For decades, Democrats and their economic advisers have agreed: broadly-shared growth requires more government investment. They’ve just lacked the power to invest.
That’s why President Joe Biden’s “Build Back Better” economic plan has so energized the White House, his party and outside allies. The new President and congressional Democratic majorities have a chance, finally, to make it happen.
The scale of his proposals reflects pent-up demand that years of thwarted ambition have produced. Actions to curb income inequality and boost middle-class wages were already at the center of Democratic debates before the last year brought them into even sharper relief. CONTINUED
John Harwood, CNN
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