Joe Biden's Economic Plan Will Depend on Path of the Coronavirus
When Barack Obama moved into the White House in January 2009, it was the depth of the Great Recession with the economy having lost nearly 3.6 million jobs the prior year and still shedding jobs at a rate of 800,000 a month.
Eight years later, Donald Trump inherited an economy well on the mend with more than 200,000 jobs created in January 2017 and the unemployment rate at 4.8%.
Fast forward to today and the economy is poised on a knife's edge between a rebound from the depths of the COVID-19 recession and concerns that a sudden increase in new coronavirus cases will once again derail the recovery.
It is not like President-elect Joe Biden lacks experience dealing with economic woe, having been deputized in 2009 by Obama to oversee a $800 billion recovery plan while the president focused on getting the Affordable Care Act through Congress.
"He may be the most battle-tested president from the perspective of implementing stimulus plans than, you know, anyone I can think of," former Biden economic adviser Jared Bernstein told NPR's "All Things Considered" program in June.
https://www.msn.com/en-us/news/politics/joe-bidens-economic-plan-will-depend-on-path-of-the-coronavirus/ar-BB1aYUWI?li=BBnb7Kz
= new reply since forum marked as read
