Commentary
Massive government stimulus bills have led to GDP contraction, not growth.
On Nov. 23, 2020, Joe Biden announced key members of his cabinet. Democrat-supporting left-wing website PoliticusUSA characterized it this way: “The adults are back in charge, and the American people are about to be reminded of what it’s like to have a competent government working for them.”
That was a common refrain during the transition period and continued through June 2021, when Biden’s message to Vladimir Putin was paraphrased by CNN’s Chris Cillizza this way: “The Trump presidency was over—and that the adults were back in charge.”
Then there was NBC’s Jim Cramer boasting about the government-stimulated Biden economy in December 2021: “To me, we have the strongest economy perhaps I have ever seen.”
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