Mike Pesca (1:25)
It's Monday, December 8, 2025. From Peach Fish Productions, it's the Gist. I'm Mike Pesca. Why did Joe Biden not win reelection? Biggest answer, he didn't run again. But why didn't he run again? Because he was not up to it health wise. And then he handed off to Kamala Harris. We all know what happened, but mostly she identified with and defended the policies of Joe Biden and in our current state of affairs with Donald Trump not doing well on economic issues most important to Americans, but also underwater on important things including immigration. The supposition is that Joe Biden lost for reasons of style or fairness or perceived cognitive abilities, but nothing to do with policy. However, there is a new story in the New York Times that I think is really important to read and I highlighted on the GIST list, which is my daily compendium of the stories that I think you should read or that I thought were interesting or delightful. Substack Mike pesca.com I'll throw you, I'll throw you a discount if you go there. And anyway, it was about the concrete policy options that Joe Biden declined when it came to immigration. He did not adopt the policy of faster asylum screenings. He did not use reception centers to hold migrants until their claims were processed. He did not limit the forms of remain in Mexico. He was against remain in Mexico. That was he and the people around him perceived a loathsome Trump era policy. And then there were the bigger things. That would have been hard, but you know, pushing foreign governments harder to slow the flows of immigrants or to act earlier with executive actions or asylum restrictions. We won't go through it all. I think you should read it maybe by getting there through the just list. But think about it, think about it. If you have defended Joe Biden as I have at times, if you and I didn't do this, said he will be remembered as a great president, he won't. I think the easiest case to be made, especially to someone who hates Trump, is he didn't do enough to keep Trump out of office. But the actual policies that he championed were not supported by the American people. And the other big one was the economy. And I have tough news on that that people don't like to hear. But when the inflation rate hit the highest, it did for a month, which is June of 2022, and it hit 9 point, you know, 3 or 4% of that was because of what I just said. Why he would be remembered as a great president was supposedly because he passed a lot of spending. And this was what the country needed at the time. But it didn't need the American rescue plan. It didn't need that. It didn't need the amount of inflation that injected into the economy. And I've talked to many, many economists and they will all tell you, I don't know of the 9%, 3% of the 9 was because of the American rescue plan. More money chasing the same amount of good. I even talked to economists within the Biden White House who weren't even ashamed of it. They just looked me in the eye and said, yep, you are right. I would say almost half of that. This economist told me almost half of the inflation was because of this overly generous ARP American rescue plan. I also know and can anticipate, and I hope I don't bore you, but I know the counterarguments are that inflation was high everywhere. Yes, it was high in Europe and it was high here and other parts of the 9% bigger maybe than the American rescue plan, where the war in Ukraine and that affected Europe much more than it did here and snagged supply chains. But it is just true. And you can't ever get an economist to tell you that it's not true that more money chasing the same amount of goods and services and that's also a consequence of the supply chain. The amount of goods and services were locked into place. That is what leads to inflation. And if you want to rebut that, then throw all the other economics out the window we that you use maybe to criticize the politicians you do like or don't, because you're not arguing with me, you're just interested in what I say or believe me to begin with. So my points as we look at this are that rather than fighting, oh, you never proved that Joe Biden was not mentally aware enough to run for president. He championed two policies that America hated. And for all the other explanations that America is racist or that Trump's a fascist or that we don't care enough about autocracy, I think most Americans said we want something close to effective borders and we want a better economy and we're going to vote for the guy who could deliver. Now, Donald Trump did not deliver on both. He did deliver on one and he's not getting credit for it. Sometimes in politics when you deliver on an issue, just take it off the table and don't get credit for it. But yeah, I think that this is a really important article to read and grapple with if you haven't grappled with it already. That is my recommendation on the show today. The mispronounced word of the year. It is not a one instead of AI for steak sauce. That would have been fun. Linda McMahon did one of those. It is not scourge. Instead of scourge. I hear people doing that left and right. I guess it's acceptable. It is not my common mispronunciation, which I must own of Emil Bove. It is in fact Beauvais. It is not pronouncing Terry Rozier, Cliff Rozier, who is another basketball player. But Cliff has died and Terry is the one who was indicted for gambling. So I got that wrong on the Saturday show. It is none of those. It is Zoran. Say it with me, Mom, Donnie. But first, his last name is Zogby. Z O U G H B I E But I knew it was Zogby because I've known other Zog. They are the brothers Jim and John Zogby, a pollster and a Democratic operative. Daniel Zogby, no relation, the name is spelled differently. Is an academic who has looked at the history of the Middle east and has authored a new book called Kicking the Hornet's Nest. Kicking the hornet's nest. U.S. foreign Policy in the Middle east from Truman to Trump. Daniel Zogby, up next.