Source: The American Prospect
by Ryan Cooper
“As an American political writer on the left, it is quite unusual to see one’s advice being followed. During Barack Obama’s presidency, I argued repeatedly that Democrats badly botched the response to the Great Recession. Thanks in part to backroom maneuverings from then-head of the National Economic Council Larry Summers, the stimulus package of 2009 was roughly half as big as it needed to be. As a result, unemployment was still 10 percent on Election Day 2010—a big reason why Democrats lost 63 seats in the House and six in the Senate, relinquishing full control of Congress that never returned for the duration of Obama’s presidency. Fast-forward to 2021, and much to my surprise, ol’ Joe Biden and congressional Democrats did exactly what I and other critics recommended. With the economy still coming out of a very severe recession from the pandemic, Biden met the challenge with a $1.9 trillion stimulus.” (04/07/26)
https://prospect.org/2026/04/07/apr-2026-magazine-retrospective-on-bidenomics/