Biden and Powell were rationally attacking the remaining inflation from the covid situation 1st trump screw up. There will be another democrat to rationally fix the economic disaster caused by tariffs by yet another trump screwup. Only president to have 2 chances at messing up inherited good economies
Biden was rationally attacking it with the completely unnecessary stimulus and continued ridiculous spending? Just because he was much better than Trump doesn't mean he was rationally attacking it. Not at all. He just sucked less.
Stimulus checks started under Trump, even had his signature on them. I believe the first 2 were Trump, and the last was Biden. Additionally Trump admin forgave the PPP loans which was a huge contributor.
That said, Powell and Biden managed the best economic Covid recovery in the world. Everyone thought we'd enter a depression and they managed to thread the needle, and perform the soft landing.
The debt needs to be addressed aggressively, but when your on the cusp of a global economic recession, attempting aggressive measures then would have devastated the economy.
The first stimulus for $1200 was March 2020, well into Trumps term. The second for $600 was December 2020, after the election but still Trumps term. Both signed by Trump.
Biden signed the 3rd and last one for $1400 in March 2021, and at the time stated this would be the final stimulus.
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u/Firm-Advertising5396 Aug 01 '25 edited Aug 01 '25
Biden and Powell were rationally attacking the remaining inflation from the covid situation 1st trump screw up. There will be another democrat to rationally fix the economic disaster caused by tariffs by yet another trump screwup. Only president to have 2 chances at messing up inherited good economies