2. Biden could also end up getting good marks on economy if 1) Fed sticks to full employment goal 2) robust stimulus 3) robust recovery when vaccine tamps down on Covid. But none of these things are for sure.
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Destroyed a balanced budget. Destroyed a balanced budget. Destroyed a balanced budget. Destroyed a balanced budget.
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Balanced budgets are bad.
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Really, it’s just that Powell is good. Not perfect and hers apply a penalty rare on MLF which sucks huge. But he’s the best Fed Chair of my lifetime
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I think a big part of that perception, though, was the belief that he’s a “billionaire” and a businessman who’s had a successful company. So he must know something about the economy.
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Ppl believed the character they saw on Celebrity Apprentice. Despite facts.
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The dynamic where GOP presidents get more stimulus done than Dem ones precisely because Democrats have an ideological predisposition to it (so they end up supporting it in opposition too) is likely to be with us for the rest of our lives. It makes a mockery of accountability.
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