The Death Of Reaganism

WASHINGTON (AP) — Congress is poised to approve a landmark $1.9 trillion COVID-19 relief bill, placing Joe Biden on the cusp of an early triumph that advances Democratic priorities and showcases the unity his party will need to forge future victories https://t.co/fBdLNpxbgl

— Zeke Miller (@ZekeJMiller) March 10, 2021

Old news already. But this isn’t:

Economists surveyed by WSJ expect the economy to grow 5.95% in 2021, thanks in part to the $1.9 trillion relief bill. That would be the fastest burst of growth since 1983.

New from ⁦@pkwsj⁩ ⁦@anthonydb⁩ and me: https://t.co/7Ky1OwgwNb

— Kate Davidson (@KateDavidson) March 10, 2021

And this:

Expectation is for average monthly job growth of 514,000 over the next four quarters.

That would return the labor market to pre-pandemic health in mid-2022, two years before CBO projected under current law (that is, pre-American Rescue Plan). https://t.co/f6EMAPidto

— Kate Davidson (@KateDavidson) March 10, 2021

And people notice:

A broad majority of Americans (85%) say they support policies in the bill that would provide larger tax credits for families and make them easier for low-income households to claim, including majorities across party lines w 95% of Dems and 73% of GOP. https://t.co/jjpxx3mhQ8

— Kaitlan Collins (@kaitlancollins) March 10, 2021