1. WSJ: Why Won’t the President Listen to the Experts?
President Joe Biden is still claiming the economy needs another massive “rescue” bill from Washington.
But even the Beltway economics establishment is rejecting his diagnosis.
President Joe Biden is still claiming the economy needs another massive “rescue” bill from Washington.
But even the Beltway economics establishment is rejecting his diagnosis.
2. The Congressional Budget Office, an institution created by Congress in 1974 to enable higher spending, is not exactly a bastion of free-market economics. But there’s no denying the strength in the private economy. And so CBO has now raised its expectations. 
3. With a good policy mix the economy could advance even faster, but there’s now a clear consensus among economists that the U.S. is in growth mode. CBO opines:
4. Covid hospitalizations peaked two weeks before Inauguration Day and vaccine distribution continues, despite the ministrations of some incompetent governors.
5. If even the Beltway crowd is now officially expecting solid economic growth this year, where’s the case for a big federal intervention? There isn't one. The President should listen to the experts.
The End
The End
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