed Democratic Party experiment.
So Joe’s in now, and really, thank God. The corporate neoliberal “center” is dreadfully under-represented in the current tiny field of potential Democratic nominees. In the event candidates Buttigieg, Harris, O’Rourke, Booker, Klobuchar, Moulton, Inslee, Hickenlooper and Gillibrand fail to successfully advocate for continuing 30 years of failed conservative “centrist” Democratic policies, former Senator and Vice President Joe Biden (D-Delaware) will be there to shoot the gap.
:facebrick:
“The third time’s lucky,” reads Alexander Hilsop’s 1862 compendium of Scottish proverbs. I guess we’re all going to find out how true that is over the course of the 79 weeks standing between this ragged little patch of time and the 2020 presidential election. Senator Biden’s first run at the brass ring began on June 9,1987, and ended in searing disgrace only 106 days later after his campaign was subsumed by plagiarism accusations and his questionable relationship with the facts of his own life.
Biden ran for president for the second time 20 years later, after dancing right up to the edge of declaring his candidacy before stepping back in 1992 and again in 2004. Biden managed to stay in the 2008 race for 11 months while never polling above single digits, finally withdrawing after placing 5th in the Iowa caucus. He did get noticed, however, and ultimately accepted the number two slot on what became a victorious Obama/Biden ticket.
Biden kicked off his third presidential run on Thursday with an ominous and somewhat cumbersome 6:00 am tweet — “[E]verything that has made America — America — is at stake.” The announcement tweet failed to mention Biden’s plans to attend a big-dollar fundraiser hosted by David Cohen, chief lobbyist for Comcast, the most despised company in the country. This, morosely, is par for a very long course.
Though he labels himself a friend to working people, Biden has a record of harming workers that spans decades. “His energetic work on behalf of the credit card companies has earned him the affection of the banking industry,” wrote Sen. Elizabeth Warren in 2002, “and protected him from any well-funded challengers for his Senate seat.”
“State laws have made Delaware the domicile of choice for corporations, especially banks,” writes Andrew Cockburn for Harpers, “and it competes for business with more notorious entrepôts such as the Cayman Islands. Over half of all US public companies are legally headquartered there.” Joe Biden spent 36 years as a Delaware senator until Obama raised him up in 2008, and during that time he served his core constituency with vigor.
Biden voted in favor of one of the most ruthlessly anti-worker bills in modern legislative history, the 2005 Bankruptcy Abuse Prevention and Consumer Protection Act, depriving millions of the protections provided by Chapter 7 bankruptcy. For this, and for his pro-corporate labors stretching all the way back to 1978, he has earned the financial devotion of the too-big-to-fail club many times over.
Millennial voters are touted as the sleeping giant of the 2020 election: Turn them out in large numbers, goes the thinking, and you can practically start measuring the drapes in the Oval Office today. If this is true, and I believe it is, candidate Biden began his campaign behind an eight-ball roughly the size of, well, Delaware.
“Student debt broke $1.5 trillion in the first quarter of 2018 according to the Federal Reserve,” writes Mark Provost for Truthout. “Twenty percent of student borrowers default on their loan payments. Delaware’s own senator and former vice president of the United States, Joe Biden, is at the center of the decades-long campaign by lenders to eviscerate consumer debt protections.

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