Overcoming The Biden Economic Hangover
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Opinion

Overcoming The Biden Economic Hangover

The first major economic misstep of the Biden administration was the passage of the nearly $2 trillion American Rescue Plan.

Jim Nelles

When Joe Biden took office in January 2021, he inherited the Trump economy. An economy on the path to recovery from the COVID pandemic – a country experiencing rapid job growth, a strong stock market, and a resurgence in consumer spending.

Instead of fostering this economic recovery with pro-growth policies, or simply sitting back and doing nothing, the Biden administration implemented an economic agenda of excessive government spending, overregulation, and a war on oil, all of which drove inflation and stalled the then robust economy.

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