Economists call President Joe Biden’s 100-day economy an outlier, like no other in modern history, and it’s all because of the pandemic.
The best economic course, says Nova Southeastern University Economics Professor Albert Williams, is slow and steady.
“Deal with COVID, deal with the economy. And doing both at the same time, that’s a good thing,” he said.
Many experts agree America’s rebounding economy has much to do with former President Donald Trump’s and Biden’s combined multi-trillion dollar stimulus packages.
“The other government was doing its share and it put in some work, and it was working at different levels and different intensities,” said Williams.“But all that injection is the injection of funds and so the other leadership team does the same, then you get two of them kind of working together even if that wasn’t planned.”
For small businesses, it’s been quite a ride. Some did not make it through the Covid shutdown. Others took advantage of the economic climate and expanded.
