FDR Needed Two Global Crises to Reshape the Economy. Will Biden?

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However there’s one main distinction between this Democratic revolt and the one in opposition to FDR. The latter got here within the President’s second time period, when the New Deal had already unleashed main transformations on the American economic system, together with Social Safety, unemployment insurance coverage, monetary regulation, labor regulation and rural electrification. If Biden’s agenda is halted, it will likely be in his first time period. A Covid aid invoice and a bipartisan infrastructure bundle, whereas very welcome, is not going to but add as much as a significant transformation of the economic system.

https://www.washingtonpost.com/enterprise/vitality/fdr-needed-two-global-crises-to-reshape-the-economy-will-biden/2021/09/22/3af19e24-1b99-11ec-bea8-308ea134594f_story.html?utm_source=rss&utm_medium=referral&utm_campaign=wp_business | FDR Wanted Two World Crises to Reshape the Financial system. Will Biden?

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