Republicans fought and whined about the Obama stimulus package for 10 years. It totaled $0.8T.
Under Trump, the total of the three packages was $3.6T.
Under Biden, the first law will total about $1.9T or perhaps a bit less. The BBB (Build Back Better) law will likely be about the same size (and require the same 50 votes in the Senate). If we estimate $1.7B, the Biden total will equal the Trump total.
LET'S BE CLEAR
The economy may "need" $1T of stimulus. As long as interest rates can be kept down (after the latest increase), the economy will boom, now including the entertainment, travel and tourist and restaurant sectors.
Under Trump, the total of the three packages was $3.6T.
Under Biden, the first law will total about $1.9T or perhaps a bit less. The BBB (Build Back Better) law will likely be about the same size (and require the same 50 votes in the Senate). If we estimate $1.7B, the Biden total will equal the Trump total.
LET'S BE CLEAR
The economy may "need" $1T of stimulus. As long as interest rates can be kept down (after the latest increase), the economy will boom, now including the entertainment, travel and tourist and restaurant sectors.
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