What Bidenomics learned from Obama's regrets
President Barack Obama entered the White House in 2009 during a brutal recession, quickly pushed through a sizable stimulus package and then spent the next several years realizing it wasn’t nearly big enough.
Joe Biden is determined not to have the same regrets if he wins.
The Democratic nominee and former vice president is surrounding himself with a more aggressive cadre of economic advisers who lean toward the liberal wing of the party, one that has itself moved significantly to the left since 2009 and shed most of its concern with appeasing budget hawks and Wall Street bankers who tend to worry about soaring deficits.
Should Biden take the White House and get a Democratic Senate, it will likely all translate into an immediate push to roll back President Donald Trump’s corporate tax cuts, slap significantly higher taxes on wealthy Americans and push through a multitrillion-dollar stimulus spending package aimed at fighting the Covid-19 virus, sending cash directly into people’s pockets, renewing enhanced unemployment benefits, rescuing struggling state budgets and investing in new infrastructure projects.
https://www.msn.com/en-us/news/politics/what-bidenomics-learned-from-obama-s-regrets/ar-BB192iIT?li=BBnbfcQ&ocid=DELLDHP
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