US Strong Economic Growth 'Continues to Defy Expectations,' Expert Credits Biden Policies (2024)

In what is being seen by legal experts as a “major” and “remarkable” change in his positions, President Joe Biden on Monday issued a three-point plan to reform the U.S. Supreme Court, after years of ethics scandals, largely by conservative justices, some of which have been called actual violations of federal law. President Biden had previously been opposed to certain court reforms.

“On top of dangerous and extreme decisions that overturn settled legal precedents — including Roe v. Wade — the court is mired in a crisis of ethics,” President Biden warned in a Washington Post op-ed. “Scandals involving several justices have caused the public to question the court’s fairness and independence, which are essential to faithfully carrying out its mission of equal justice under the law. For example, undisclosed gifts to justices from individuals with interests in cases before the court, as well as conflicts of interest connected with Jan. 6 insurrectionists, raise legitimate questions about the court’s impartiality.”

“Already our greatest modern president,” wrote constitutional law scholar and Harvard University Professor Emeritus Laurence Tribe, President Biden “earns our gratitude yet again by calling for these essential reforms to #SCOTUS — and by moving to heal the wound this rogue Court inflicted on our Constitution when it put the presidency above the law.”

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President Biden’s three-point plan calls for a constitutional amendment “that makes clear no President is above the law or immune from prosecution for crimes committed while in office,” The White House says in an announcement. That amendment would be in direct response to the Supreme Court’s decision surprising many legal experts granting presidents broad, and “absolute” immunity for “official acts” while in office.

The President is also calling for term limits for Supreme Court justices, with each justice serving up to 18 years and each president appointing a new justice every two years.

“Term limits would help ensure that the Court’s membership changes with some regularity; make timing for Court nominations more predictable and less arbitrary; and reduce the chance that any single Presidency imposes undue influence for generations to come,” The White House says.

And finally, President Biden is calling for an enforceable code of ethics for Supreme Court justices “that require Justices to disclose gifts, refrain from public political activity, and recuse themselves from cases in which they or their spouses have financial or other conflicts of interest.

Wendy Weiser, vice president of the Brennan Center for Justice, called Biden’s plan, “a remarkable and historical step forward.”

“No one should have public power for so long; no one should be the judge in their own case; and no one should be above the law,” she wrote.

Notably absent from the President’s plan: some had expected him to endorse expanding the number of justices on the Court, from nine to at least 12. That would reflect the 12 judicial circuits, as well as the tremendous expansion in U.S. population and demographics since the last time the Court’s size was altered: well over a century ago, in 1869.

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Some Democratic U.S. Senators support expanding the Courtvia the Judiciary Act.

The New Republic’s Matt Ford observes, “Biden’s SCOTUS reform op-ed is curiously opaque on whether he supports term limits via amendment or legislation, which is the big split among advocates.”

Attorney Tristan Snell, who successfully prosecuted New York State’s $25 million civil case against Trump University, applauded the President’s three-count plan and called for a few additions: “Wonderful news — and then let’s add 4 more justices and a maximum age of 75.”

After Vice President Kamala Harris, the de-facto Democratic presidential nominee endorsed Biden’s plan, NYU professor of law Melissa Murray called it “Huge.”

Professor of law Leah Litman, who co-hosts a podcast on the Supreme Court with Professor Murray, says, “let’s take a moment to appreciate that it’s a BFD for a sitting Democratic President, a long time institutionalist who was opposed to court reform *four years ago* has now publicly endorsed court reform.”

“Biden’s change,” she adds, “is a testament both to how the current Court’s egregious behavior is offputting to normie Dems – and causes them to revisit their positions – and to the many organizers, commentators, etc beating the court reform drum.”

“This is major,” declared Maya Sen, Professor of Public Policy at Harvard University’s John F. Kennedy School of Government. “Just a few years ago, Biden was against any kind of Court reform.”

President Biden’s call for reform has the backing of, among others, Michael Waldman, president of the Brennan Center for Justice, Constitutional law professor and political scientist Anthony Michael Kreis,

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US Strong Economic Growth 'Continues to Defy Expectations,' Expert Credits Biden Policies (2024)

FAQs

What economic policies has Biden passed? ›

Key legislation
  • American Rescue Plan Act.
  • Infrastructure Investment and Jobs Act.
  • CHIPS and Science Act.
  • Inflation Reduction Act.

How is the US doing with economic growth? ›

Real gross domestic product (GDP) increased at an annual rate of 2.8 percent in the second quarter of 2024, according to the "advance" estimate. In the first quarter, real GDP increased 1.4 percent.

