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The End of Trickle-Down Economics? Joe Stiglitz on the "Transformational" $1.9T American Rescue Plan


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AMY GOODMAN: President Biden signed the $1.9 trillion COVID relief package Thursday. Democrats are hailing the deal as the largest anti-poverty bill in a generation. One study projects the law will lift almost 14 million Americans out of poverty, including 5.7 million children. On Thursday night, President Biden gave his first primetime address, marking one year since much of the country shut down due to the pandemic.
PRESIDENT JOE BIDEN: I signed into law the American Rescue Plan, an historic piece of legislation that delivers immediate relief to millions of people, includes $1,400 in direct rescue checks, payments. That means a typical family of four earning about $110,000 will get checks for $5,600, deposited if they have direct deposit or in a check, a Treasury check. It extends unemployment benefits. It helps small businesses. It lowers healthcare premiums for many. It provides food and nutrition, keeps fam ....

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