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The Fleecing Yet to Come

December 2, 2020 By Debbie Young

Vice President of the United States Joe Biden speaking at the Rural Tour held in Erie, PA in July 2009.

Sabrina Siddiqui and Tarini Parti of the WSJ report:

The president-elect called on Congress to pass a robust coronavirus relief bill but said a larger stimulus effort would be necessary during his administration to address the long-term impact of the pandemic.

“Any package passed in lame-duck session is, at best, just a start,” said Joe Biden.

In an email to his supporters this week, Mr. Biden promises to “help the communities hardest hit by COVID-19 and address the structural inequities in our economy.”

James Freeman of the WSJ is curious. What structural problems?

Pre-Covid the unemployment rate was a historically low 3.5% and since the spring shutdowns the economy has been rebounding smartly, adding back more than 11 million jobs.

Stagnant wages were the Obama-era problem that President Donald Trump was hired to solve in 2016, and his pro-growth policies have yielded remarkable results.

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Debbie Young
Debbie, editor-in-chief of Richardcyoung.com, has been associate editor of Dick Young’s investment strategy reports for over five decades. When not in Key West, Debbie spends her free time researching and writing in and about Paris and Burgundy, France, cooking on her AGA Cooker, driving her Porsche Boxter S through Vermont and Maine, and practicing yoga.
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