he spoke about its passage a little while ago. update our viewers. reporter: wolf, it was the top priority from the day president biden set foot in the oval office 50 days ago. and when he speaks to the nation tomorrow night in his first primetime address he says he is going to talk about the next phase of the covid recovery process, the next phase where the backbone of it will be the legislative victory he just secured. help is on the way. reporter: tonight on day 50 for president joe biden the first mission accomplished. this bill represents a historic, historic victory for the american people. reporter: the house passing biden s number one priority, the sweeping $1.9 trillion covid relief plan. and biden planning to sign it into law on friday. we have passed historic, consequential and transformative legislation. reporter: the bill broadly popular nationwide with 61% supporting the measure according to a cnn/ssrs poll and 66% saying the bill will help the eco
Or pharmacist about shingles. we have been covering how republicans who oppose passing the big stimulus bill, like the american rescue plan, or president biden s infrastructure bill turnaround not only take money from those bills, allocated to the communities, they jump right into take credit for it all. we told you how people like medicine me independent restaurant
Thought, and that it wiped out 39% to 40% of families net worth. does that in fact justify what the president has been saying and the white house has been saying about the need for more help and the need for more stimulus? andrea, well, it s devastating. it is horrendous. families have had so much of their life savings just erased from this financial crisis and the subsequent enormous recession. the problem is, the president s program has been making it worse. the president got the big stimulus bill that he wanted. he got the huge health care takeover that he wanted. he had complete control of the elected government for the first two years, could do whatever he wanted, and he did, and we are still in this terrible situation where the economic growth is so feeble that we re not even creating enough jobs to meet the demands of the new entrants in the work force, much less putting back to work the people who have lost their jobs. what we need to do is clear away some of these excessive
Things he wanted to do but his team wouldn t let him to do to say what have i got in the tool kit that i can use now, including more innovation because he s not been very innovative. okay. he did the big stimulus bill and now doing the american jobs bill, putting people to work building roads and bridges. we ve been pushing that like bandits. think it s a big thing and he s going after the rich rhetorically. get the rich to pay for the bridges. exactly. at the end of the book we have an interview and the president said i ve learned hard lessons, not technocrat in disease, i m past that now. you ll see a more dynamic president going forward. right now he s trying to fill that larger role. let s see how he does. only has a few months before the campaign eats him next year. this is his best last chance. when he s in the room and is in trouble, who is the lifeline, who does he call? i don t know what s going on. the market is going down. the market just did. what do i do? who does he
I have thought from the beginning that the president put a lot of faith into larry summers, the former president of harvard. he s a libbial and keynesian. when the consumer is not spending and business isn t investing, the government s got to pick up the load to do that. he did, that big stimulus bill. why are we still facing 9% unemployment? that s what most people ask it. he did a big stimulus bill, by the summer of 2009 he realized it hadn t worked. it wasn t enough and got in a swirl, lots of relitigation. larry says division aggregate demand, not enough demand. need a bigger demand. and then they got into the budget battle. between the deficit hawks and people wanting stimulus. the president couldn t decide all the way into 2010. right now when we look at our president being very populist now, looking to the left a bit in his rhetoric, does he have a sense in his head that if he had no opposition out there, would he be spending more, running up the deficit or would he be s