https://issuesinsights.com/2022/03/02/biden-basically-admits-that-his-2-trillion-rescue-plan-was-a-colossal-failure/
“Biden wants the public to believe that today’s hard times aren’t his fault. He’s counting on the public being more mentally decrepit than he is.”
“Few pieces of legislation have done more in a critical moment in our history to lift us out of a crisis.” That was how President Joe Biden, early in his State of the Union address, described the $2 trillion “American Rescue Plan.” It’s hard to know where to begin in unpacking why this is so incredibly wrong.
But Biden himself provided one answer by spending much of his speech talking about how he’s going to fight rising inflation.
Put another way, what Biden said is that Americans need relief from Biden’s “rescue.”
How about his claim that this bill did “more in a critical moment in our history”? Let’s review.
First, the country wasn’t in an economic crisis. Not by a long shot. When Biden signed his deficit-financed spending spree into law, he did so more than a year after the recession had ended, and almost at the exact moment that GDP had regained all the ground it lost during the pointless COVID lockdowns.
Unemployment was plunging — much faster than expected — and prices were steady. And even some prominent liberals warned at the time that dumping $2 trillion in borrowed cash onto a fast-growing economy would spark a surge in inflation.