Team Biden transforms into the ‘new Carter administration’
What are we getting for the trillions Biden proposes? Nothing. The budget submitted a few
days ago by Team Biden projects slow economic growth — in the neighborhood of 2% a year — for as far as the eye can see. It turns out that the Biden years will not be a rerun of the Clinton administration or the Obama administration. They will be a rerun — complete with runaway inflation and slow growth — of the Carter administration.