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Joe Biden mimics Franklin Roosevelt with $2trn Covid recovery plan
US president Biden's $2 trillion infrastructure spending plan is being compared to the New Deal infrastructure plans of Franklin Delano Roosevelt in the 1930's. FDR was preceded by Republican administrations under Hoover and other presidents who followed policies that can be compared to the Reagan administration policies when public sector spending was not seen to be as efficient as private sector spending. By the time of the economic collapse in the 1930's it had become clear that only the federal government could save the country in the depression. During the pandemic and collapse of the health systems it was clear that only the federal government could save the country. It is now also evident that infrastructure building led by the government can rebuild America. In the 1930's and during other periods in American history such as the building of the Erie Canal and other public sector infrastructure projects in the 19th century it was the federal government that led the way to building America.
Biden's multi-trillion infrastructure spending plans for renewal of America
03/30/2021
US president Biden is pushing ahead with infrastructure spending on a big scale. He no longer seeks support from Republicans as he does not want to see the plans shrink. He is able to do this because the American people now have new perceptions about the role of government. They see it as indispensable in trade, global supply chains, protecting American technology, and in keeping America ahead with the latest infrastructure, skills development with education, healthcare that keeps Americans healthy.
Grouped Articles
Live Updates: Learning From the Past, Biden Aims for Big Spending Early in His Term
NYTimes.com 03/30/2021
Biden to Outline Proposal for Infrastructure Spending, Tax Increases
WSJ 03/30/2021
Behind Biden’s Big Plans: Belief That Government Can Drive Growth
WSJ 03/30/2021
One-term leader Joe Biden in a hurry
The Times 04/01/2021
Joe Biden mimics Franklin Roosevelt with $2trn Covid recovery plan
The Times 04/01/2021
Global corporate minimum tax rate to pay for new infrastructure
04/07/2021
Grouped Articles
Biden Softens Tax Plan Aimed at Profitable Companies That Pay Little
WSJ 04/07/2021
G-20 to Seek Agreement on Global Minimum Tax Rate by Mid-2021
WSJ 04/07/2021
Treasury’s Yellen Calls for Global Minimum Corporate Tax Rate
WSJ 04/05/2021
Yellen Pushes for Global Minimum Tax Rate on Companies: Live Updates
NYTimes.com 04/05/2021
Biden Infrastructure Plan Aims to Boost Economy’s Productivity Over Time
WSJ 04/01/2021
Joe Biden mimics Franklin Roosevelt with $2trn Covid recovery plan
The Times 04/01/2021
Biden $1.9 trillion aid and US economic rebound by 2022
03/11/2021
The Biden aid package for $1.9 trillion, with over 50% going to ordinary Americans hit hardest by the coronavirus, leads to new optimism about an American economic rebound. The package cleared the US Congress on March 10, 2021. By the end of 2022 the OECD forecast is for a US economy that is larger than forecast before the pandemic.
Grouped Articles
New Stimulus Package Brings Big Benefits to the Middle Class
NYTimes.com 03/11/2021
With Relief Plan, Biden Takes on a New Role: Crusader for the Poor
NYTimes.com 03/11/2021
Triumphant Joe Biden secures $1.9trn bailout rescue deal
The Times 03/11/2021
Unexpected U.S. Growth Surge Could Unbalance Fragile Global Economy
WSJ 03/09/2021
China’s Rise Drives a U.S. Experiment in Industrial Policy
WSJ 03/10/2021
America’s Battery-Powered Car Hopes Ride on Lithium. One Producer Paves the Way.
WSJ 03/09/2021
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