starting to slow, we have been seeing that lower wage workers, and this is crucial, the people who make the least are making are getting the biggest wage increases. none of this happened by accident. the big lesson that came out of the great recession, and the financial crisis and its aftermath, was that the recovery act, the stimulus package, which totaled about 800 billion dollars, ended up being too small. in the midst of a crisis like that, you only get one shot to get it right. so since then, a lot of progressive economists have argued for a different model. and they were successful. this time the biden administration, the folks in democratic policy and politics aired on the side of going to big, with a 1.9 trillion dollar american rescue plan, one of the first things passed, and people argued it was too much. they had a lot of critics, and they got some ammunition when inflation did in fact shoot up quite a bit and people understandably didn t like it. but the american rescue pla
i think that i raised this point with you earlier, and it continues to be something that i am a piece obsessed with here. in 2010, this was something, spending, austerity, that debt ceiling the republicans ran on, they can plausibly say that they are running on. it now, it s just nowhere. i covered the campaign very closely. it was not anywhere. in fact, i thought that nate cohn made a good point. march 2020, when biden just elected, aarp, american rescue plan. more republican said that they heard a lot about the news that the dr. seuss estate had decided to stop selling six books it deemed offensive imagery than the 1.9 trillion dollar stimulus package enacted into the law that very weak. i think this is a misreading, even of their own base. it s like this digital, it s like writing last year s update on your checks in january. this is what they are doing, because it s what they do. i don t even know who wants it. nobody.
was sworn in as president. [applause] and with your help with your help, we have gotten a lot done. that was president biden this afternoon commemorating the two year anniversary of his inauguration and touting his administration s accomplishments. like the lowest unemployment rate in 50 years and job growth. the first two months of his presidency, while covid raged across the country, biden signed into law the 1.9 trillion dollar american rescue plan. this summer, the administration passed the inflation reduction act, which is president biden s massive and signature bill that invested hundreds of billions of dollars in climate change and health care and fighting inflation and set a corporate minimum tax rate. biden signed into law gun reform, the first kind of gun reform legislation we have seen in decades. he also signed into law the bipartisan infrastructure bill and the respect for marriage
nancy pelosi would not give up. we go through the gate. the gate is closed, we ll go over the fence. the fences to i? we ll pole vault. and if that doesn t work, we will parachuted. but we re going to get health care reform passed for the american people, for their own personal health and economic security and for the important role it will play in reducing the deficit. she did. i read a story about how ron manual at that point she staff of personal by obama wanted to basically abandon it and just pass a small little version of child health care, which she called the it s a bit eaten cease by either version which he said she wouldn t do. now, she delivered the votes and passed obamacare. they pass the bill, it passed the senate, read through the house, got it done. then the first two years of the biden administration 90 pelosi and democrats deliver on a slew of policy priorities. there is the american rescue plan, a 1.9 trillion dollar recovery bill as we emerge from
said on the debate stage that he wants to privatized social security, not too long ago. he said he wants to cut the not, and that s not good for seniors. he wants to send their hard earned benefits to wall street. and on the tax issue mentioned, he says he wants to double down on donald trump s 1.9 trillion dollar tax cut, to the biggest corporations, and the wealthiest americans. that s his economic, plan those two things. he also said he wouldn t ever stand up to big pharma, he didn t say like that, but he said the legislation that we got across the finish line, that i negotiated, within our caucus, he said he wouldn t support that. and he would allow seniors to continue paying more for the prescription drugs. so he s not on the side of arizonans, especially arizona seniors. let s listen to what president obama said in arizona, about the crime issue. who will fight to keep you in your family safe? is the republicans who want to