In late April, as COVID-19 panicked the nation and all but paralyzed his campaign, Joseph Robinette Biden Jr. huddled-virtually, of course-with his team of economic advisers.
Although the rate is also expected to improve in the second half of 2020, it's still likely to be in double digits by Election Day, White House senior economic adviser Kevin Hassett told CNN in late May. It was against this backdrop that Biden in mid-May assembled a new economic task force-one of six teams put together in key policy areas.
In an economic address in early May, Biden talked about remaking the country's unemployment insurance system, providing paid sick leave and child care support, guaranteeing access to higher education and high-quality health care and putting more protections in place to ensure fair wages among other measures.
The new economic agenda represents a swift, sharp turn for the typically moderate Biden, who during the primary debates scoffed at the impracticality of many of the policy positions he's now adopting.
"Whether you're talking to the chairman of the Fed, [or] economic experts almost across the board, conservative to liberal, there's an overwhelming consensus that it's critical to, as Nancy Pelosi calls it, go big," says former Senate Majority Leader Tom Daschle, a Biden campaign surrogate.
Bernstein, the Biden adviser, asserts Americans are re-evaluating Trump's economic leadership because the pandemic has shown that the previously booming economy "Was clearly built on sand." The economist says Trump's controversial and odd remarks, such as his suggestion that household disinfectant might be used inside the body to cure COVID-19, don't sit well with the public in these times.
"At the end of the day, Jerome Powell, Donald Trump, Steve Mnuchin, the secretary of treasury designee for the Biden administration, Joe Biden, [the] vice president of [a] Biden administration-they are all going to run ridiculous levels of deficit spending similar to World War II," he says.
Although the rate is also expected to improve in the second half of 2020, it's still likely to be in double digits by Election Day, White House senior economic adviser Kevin Hassett told CNN in late May. It was against this backdrop that Biden in mid-May assembled a new economic task force-one of six teams put together in key policy areas.
In an economic address in early May, Biden talked about remaking the country's unemployment insurance system, providing paid sick leave and child care support, guaranteeing access to higher education and high-quality health care and putting more protections in place to ensure fair wages among other measures.
The new economic agenda represents a swift, sharp turn for the typically moderate Biden, who during the primary debates scoffed at the impracticality of many of the policy positions he's now adopting.
"Whether you're talking to the chairman of the Fed, [or] economic experts almost across the board, conservative to liberal, there's an overwhelming consensus that it's critical to, as Nancy Pelosi calls it, go big," says former Senate Majority Leader Tom Daschle, a Biden campaign surrogate.
Bernstein, the Biden adviser, asserts Americans are re-evaluating Trump's economic leadership because the pandemic has shown that the previously booming economy "Was clearly built on sand." The economist says Trump's controversial and odd remarks, such as his suggestion that household disinfectant might be used inside the body to cure COVID-19, don't sit well with the public in these times.
"At the end of the day, Jerome Powell, Donald Trump, Steve Mnuchin, the secretary of treasury designee for the Biden administration, Joe Biden, [the] vice president of [a] Biden administration-they are all going to run ridiculous levels of deficit spending similar to World War II," he says.
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