Objectively intelligent.

[Hank Chinaski]

Originally Posted by sebastian_dangerfield

Agreed. But he's not intentionally pissing off anyone. He's just doing what he thinks should be done and not aiming anything at perceived enemies.

His administration is deftly laying low among a number of other issues which occupy each news cycle -- quietly drafting in air traffic filled with many much more sexy and salacious stories.

The only criticism gaining any traction against him is that he's causing inflation. And that's not a red meat issue. It's only really interesting to investors following CNBC or hardcore Fox watchers looking for a reason to hate. And if this inflation is transitory, as I think it will be (I find Yellen and Powell persuasive on that issue), that criticism will be up in smoke by the end of the year.

And any attempt to argue that he's at fault for the Delta uptick is ludicrous. Even among conservatives, it is universally recognized that the fault for that lies exclusively with dimwits who refuse to get vaccinated.

ETA: If this inflation is transitory, the market and economy may really go bananas in Q1/Q2 2022. A lot of people have made a lot of money in the past year, and not just in the market. They've saved a ton of money, but for the moment, a lot of assets appear overvalued. If this inflation rolls over into a bit of deflation in Q4 2021 and Q1 2022, you'll have a shit ton of cash out there suddenly realizing it has enormous purchasing power relative to the limited purchasing power it has today. Could create another boom in later 2022.

half the vax refusing are Biden voters.