I follow government investment and spending and try to take a longer view and not get tied up in perennial political rants. Your essay's history of economic performance, absent addressing the costs and benefits for the income distribution is incredibly accurate and supports your humanist concluding "wish".When I first read this essay, I was stopped by this sentence: "Democrats haven’t done anything comparably egregious — sorry, I’m not going to “both sides” this — but Joe Biden’s two-trillion-dollar American Rescue Plan looks excessive in retrospect, and helped feed a burst of inflation that seems to be subsiding but caused considerable grief."When I first read your position that the American Rescue Plan looks excessive, it brought me to a full stop.  And my mind start racing to describe what life would have been like and its negative effect on economic recovery, without the ARP.I promise you, it would have hurt those who were already hurting and I am certain that the aid to businesses would have slowed or demolished the capital already invested.  In summary, we reduced the income stress on households that were already on the edge in dealing with the induced economic coma (Krugman) that we were in to avoid an even worse outcome.As I read on, your analysis revealed your hallmark clarity and honesty of thought.The curtain is open on the 2024 political theatre and I know the President's plan to continue social and economic progress is better than the GOP alternative.

I follow government investment and spending and try to take a longer view and not get tied up in perennial political rants. Your essay's history of economic performance, absent addressing the costs and benefits for the income distribution is incredibly accurate and supports your humanist concluding "wish".When I first read this essay, I was stopped by this sentence: "Democrats haven’t done anything comparably egregious — sorry, I’m not going to “both sides” this — but Joe Biden’s two-trillion-dollar American Rescue Plan looks excessive in retrospect, and helped feed a burst of inflation that seems to be subsiding but caused considerable grief."When I first read your position that the American Rescue Plan looks excessive, it brought me to a full stop.  And my mind start racing to describe what life would have been like and its negative effect on economic recovery, without the ARP.I promise you, it would have hurt those who were already hurting and I am certain that the aid to businesses would have slowed or demolished the capital already invested.  In summary, we reduced the income stress on households that were already on the edge in dealing with the induced economic coma (Krugman) that we were in to avoid an even worse outcome.As I read on, your analysis revealed your hallmark clarity and honesty of thought.The curtain is open on the 2024 political theatre and I know the President's plan to continue social and economic progress is better than the GOP alternative.

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