Abbreviated Pundit Roundup: The success of the Biden presidency
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David Brooks/NY Times: Joe Biden Is Succeeding The Biden $1.9 trillion stimulus package passed and has been tremendously successful. It heated the overall economy. The Conference Board projects that real G.D.P. growth will be about 5 percent thiAbbreviated Pundit Roundup: The success of the Biden presidency
David Brooks/NY Times: Joe Biden Is Succeeding The Biden $1.9 trillion stimulus package passed and has been tremendously successful. It heated the overall economy. The Conference Board projects that real G.D.P. growth will be about 5 percent this quarter. The unemployment rate is falling. Retail sales are surging. About two-thirds of Americans feel their household’s financial situation is good. But the best part is that the benefits are flowing to those down the educational and income ladder. In just the first month of payments, the expanded child tax credit piece of the stimulus bill kept three million American children out of poverty. Pay for hourly workers in the leisure and hospitality sector jumped 13 percent in August compared to the previous year. By June, there were more nonfarm job openings than there had been at any other time in American history. Workers have tremendous power these days. xCOVID relief act is law and so is infrastructure. Climate/social safety net program just passed the House, now headed to Senate. That’s awfully productive for a presidency I keep hearing can’t get anything done.— Jonathan Cohn (@CitizenCohn) November 19, 2021 Read more

