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Is the Moody’s Downgrade the End of American Exceptionalism? (jacobin.com)

submitted 1 day ago by [email protected] to c/[email protected]

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Moody’s decision to downgrade the US’s credit rating is a slap on the wrist. In the past, the US might have dismissed it, but investors are signaling they think America is fundamentally untrustworthy — and they may soon put hard limits on Trump's program.

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[–] [email protected] -1 points 1 day ago (1 children)

95% of what he did was through executive power, which he had full control over.

On many other issues, however, Biden retained the essence of Trump’s approach. Key documents issued during Trump’s first term characterized China and Russia as strategic competitors of the United States, a framing Biden embraced. Biden kept the Trump-era tariffs on China and expanded controls on technology transfers that began under Trump. He executed the Afghanistan withdrawal agreement negotiated between Trump’s team and the Taliban, remained outside the Iran nuclear deal, and, like Trump—but unlike President Barack Obama—provided lethal aid to the government in Ukraine. Biden sought to extend the Abraham Accords, a key Trump-era foreign policy success in the Middle East, and over time, he attempted to make Saudi Arabia a U.S. treaty ally. The two administrations could hardly have been more different in style and rhetoric. In the underlying substance of their policies, however, there was more continuity than the casual observer might have appreciated.

https://www.foreignaffairs.com/trump-biden-trump-foreign-policy

[–] [email protected] -1 points 1 day ago (1 children)

So you're upset that the government doesn't flip-flop with each president?

I can report that this is the norm for non-autocratic societies. Maintaining stability, relations, and long term governance.

[–] [email protected] 0 points 1 day ago

I'm not sure in which bubble you are living in, but US is notorious for flip flopping on their policies with each new presidency. Each new president that comes in and reverses most of the things the last president did. That's literally has been the case since the country's founding exactly because of the separation of power.

That is why Biden keeping many of the previous Trumop policies was noteworthy and scary for the rest of the world.