President Joe Biden’s campaign to make everything infinitely worse continues apace:

More from the Wall Street Journal:

President Biden recently promised in these pages not to interfere with the Federal Reserve. Yet last week he endorsed a House bill that would add racial equity to the Fed’s dual mandate of price stability and full employment. How does the White House square this contradiction?

Recall that Candidate Biden advocated making reducing racial disparities a third monetary mandate. You have to wonder if one reason the Fed was slow to tighten policy was because the central bankers agreed with him. Several Federal Open Market Committee (FOMC) members promoted the goal of “inclusive” employment even as inflation began to creep up.

Now House Democrats want to codify racial equity as part of the Fed’s mandate. Their bill would require the Board of Governors and FOMC to “exercise all duties and functions in a manner that fosters the elimination of disparities across racial and ethnic groups with respect to employment, income, wealth, and access to affordable credit.”

The bill directs the Fed to include race in monetary policy, the operation of payment systems, and the supervision of banks and non-banks deemed by the Financial Stability Oversight Council to be systemically important.

Central bankers have a hard enough time balancing full employment with stable prices. Adding a racial equity mandate could cause their models to go catawampus. How small would the black-white unemployment gap have to be, and how high would prices have to climb, before the Fed considers raising interest rates?

Joe Biden found yet another way to eff things up? Color us shocked. Or, rather, color Andrew Sullivan shocked:

Joe Biden? An incompetent extremist? No. Way.

Well, let’s not get too far ahead of ourselves: we’re not sure it’s fair to say that Sullivan really understands, per se.

We won’t sit here and tell you that Donald Trump was a perfect POTUS, because he wasn’t. He was actually far from it. But after witnessing the havoc Joe Biden has wreaked on this country over the past 18 months — not even 18 months, actually — given the chance for a do-over, you’d really vote for Biden again? You wouldn’t even have to vote for Trump against Biden. You could write someone in if you want to!

Andrew Sullivan has slowly come to realize that Joe Biden is terrible, but it’s obvious that he’s still learned absolutely nothing.

Good Lord, Andrew.

If Andrew Sullivan’s looking for sympathy, he’s barking up the wrong tree.



Andrew Sullivan wants to make the distinction between strippers and fun, costumed drag queens