America’s economy, still rebounding from the pandemic, is at major risk from Joe Biden’s economic plans, warns a new Hoover Institution paper.
The Federal Reserve Bank …
America’s economy, still rebounding from the pandemic, is at major risk from Joe Biden’s economic plans, warns a new Hoover Institution paper. The Federal Reserve Bank of Atlanta just released a “running estimate” of real GDP growth for the third quarter of a whopping 35.3 percent, a historic spike that would offset much of the COVID-caused losses. Yet Biden’s plans threaten the recovery; the Hoover economists project that his program would shave “employment per person by about 3 percent, the capital stock per person by about 15 percent, real GDP per capita by more than 8 percent and real consumption per household by about 7 percent.
