Economists Expect Stimulau Package to Jump-Start U.S. Economy

5.95%

“The nearly $1.9 trillion relief package heading for House passage Wednesday is projected to help propel the U.S. economy to its fastest annual growth in nearly four decades, reduce poverty and revive inflation,” the Wall Street Journal reports. “The legislation—following trillions of dollars in federal aid last year and arriving amid rising Covid-19 vaccination rates—prompted economists surveyed by The Wall Street Journal in recent days to boost their average forecast for 2021 economic growth to 5.95%, measured from the fourth quarter of last year to the same period this year. That was up from their 4.87% projection last month and would be the U.S. economy’s fastest since a 7.9% burst in 1983.”

Republicans’ Hypocrisy Enables Opposition to Biden’s Relief Bill

“Voters may like a president’s policies in the abstract but still think he isn’t doing a good job or that his policies aren’t that effective if those policies aren’t bipartisan. Think of this as the Mitch McConnell theory. … Put another way: The opposition party can guarantee a lack of bipartisan support — and then criticize the president for lacking bipartisan support.”

Perry Bacon Jr.