How Democrats Blew It on Inflation

Vi bringer denne artikel på engelsk som led i vores samarbejde med The Wall Street Journal.

President Biden hadn’t even been inaugurated when he and his senior advisers made a monumental gamble in January 2021 that would reverberate through his presidency. In avoiding the missteps that followed the 2008-09 financial crisis, officials made new mistakes that led to political defeat

Kevin Lamarque/Reuters/Ritzau Scanpix

By Nick Timiraos; The Wall Street Journal 

President Biden hadn’t even been inaugurated when he and his senior advisers made a monumental gamble in January 2021 that would reverberate through his presidency. Fresh on the heels of a $900 billion Covid-relief bill that Congress had approved weeks earlier, Biden proposed a $1.9 trillion stimulus bill.