the states are now considering further tax cuts. These state tax cuts were enabled partly by the strong economy
and partly by generous, deficit-financed funding from the federal government . States are flush, and rather than holding onto their surpluses for a rainy day, many of them are doling out cash to residents.Because the available data on state-level fiscal decisions aren’t great, economists might not be paying sufficient attention to how they affect the broader economy.
Also: Even at the federal level, a lot of spending from industrial policy programs is coming down the pike. It’s early, so those programs likely haven’t been particularly stimulative yet. But some economists have that one reason the construction sector is continuing to add workers, despite the softening housing market, might be5) Covid's effects are weird and wild and hard to understand.tightly interconnected global economy that looks like this one. Even the experts don’t have great precedents or models to base their predictions on.
Maybe everyone’s erring on the side of being a bit more conservative — and stingy with their optimism.
FYI- We are still 2 million short of pre-pandemic levels.
It could still be 2 to 3 years away.
At $15-$18 per hour? How does one, or say a family live on that?
Because Biden is doing far far better that most want to admit or can’t admit
They are sycophants not experts
Because being an economist is a bullshit title and they are always wrong.
Because the media is unduly influenced by the intentional gop doom and gloom narrative republicans use as a weapon against democrats. It is a right wing tactic to belittle the success of democratic successful presidencies, same with Obama and Clinton.