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President-elect Joe Biden’s plan to “rescue” the American economy proposes $1.9 trillion in federal spending to fund a national vaccine program, boost unemployment benefits, provide additional direct payments to Americans, assist state and local governments, and more. (See more details here.) “During this pandemic, millions of Americans, through no fault of their own, have lost the dignity and respect that comes with a job and a paycheck,” Biden said in a speech Thursday night. “The very health of our nation is at stake.” Economists were largely supportive of the plan. Mark Zandi and Bernard Yaros of Moody’s Analytics projected that Biden’s proposal, if enacted in full, “would provide a large boost to the economy,” leading to GDP growth of nearly 8% this year and 4% next year, while restoring nearly full employment by fall 2022. Still, analysts at Moody’s and elsewhere were skeptical that Biden’s

Joe bidenUnemployment benefitsLiberal democratsGoldman sachsRepublican oppositionPresident electFederal spendingCo vidThe proposalஓஹோ பிடென்வேலையின்மை நன்மைகள்தாராளவாத ஜனநாயகவாதிகள்கோல்ட்மேன் சாக்ஸ்குடியரசு எதிர்ப்புப்ரெஸிடெஂட் தேர்ந்தெடுக்கப்பட்டவர்கள்கூட்டாட்சியின் செலவு