The American Rescue Plan is now law, and for all of the benefits of pushing money into the wallets of households and businesses, what could be the downside of the spending?
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The combination of accelerated vaccine distribution + trillions of dollars of emergency federal spending + warm weather + pent-up demand + low interest rates = Roaring Twenties for the U.S. economy.
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President Biden outlined what he hopes will be the first half of an economic stimulus plan. The Biden plan attempts to brighten the dim outlook for the economy in the coming months, or at least until a large portion of Americans are vaccinated.
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Investors cheered the likely outcome of a Biden presidency, a Republican-controlled Senate and a Democratic controller House, believing that gridlock would amount to a win for corporate America.
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