Author Topic: How Biden Became the Dollar Sign President..By RICH LOWRY  (Read 37 times)

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How Biden Became the Dollar Sign President..By RICH LOWRY
« on: April 01, 2021, 03:00:52 PM »
How Biden Became the Dollar Sign President

But when all the money is spent, will anyone really be able to point to transformative change?


03/31/2021 08:22 PM EDT

So far the defining word of the Biden era is “trillion.”

The Joe Biden who portrayed himself as a moderate, old school, bipartisan deal-maker during the presidential campaign is now a distant memory.

He’s been replaced by the Joe Biden who is dazzling progressives with his willingness to “go big”—in other words, spend jaw-dropping amounts that would have been unimaginable prior to the pandemic and, even now, are still shocking.

Why has Biden embarked on a historic spending splurge with nary a whisper of bipartisan support?

Well, Democrats talked themselves into the proposition over the past several years that there basically isn’t any such thing as spending too much money.

Relatedly, the consensus in the party is that Barack Obama went “too small,” with a stimulus package under a trillion dollars insufficient to fill the gap in demand after the financial crisis.

Besides, spending is what Biden can actually do—he can pass his stimulus and relief bills under the so-called reconciliation rules in the Senate, requiring only 50 votes rather than the 60 it takes to break a filibuster.

Finally, any Democratic president is drawn to the heroic allure of FDR and wants to measure himself against the New Deal.

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