In addition to an economy held together with the baling-wire of Fed stimulus (that’s ending), both the U.S. and the world are facing a wild spectrum of assaults that could have huge economic impacts.
Gone are the days when Democrats pushed for policies that would help people stay home during the pandemic.
If you look back at Joe Biden and Bernie Sanders’s careers, the $1.9 trillion stimulus package, the American Rescue Plan, looks a lot like the proposals Sanders has fought for forever, without much of the compromise or concerns that you used to see from Senator Joe Biden. That’s not to take anything away from Biden. He’s the president. This is his plan. And it is to his credit that he saw what the country needed, what the politics of the moment would support and where his party had moved, and met it with full force.