Biden signed a $1.9 trillion bill. How much relief will Americans feel?
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The Washington Post
4.1 • 4.6K Ratings
🗓️ 11 March 2021
⏱️ 27 minutes
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| 0:00.0 | On Thursday afternoon, President Biden signed the $1.9 trillion American Rescue Plan. |
| 0:07.0 | And I believe this is, and most people I think do as well, this historic legislation, |
| 0:17.0 | is about rebuilding the backbone of this country, and giving people this nation, working people, |
| 0:22.0 | and middle-class folks, people to build the country a fighting chance. |
| 0:27.0 | That's what the essence of this is. |
| 0:29.0 | The plan is one of the largest federal responses to an economic downturn that Congress has ever enacted. |
| 0:35.0 | It aims to boost growth in 2021 to the highest level in decades, |
| 0:39.0 | and its policies are designed to reduce the number of Americans living in poverty by a third. |
| 0:44.0 | But, with this bill, Biden faces a political risk. |
| 0:48.0 | Only Democrats supported this bill in Congress, and some experts warned that all of this money could overheat the economy |
| 0:54.0 | and lead to inflation down the road. |
| 0:56.0 | Now, I know you've likely heard a lot about the relief bill by now, but there are three questions that I keep focusing on |
| 1:02.0 | as I try to understand how Americans will be affected by these changes. |
| 1:06.0 | First, is this enough money? |
| 1:08.0 | Will middle and low-income Americans feel their lives really changed in tangible ways? |
| 1:12.0 | And on the other hand, is it too much money? |
| 1:14.0 | Will a superfast growing economy cause even bigger problems? |
| 1:17.0 | And lastly, how might the Biden administration make sure Americans know that the government is responsible |
| 1:23.0 | for some of the economic changes they experience? |
| 1:26.0 | Are there lessons Biden can learn from the last time he helped pass a major stimulus as vice president back in 2009? |
| 1:39.0 | This is Kenny Do That, a podcast that explores the powers and limitations of American government in a time of deep division. |
| 1:46.0 | I'm Allison Michaels. |
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