dagblog - Comments for "Biden’s Stimulus Is the Dawn of a New Economic Era"

the absurdity of the "fuck

artappraiser — Fri, 12 Mar 2021 20:19:56 +0000

In reply to Biden’s Stimulus Is the Dawn of a New Economic Era

the absurdity of the "fuck Joe Biden" socialist activists in places like Nevada and Portland really hits when you see an essay like this:

"Biden’s radicalism is not without reason. Or purpose. We desperately need a correction. A shift to the left in 2021 is completely defensible. But a shift this strong? On everything?"https://t.co/8vb8FHY80Q
— Andrew Sullivan (@sullydish) March 12, 2021

Part of Biden's speech

artappraiser — Fri, 12 Mar 2021 03:12:47 +0000

In reply to Biden’s Stimulus Is the Dawn of a New Economic Era

Part of Biden's speech tonight was an effort to make the case that people should have confidence in government — a sentiment that would offer his administration some reward if it catches on. https://t.co/7PLUowvDse
— Philip Bump (@pbump) March 12, 2021

One of the under-recognized flips last year was in Fox polling: the percentage of Americans wishing that the government would offer them help increased dramatically. That includes among Republicans. https://t.co/7PLUowvDse pic.twitter.com/iYc5vqQoTp
— Philip Bump (@pbump) March 12, 2021

One year ago we were debating

artappraiser — Fri, 12 Mar 2021 01:02:12 +0000

In reply to Biden’s Stimulus Is the Dawn of a New Economic Era

One year ago we were debating whether or not Joe Biden had dementia
— Bill Scher (@billscher) March 12, 2021

also see thread

I was so completely, utterly wrong about the Biden presidential bid, from the very beginning. I could not possibly have been more wrong.
— David Roberts (@drvolts) March 10, 2021

Bennet (D-Colo.) is the

artappraiser — Fri, 12 Mar 2021 00:37:11 +0000

In reply to Biden’s Stimulus Is the Dawn of a New Economic Era

Bennet (D-Colo.) is the unsung hero of child tax credit/ allowance victory. Has been working to build support among Senate Dems for years. In 2019, co-sponsored a version with the first Republican lawmaker to endorse a fully-refundable CTC (Romney). Got Biden-Harris on board. https://t.co/pJlxwWDXlB
— Catherine Rampell (@crampell) March 10, 2021

Jim Clyburn funning:

artappraiser — Thu, 11 Mar 2021 20:27:49 +0000

In reply to Biden’s Stimulus Is the Dawn of a New Economic Era

Jim Clyburn funning:

President Biden signed the American Rescue Plan into law.

The House passed my bill to close the Charleston Loophole.

And I got a 10/10 on @ratemyskyperoom.

Today is a good day. https://t.co/S1PN7M1ICt
— James E. Clyburn (@WhipClyburn) March 11, 2021

Is actually like tri

artappraiser — Thu, 11 Mar 2021 20:06:15 +0000

In reply to I can’t remember a time when

Is actually like tri-partisanship, across the board, and the way it's supposed to be with the presidential role, representing the majority of voters across the nation, forget all that gerrymandering in the House and the way the Senate is rigged in favor of less populous states. The only segment not satisfied seems to be the fiscal conservatives:

President Biden has managed to circumvent Republican politicians and sign into law policies that are popular with Republican voters as well as Democrats. It's a true achievement and a true bipartisan one, with or without Republican politicians. Sh'koiach, Mr. President. https://t.co/XD0XvyHWrd
— Batya Ungar-Sargon (@bungarsargon) March 11, 2021

and a reminder that even Trump fans were pro-stimulus in many ways. Of course a lot of Bernie Bros types are still highly dissatisfied, but their leader is leaving them behind, very proud of being part of the bill.

pic.twitter.com/OaLIv4vA2m

artappraiser — Thu, 11 Mar 2021 07:32:52 +0000

In reply to Biden’s Stimulus Is the Dawn of a New Economic Era

pic.twitter.com/OaLIv4vA2m
— Bad Econ Takes (@BadEconTakes) March 10, 2021

$28.6 billion in direct

artappraiser — Wed, 10 Mar 2021 22:23:39 +0000

In reply to Biden’s Stimulus Is the Dawn of a New Economic Era

$28.6 billion in direct restaurant aid:

How it started // How it’s going pic.twitter.com/v0xKxdmeql
— Matthew Yglesias (@mattyglesias) March 10, 2021

"We heard from people

artappraiser — Wed, 10 Mar 2021 22:13:48 +0000

In reply to Biden’s Stimulus Is the Dawn of a New Economic Era

"We heard from people experiencing homelessness that there is a tremendous sense of urgency to get people off the street, and into homes.

"We have a once in a lifetime opportunity with the rescue bill to get people into housing quickly."

- Nan Roman at #NAEH2021
— End Homelessness (@naehomelessness) March 10, 2021

(found retweeted by housing expert Diane Yentl)

How the $1.9 trillion U.S.

artappraiser — Wed, 10 Mar 2021 22:06:45 +0000

In reply to Biden’s Stimulus Is the Dawn of a New Economic Era

How the $1.9 trillion U.S. stimulus package compares with other countries’ coronavirus spending

by Adam Taylor @ WashingtonPost.com, March 10

[....] Just how much is $1.9 trillion on a global scale?

It’s big. To put it in context, Biden’s American Rescue Plan alone is larger than most countries’ annual economic output, running slightly behind Italy and ahead of Brazil according to 2019 data from the World Bank.

And it is only the latest U.S. measure. In December, Congress passed a $900 billion relief bill, on top of more than $2.5 trillion of aid authorized during President Donald Trump’s final full year in office.

The United States appears to have spent more than anywhere else on coronavirus relief. The U.S. economy is the largest in the world, so the country has more to spend.

Japan, which approved a $707 billion stimulus in December on top of two previous packages that amounted to $2.2 trillion, probably comes in second. However, some analysts take issue with Japan’s figures, saying they include more than just government coronavirus spending.

Comparisons can be tricky: In some countries, generous social safety nets that were already in place have kicked into gear during the pandemic, easing the need for massive spending pushes.

How does U.S. spending compare?

Ceyhun Elgin, a macroeconomist at Boğaziçi University in Turkey who has been leading a team tracking countries’ fiscal responses to the pandemic as share of gross domestic product, said that before Biden’s relief package the United States had committed to around 18.22 percent of its GDP — the 13th largest share among 168 countries being tracked [....]