Washington Post economics reporter: Relief package opens potential for 'New Deal-style' boom

[DonViejo]

Washington Post economic reporter Jeff Stein said Thursday that the recently passed American Rescue Plan’s coronavirus stimulus checks help open up the potential for a “New Deal-style” economic boom.

Stein told Hill.TV’s “Rising” that the passage of the COVID-19 relief package has led to “the rosiest moment in over a year," adding that he thinks “we’re looking at turning a corner after such a dark winter.”

He said that increased COVID-19 vaccinations in addition to government stimulus checks, unemployment benefits and state aid are contributing to “hope” about the future.

“All of it is fueling this expectation,” Stein said. “Goldman Sachs is now predicting 8 percent growth at the end of this year, which would be the fastest in over 60 years. This is really the potential for a New Deal-style boom.”

more + video
https://thehill.com/hilltv/rising/543867-washington-post-economics-reporter-relief-package-helps-open-potential-for-new

[Johnny2X2X]

1. This is why Reps universally opposed it

The economy is ready to take off like a rocket and they know Joe will get full credit.

[soothsayer]

2. I was actually hoping for drumpf to do this when the pandemic hit and unemployment soared

But nope he just pumped money into the markets

[PETRUS]

3. Human and nonhuman life will pay for this dearly.

The US economy doesn't need to grow. None of the rich countries should be pursuing growth. We should be figuring out managed de-growth and redistribution. The ecosystem can't take much more.