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.