The V-Shaped Recovery Never Happened mises.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mises.org Daily Mail and Mail on Sunday newspapers.
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Even as Senate Democrats prepare to push the $1.9 trillion Covid relief package over the finish line as soon as this weekend, some policy experts are still worried that the bill is poorly targeted, focused on the wrong issues or just plain too big.
According to The Washington Post’s Jeff Stein, Heather Long and Erica Werner Thursday, the grumblings of discontent aren’t limited to Republicans, whose opposition to the bill is both unanimous and unsurprising, and a number of economists of various political stripes. Some Democrats, including moderate senators whose support is needed to pass the legislation, have also had second thoughts.
The economy is still down by 9 5 million jobs Fox News says the latest jobs report means we don t need more pandemic relief mediamatters.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mediamatters.org Daily Mail and Mail on Sunday newspapers.
By Lambert Strether of Corrente.
Patient readers, Water Cooler was a little out of balance today, because there was more interesting business news than usual (a sign of shifts in the zeitgeist, perhaps). I will add more material here and there shortly. –lambert UDPATE All done!
Bird Song of the Day
From Buenos Aires, Argentina. Alert readers Flora and A Different Chris commented yesterday that they emjoyed the Bird Song of the Day. I too enjoy beginning writing on, er, a positive note. Thanks also to Doc Octogon, Amfortas the hippie, Patrick, and ambrit for discussing the habits of this interesting creature.
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President Joe Biden and the party are up against the mid-March expiration of unemployment benefits, so from their vantage point there isn’t time to mess around. Still, it’s a staggering amount of government spending. | Alex Brandon/AP Photo