Stimulus

Barack Obama returned to the White House this week, and his presence was a straight up blast from the past. The 2010s might not be our most culturally defined decade, but surely the Age of Barry still has a few touchstones worth recalling. That was back when it was cool to say “there’s an app for that,” all the way back when the Speaker of the House was...actually it was still Nancy Pelosi. And it was back when everyone, and I do mean everyone, could not shut up about Obamacare. Sure enough, Obama was back in Washington to once again revel in the passage of his signature health law, even if it had just undergone yet another round of tweaks to make it work this time for real.

Talk about mojo! It was a calm, genial and persuasive Joe Biden that appeared before the press yesterday afternoon, easily batting away the queries that were lobbed at him. The big takeaway was that, yes, as Sarah Baxter of the Sunday Times of London alone among the media has intuited, Biden is in for bigger game than one term. He made it clear yesterday that he’s going for the full monty, two terms or bust. Otherwise, Biden didn’t really make any news — which is itself newsworthy. No gaffes. No miscues. No fumbles. It was smooth sailing for him. Yet Biden’s opponents refuse to concede that he’s on a roll. They’re almost making it too easy for him. My chum Dominic Green, for example, deemed Biden’s performance worse than lackluster.

The last thing anyone would accuse Joe Biden of is being overstimulated. But the Senate’s rapid approval of his pandemic aid plan, or American Rescue Plan, as it’s officially called, should be more than enough to put a spring in his step. It’s a victory that may even power the Democrats to victory in the midterms. Captious progressive Democrats will complain that the bill isn’t generous enough. They already are. But House Democrats will dutifully line up next week to pass it. House Speaker Nancy Pelosi isn’t going to blow this. After four years of the Trump era, sensible Democrats know that this is their chance to spend big even if it isn’t as bigly as the Squad would prefer.

Is Donald Trump feeling overstimulated? First he scorned stimulus talks with the Democrats, tweeting on Tuesday afternoon that he was summarily ending them. Then, a few hours later, he started backpedaling after the stock market plummeted, demanding that Congress send him legislation to stimulate the economy. Next, in the wee hours, he issued a belligerent tweet about declassifying all the intelligence documents related to the Russia investigation, as though he could win the election by running once more against Hillary Clinton rather than Joe Biden. Democrats have largely moved on from the Russia investigation, but Trump seems addicted to it.

The Executive Order is political weakness at its most powerful. The spectacle of Donald Trump adding his Sharpie-stroke to the catalogue of puissant signatures confirms the United States’ slow but steady drift from a Romanesque republic to Roman-lite empire. Trump was supposed to be better, or at least different.The wisdom of the day has it that the business of America is business, even when, as in healthcare, that business is thoroughly corporatized. Who better to negotiate through the paralysis of Congress than a commercial deal-maker, a splitter of the difference, a washer of one hand with the other?

Who is the proposed new $3 trillion stimulus package designed to help? If enacted, the bill — which narrowly passed through the House yesterday, with a break in both party lines — would follow from the $2 trillion package passed in March. But it’s not getting past the Senate, at least not in its current form. Despite broad consensus that the first stimulus wave for businesses and families was a necessary emergency measure to help get America’s economy through the COVID crisis, this next round has become increasingly political, looking more like election postering than a thorough plan for the next phase of the pandemic.