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Joe Biden, Economy Killer | RealClearPolitics

Along with a working vaccine, Joe Biden inherited a V-shaped economic recovery, but he is now planting the seeds of its destruction. Inflation, federal deficits, high taxes, incentives for workers to stay home, and incentives to avoid investment – they’re all coming back. Together, these elements create the perfect brew for a Lyndon Johnson-style stagflation. If Biden and the Democrats so quickly wreck the good economic path they were given, it will be one of the worst examples of government malpractice in U.S. economic history. In the first, dark days of the COVID-19 national economic shutdown last spring, there was a clear need for major stimulus. Both parties united to pass an effective and much-needed response.

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Biden, Powell paddling in same direction on policy front | Hellenic Shipping News Worldwide

Biden, Powell paddling in same direction on policy front Within a span of six hours last week, U.S. President Joe Biden and Federal Reserve Chair Jerome Powell embarked on a potentially historic course, pairing massive government spending and ultra-easy monetary policy in an effort not just to rescue the economy from a recession but to reset its trajectory. Powell’s motivation is to push the limits of a job market rebound as far as possible, a goal that is a step beyond what the U.S. central bank has done before and which he restated Wednesday in an emphatic pledge to get Americans back to work.

United statesWhite houseDistrict of columbiaJerome powellBarack obamaArthur burnsJoel prakkenJoe bidenBill clintonJason furmanRichard nixonWhite house council of economic advisersHarvard kennedy school of governmentLyndon johnson great societyFederal reserveBoston college

Analysis: Biden, Powell paddling in same direction on policy front

7 Min Read WASHINGTON (Reuters) - Within a span of six hours last week, U.S. President Joe Biden and Federal Reserve Chair Jerome Powell embarked on a potentially historic course, pairing massive government spending and ultra-easy monetary policy in an effort not just to rescue the economy from a recession but to reset its trajectory. FILE PHOTO: U.S. President Joe Biden addresses a joint session of Congress as Vice President Kamala Harris and Speaker of the House U.S. Rep. Nancy Pelosi (D-CA) applaud, at the U.S. Capitol in Washington, DC, U.S. April 28, 2021. Chip Somodevilla/Pool via REUTERS

United statesWhite houseDistrict of columbiaJerome powellPaul simaoBarack obamaDan burnsArthur burnsJoel prakkenJoe bidenBill clintonHoward schneiderJason furmanRichard nixonThomson reuters trust principlesWhite house council of economic advisers

Analysis: Biden, Powell paddling in same direction on policy front

Analysis: Biden, Powell paddling in same direction on policy front
yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.

United statesWhite houseDistrict of columbiaJerome powellPaul simaoBarack obamaDan burnsArthur burnsJoel prakkenJoe bidenBill clintonHoward schneiderJason furmanRichard nixonWhite house council of economic advisersHarvard kennedy school of government

Analysis: Biden, Powell paddling in same direction on policy front

Analysis: Biden, Powell paddling in same direction on policy front
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

United statesWhite houseDistrict of columbiaJerome powellBarack obamaArthur burnsJoel prakkenJoe bidenBill clintonJason furmanRichard nixonThomson reuters trust principlesWhite house council of economic advisersHarvard kennedy school of governmentLyndon johnson great societyFederal reserve