Donald Trump Vs. Joe Biden on Economies and Markets is a hot topic of debate, particularly in the Democratic primary. And why not? Both are relatively new to national politics; both are relatively new to national media; both have pretty good track records, and they both have something in common.
The similarities are twofold: first, both men are relatively new, which has some advantages and disadvantages, and second, they are both highly experienced. Biden has been around for some years. Trump has never been anywhere near as experienced, but that’s a bit of a disadvantage, too. So let’s look at them one at a time, and try to evaluate their differences.
Both men have new faces, and that means fresh perspectives. When new faces enter the political arena, it’s easy for them to take some sort of ideological stance or start from a position of “us vs. them”, or whatever they might think will work to their advantage.
That’s not the case with Biden and Trump, because they are fresh to national politics and they are starting out from a position of strength. They both have won states. And both have very strong personalities, which could play a role in their negotiations. In fact, some of their negotiating skills and personality traits have served them well, and some of their negotiating tactics have backfired.
Of course, neither candidate is a great negotiator. But each of them will have plenty of negotiating experience, and that will work in their favor, too.
Both men will have a different time to grow as politicians, as well. It will take more than six years for the new president to start putting his mark on American politics. But if they both go into the general election with a full head of steam, they’ll be able to build on that momentum in the first couple of months.
The vice president, on the other hand, might get even shorter a leash. He’ll be running for reelection. If he loses, there’s a chance he won’t get another shot for six years. That’s not the case with either candidate, of course, but it would be nice to know they have a little more flexibility.
We can expect to see a lot of heated rhetoric and some very heated competition when these two men face off in the fall, and November. But both will have a unique opportunity to lay down some serious ground rules and claim credit for real accomplishments, which could help shape the future of the country for a long time to come.
The vice president has said that he’ll put together an agenda, which is one of his primary goals in the run-up to the election. This could include some serious legislation. He might propose an immigration bill or something that goes after Wall Street, the pharmaceutical companies, or other areas of corruption.
Of course, the vice president also has some wiggle room. His primary focus is probably going to be on his own re-election.
So, you could be looking at the two of them talking about tax cuts for the middle class, or maybe about entitlement reform, along with the president putting forward some proposals on foreign policy. The only thing that will be of interest to either candidate is to make sure he’s getting all the blame for the failure or success of the campaign.
But neither man is going to want to let his rival talk over him, so it will be interesting to see how they negotiate this. Both will have to be willing to give in order to get anything done. But that’s not going to be easy.
There are lots of other challenges facing both men, of course. There’s no doubt they’ll each try to paint the other in a way that benefits them politically. But they’ll have to avoid making mistakes.