By Grant Atkinson
Published March 2, 2021 at 11:55am
President Joe Biden and Democrats in Congress want to pass a $1.9 trillion stimulus bill despite the COVID-19 pandemic improving rather than worsening. Experts are now warning that it may not do much “stimulating” after all.
A Feb. 25 opinion article by Casey B. Mulligan and Stephen Moore in The Wall Street Journal said that Biden’s relief package would cause between five and seven million fewer Americans to be employed over the course of the next six months.
Both men are well-versed on the subject of economics. Mulligan is an economics professor at the University of Chicago and was previously chief economist on former President Donald Trump’s Council of Economic Advisers, while Moore serves as a co-chairman of the Committee to Unleash Prosperity.