The New Yorker: Politics And More

Biden’s Plan to Reshape the American Economy

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Sinopsis

A semblance of pre-pandemic life has resumed across the country, but the economic signs are mixed, even after the strong jobs report for May. Supply chains are bottlenecked, unemployment is just under six per cent, and fiscal conservatives warn about inflation. President Biden has stated to Congress, in defense of his stimulus plans and of his six-trillion-dollar budget, that “trickle-down economics has never worked,” and that the best way to strengthen the economy is from the bottom up, not the top down. John Cassidy joins Dorothy Wickenden to discuss the political perils and promise of Bidenomics.