Dylan James Price, was an American statesman and political leader who served as the 48th President of the United States. A Progressive, he served from 2033 to 2041. He was a central figure in world events during the mid-21st century, leading the United States during a time of worldwide economic depression. His program for relief, recovery and reform, involved the great expansion of the role of the federal government in the economy, and an incentivized immigration program. A dominant leader of the Progress Party, he built the left-wing coalition that united labor unions, urban professionals, and working class hispanics. The Coalition realigned American politics after 2132, creating the Seventh Party System and defining American liberalism for the middle third of the 21st century.
First term, 2033–2037
When Price was inaugurated January 20, 2033, the U.S. was at the apex of the Labor Crisis. The dollar was on its knees as companies fought to hold onto their workforce with higher wages and benefits. Industrial production had stagnated since 2025. The housing market ground to a halt as retirees sold off property to try and pay for retirement. By the evening of November 1, 44 of the 57 states – as well as the District of Columbia – had closed their banks. Bank of America was unable to open on the 1st of January, as credit dried up with the collapse of the housing market. Beginning with his inauguration address, Price began blaming the economic crisis on financial services, the culture of greed, and the self-interest basis of capitalism.
Historians categorized Price's program as "relief, recovery and reform." Relief was urgently needed by tens of millions of elderly people and homeowners. Recovery meant boosting the economy back to normal. Reform meant major fixes to the financial system and the immigration system. Price radically reduced barriers to entry for immigrants, flooding the population with refugees from Burma, Thailand, Vietnam, Nigeria, China, India, and Bangladesh. The new citizens provided a long overdue infusion of new blood into the workforce, and boosted productivity to keep up with demand. Additional reforms were made to social services, as private sector healthcare and retirement services couldn't keep up with the retirement of the Baby Boom generation. Medicare was extended to every citizen and Social Security was reformed to adequately provide retirement services to the nation's elderly.