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Wed Jul 21, 2021, 12:48 PM

The GOP's favorite spin about Biden's plans just took a big hit [View all]



Tweet text:
Greg Sargent
@ThePlumLineGS
A big, big boost to Biden's $4 trillion plan: New report from economist Mark Zandi finds passing the *whole thing* is essential to securing the recovery, and says GOP inflation fears are overblown.

Zandi tells me this is an "inflection point" for the USA:

Opinion | The GOP’s favorite spin about Biden’s plans just took a big hit
A new report from a top economist makes a strong case for passing Biden's agenda.
washingtonpost.com
7:17 AM · Jul 21, 2021


https://www.washingtonpost.com/opinions/2021/07/21/biden-infrastructure-job-plan-inflation-republicans/

With President Biden and Democrats working to pass $4 trillion in new investments in our future, Republicans are making a big bet: All that spending will lead to sustained inflation, which they can use to claim Democrats have lost control of the economy.

Importantly, Zandi’s report concludes that concerns about inflation are “likely misplaced” and “overdone.”

In addition to giving the proposals a political lift, this will help us make sense of the deeper ideological argument of the moment — and demonstrate just how much is really at stake in getting this right.

The question is this: Will we seize what has plainly become a big and unexpected opportunity to set our country on a path toward dealing with multiple serious crises, from soaring inequality to our warming planet?

*snip*

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Reply The GOP's favorite spin about Biden's plans just took a big hit [View all]
Nevilledog Jul 2021 OP
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