How has Bidenomics affected the economy? ›

When the President took office, independent experts like the Congressional Budget Office were projecting that the unemployment rate wouldn't fall below 4% until the end of 2025. But under Bidenomics, the unemployment rate fell below 4% four years before expectations and has stayed there for the past 18 months.

Why do US economic policies seek to achieve the goal of maximum employment? ›

Answer and Explanation: U.S. economic policies seek to achieve the goal of maximum employment because maximum employment raises production activities. This increase in production leads to greater output being produced in the economy consequently leading to higher levels of income.

What is Trump's plan for the economy? ›

The economic policy of the Donald Trump administration was characterized by the individual and corporate tax cuts, attempts to repeal the Affordable Care Act ("Obamacare"), trade protectionism, immigration restriction, deregulation focused on the energy and financial sectors, and responses to the COVID-19 pandemic.

What were Biden's policies? ›

Biden has supported campaign finance reform including the Bipartisan Campaign Reform Act and overturning Citizens United; the 1994 Violent Crime Control and Law Enforcement Act; the American Recovery and Reinvestment Act of 2009; student tax credits; carbon emissions cap and trade; the increased infrastructure spending ...

What country has the best economy? ›

The United States upholds its status as the major global economy and richest country, steadfastly preserving its pinnacle position from 1960 to 2023. Its economy boasts remarkable diversity, propelled by important sectors, including services, manufacturing, finance, and technology.

Is the economy getting worse or better? ›

Economic Outlook Also Reverts to Levels Recorded in the Fall

Americans have been consistently more negative than positive in their assessments of the economy's trajectory since May 2021. The May 2024 survey finds that seven in 10 Americans (70%) say the economy is “getting worse,” while 26% say it is “getting better."

What drives US economic growth? ›

Key Takeaways. Economic growth is an increase in the production of goods and services in an economy. Increases in capital goods, labor force, technology, and human capital can all contribute to economic growth. Tax cuts are generally less effective in spurring economic growth than are increases in government spending.

What are Biden's policies for 2024? ›

For his 2024 reelection campaign, Biden pointed to his previous passage of the Infrastructure Investment and Jobs Act, the Chips and Science Act, and the Inflation Reduction Act; all of which are expected to invest $1 to $2 trillion in industrial policy over 10 years.

Who controls the economy? ›

In the United States, the government influences economic activity through two approaches: monetary policy and fiscal policy. Through monetary policy, the government exerts its power to regulate the money supply and level of interest rates. Through fiscal policy, it uses its power to tax and to spend.

Was Reaganomics a success? ›

The unemployment rate rose from 7% in 1980 to 11% in 1982, then declined to 5% in 1988. The inflation rate declined from 10% in 1980 to 4% in 1988. Some economists have stated that Reagan's policies were an important part of bringing about the third longest peacetime economic expansion in U.S. history.

What is one major goal of US economic policy? ›

To maintain a strong economy, the federal government seeks to accomplish three policy goals: stable prices, full employment, and economic growth. In addition to these three policy goals, the federal government has other objectives to maintain sound economic policy.

What is the highest point of the economy? ›

The highest point of the economy, before the recession begins, is called the peak; conversely, the lowest point of a recession, before a recovery begins, is called the trough. Thus, a recession lasts from peak to trough, and an economic upswing runs from trough to peak.

Is the US currently at full employment? ›

Many women, workers with disabilities, older workers, and Black and Latino workers continue to face obstacles to finding employment that pays well and accommodates their needs. The labor market is still not at full employment.

What was the new economic policy of the United States? ›

Since coming to office, the President has signed legislation to make the wealthy and large corporations pay their fair share and provide tax cuts for working families, while reducing the deficit. Under his plan, no one making under $400,000 per year will pay more in taxes.

What economic policies does the US have? ›

The United States has maintained economic policies that have effectively promoted international competitiveness and economic growth. Compared with other developed democracies, the United States has generally featured low tax rates, less regulation, lower levels of unionization and greater openness to foreign trade.

What did the new economic policy allow? ›

Lenin's New Economic Policy (NEP) was a policy implemented by Vladimir Lenin in 1921 as a temporary measure to revive the Soviet economy. It allowed limited market freedoms and private enterprise within certain sectors, while the state maintained control over major industries.

How is the stock market doing under Biden? ›

The stock market during Biden's tenure trended higher, but with significant volatility. The benchmark S&P 500 generated impressive returns of 28.7% in 2021 and 26.29% in 2023. Sandwiched in between was a bear market, as the S&P 500, at its low point, dropped 25% in 2022.

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