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Former President Bill Clinton slammed President Trump saying, "if you want a president who defines the job as spending hours a day watching TV and zapping people on social media, he's your man," during Tuesday night's Democratic National Convention.

What he's saying: "Denying, distracting and demeaning works great if you're trying to entertain or inflame. In a real crisis, it collapses like a house of cards. COVID doesn't respond to any of that. To beat it, you have to actually go to work and deal with the facts."

  • "You know what Donald Trump will do with four more years: blame, bully and belittle. And you know what Joe Biden will do: build back better. It's Trump's 'us vs. them America' against Joe Biden's America."

Go deeper

Longtime diplomat says Trump conspiracies hurt U.S. more than Russia, China

Burns during Senate testimony in 2015. Photo: Tom Williams/CQ Roll Call

A longtime diplomat and Joe Biden adviser tells Axios that the United States has lost international credibility as President Trump spreads conspiracies while challenging his losing election results.

Why it matters: Nicholas Burns, a Harvard professor who previously served presidents from both political parties as a former ambassador and undersecretary of state, says the president's baseless challenges have undercut the U.S. as a beacon of democracy and critical voice against governmental overreach in other nations.

Biden's dull-by-design plan

Photo: Joe Raedle/Getty Images

The most remarkable part of President-elect Biden’s campaign and early picks for positions of true power is the unremarkable — and predictable — nature of his big moves. 

Why it matters: Biden is obsessed with bringing stability and conventional sanity back to governance. "He is approaching this — in part — like an experienced mechanic intent on repairing something that's been badly broken," said one source familiar with the president-elect's thinking.

Fed signals it could yank economic support quicker as inflation sticks around

Federal Reserve chairman Jerome Powell testifies during a hearing before Senate Banking, Housing and Urban Affairs Committee today. Photo: Alex Wong/Getty Images

The Federal Reserve will consider pulling back economic support sooner "as the threat of persistently high inflation has grown," chair Jerome Powell said during a congressional hearing on Tuesday.

Why it matters: This is the biggest signal yet the Fed is backing away from its stance that soaring prices would be fleeting — a change that could shift its policies that underpin the economy.

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