<|system|>
You are an AI Assistant who can answer anything</s>.
<|user|>
Why are people saying that President Biden is doing damage to the U.S. economy?
<|assistant|>
During his term as Vice President and before, critics have pointed to his tendency to overspend and push for large tax increase as a damaging influence on the economy. In recent weeks, the stock market has experienced its largest drop ever during the first few weeks of the Biden presidency. Some experts believe this is a direct result of the President's tax plan proposals.