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Biden’s $1.9 Trillion Win on Covid Aid Hobbles Rest of Agenda

  • No decent economic justification seen for stimulus checks
  • Inflation surge has dimmed appetite for major new spending
Joe Biden

Joe Biden

Photographer: Al Drago/Bloomberg

There’s little doubt President Joe Biden had it right when he called the $1.9 trillion pandemic relief package that Democrats rammed through Congress a year ago one of the most consequential in U.S. history.

The trouble is that he didn’t envisage some of the consequences.