No. of Recommendations: 2
And that's the lesson, we told them it would be transitory. That means we bet the farm and lose if it doesn't feel transitory. Let's not bet the farm, let's take some type of action - even if it's likely to be knocked down by the courts, do it anyway.
They couldn't.
They were in the midst of fighting for the big spending bills that were going to be Biden's legacy, his claim to be the next FDR. You know - the "Build Back Better" agenda. The American Rescue Plan had already been adopted, and Democrats were pushing for the American Jobs Plan/American Families Plan components. Another $4 trillion in spending, on top of the ARP plan.
You can't get a $4 trillion package of new spending through the Congress if you're out there saying inflation is burning hot and is a top priority. So they didn't.
