Joe Biden has a plan to get the economy moving again after the coronavirus shutdown.
In an interview with Politico published over the weekend, Biden said that after injecting trillions of dollars to keep the economy from collapsing entirely, the next stimulus needs to be "a hell of a lot bigger."
More than three-quarters of the jobs "Created" by the stimulus in the first year were in government.
Shortly after Biden declared 2010 the "Summer of jobs," because that's when large chunks of the stimulus would be spent, the economy shed almost 300,000 jobs.
The biggest failure of the Obama stimulus was that it didn't stimulate economic growth.
The recovery from the recession - which ended six months after Obama and Biden took office - was the slowest since the Great Depression.
No matter how nostalgic Biden is about the good-old-days of the Obama stimulus, a repeat of its failures is the last thing the economy needs.
https://issuesinsights.com/2020/04/27/biden-lets-fix-the-economy-by-repeating-obamas-stimulus-fiasco/
In an interview with Politico published over the weekend, Biden said that after injecting trillions of dollars to keep the economy from collapsing entirely, the next stimulus needs to be "a hell of a lot bigger."
More than three-quarters of the jobs "Created" by the stimulus in the first year were in government.
Shortly after Biden declared 2010 the "Summer of jobs," because that's when large chunks of the stimulus would be spent, the economy shed almost 300,000 jobs.
The biggest failure of the Obama stimulus was that it didn't stimulate economic growth.
The recovery from the recession - which ended six months after Obama and Biden took office - was the slowest since the Great Depression.
No matter how nostalgic Biden is about the good-old-days of the Obama stimulus, a repeat of its failures is the last thing the economy needs.
https://issuesinsights.com/2020/04/27/biden-lets-fix-the-economy-by-repeating-obamas-stimulus-fiasco/
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