Friday, April 30, 2021

Biden Deserves Zero Credit For Booming Economy, COVID Gains

As a matter of fact, the GDPNow forecast for Q1 - which is a running estimate of the economy based on available data as they are released - was much higher before Biden signed his rescue plan than where it ended up.

That's why, despite what Biden has repeatedly claimed, plenty of economists left and center objected to the "American Rescue Plan." As the Cato Institute pointed out, opponents included Bush chief economic advisor, Greg Mankiw; former chief economist at the IMF, Olivier Blanchard; chief economist at KPMG, Constance Hunter, "And the vast majority of business economists." Even Obama chief economist Jason Furman warned that it risked triggering inflation.

How about the progress against COVID-19? Again, Biden deserves no credit for that.

The vaccines were developed faster than anyone expected before Biden took office, in large part because of Donald Trump's Operation Warp Speed.

What has Biden done? He spent a fortune to set up government-run vaccine centers that proved to be a failure.

April 13 is the day that Biden officials recommending pausing the J&J vaccine - a decision they later reversed.

If Biden had any decency, he'd be thanking Donald Trump for his good fortune, and ours.

https://issuesinsights.com/2021/04/30/biden-deserves-zero-credit-for-booming-economy-covid-gains/ 

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