Twice it was apparently dead in the Senate and twice he intervened to keep Republicans and Democrats talking. This was the kind of effort that voters elected him to pursue and that he promised in his inaugural address. All of the economy’s near-term ailments derive from the coronavirus, so the pursuit of the public health mission is very important economic policy. The American Rescue Plan – the $1.9 trillion stimulus passed in March 2021 – was a major policy error. If it maintains this pace, it is on track for an $800 billion regulatory tax over the current term.

Source: Forbes January 21, 2022 12:21 UTC