Thursday, December 24, 2020

What Lifted Trump Could Sink Biden — Brad DeLong

Donald Trump managed to receive 74 million votes despite countless failures for the simple reason that he presided over three years of a high-pressure economy in which wages grew rapidly. If the Democrats ignore this lesson or listen to fiscal hawks already pushing for austerity, they will face a painful reckoning in 2024....
Is anyone at Democratic Party HQ listening?

Project Syndicate
What Lifted Trump Could Sink Biden
Brad DeLong | Professor of Economics, UCAL Berkeley


Matt Franko said...

“Out of money!”

Mike Norman said...

I don't think Biden will go all-in fiscal hawk right away. The economy may be okay until the 2022 midterm elections, at which time he might see going deficit hawk as being politically expedient.

Mike Norman said...


Trump wasn't going to cancel student debt either, so nothing has changed there.

Peter Pan said...

It is said that Biden is in favor of the $600 stimulus.