The last lamps of Joe Biden’s presidency are being extinguished, their light fading into history, and we can be assured that we will never again find ourselves subject to their glare. This is the final Breitbart Business Digest of Biden’s presidency, a farewell of sorts to an era defined by economic missteps and the consequences of misguided policies. Like a prisoner scratching out the days of his captivity prior to release, we now etch into the wall one final marker.
To understand how this predicament unfolded, we must begin with Biden’s early days in office. The administration entered the White House with an agenda as ambitious as it was miscalculated. Riding on a wave of COVID-era crisis politics, Biden and his economic advisers championed the $1.9 trillion American Rescue Plan, the largest single stimulus package in American history. Sold to the public as a necessary measure to combat pandemic-induced hardships, it ignored warnings from economists across the political spectrum that the size and timing of such spending could unleash inflationary pressures. (Read More)
