Noah Smith, Columnist

Biden Will Need to Get Creative to Save the Economy

Directly subsidizing local business creation is a plan even Republicans could love.

November 8, 2020 at 1:00 PM UTC

Noah Smith is a former Bloomberg Opinion columnist. He was an assistant professor of finance at Stony Brook University, and he blogs at Noahpinion.

Reviving businesses knocked out by the pandemic could bring needed jobs to the economic recovery. — Reviving businesses knocked out by the pandemic could bring needed jobs to the economic recovery.
Photographer: Cindy Ord/Getty Images

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Joe Biden has been elected to be the next President of the United States. Now he'll have to get creative.

When the President-elect takes office, he’ll confront the country’s two most acute challenges: an ongoing Covid-19 pandemic and the economic damage it's wrought. But he'll have an uphill battle to enact the sort of bold policy agenda that many supporters were hoping for.