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DonViejo

(60,536 posts)
Sun Mar 7, 2021, 01:14 PM Mar 2021

'We need the government': Biden's $1.9 trillion relief plan reflects seismic shifts in U.S. politics



Jeff Stein 3 hrs ago

A new Democratic administration facing down a massive economic crisis pushes a $800 billion stimulus package. A bloc of centrist Democrats balk at the price-tag, and Republicans are thrown into a frenzy warning about the impact to the federal deficit.

A little more than a decade later, another new Democratic administration takes office facing a different economic crisis. This time, it proposes spending an additional $1.9 trillion in spending, even though the federal deficit last year was $3.1 trillion — much larger than during the last crisis. Centrist Democrats unify behind passing the measure, and the GOP rejects it but in a more muted fashion.

The disparity between the reception to President Barack Obama’s 2009 stimulus plan and President Biden’s is the result of several seismic shifts in American politics — the most dramatic of which may be the apparent impact of the pandemic on attitudes about the role of government in helping the economy.

Since the outset of the coronavirus, polling has found substantial support among Americans for providing more government aid for those in need. That is partially due to the nature of the current crisis, which for a time opened a deeper economic hole than even the Great Recession. But the shift is also the result of a reorientation on economic policy — both on the left and on the right — that has transformed the political landscape.

more/NO PAYWALL
https://www.msn.com/en-us/news/politics/e2-80-98we-need-the-government-e2-80-99-biden-e2-80-99s-2419-trillion-relief-plan-reflects-seismic-shifts-in-us-politics/ar-BB1eknRb
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