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What the stimulus says about the U.S.

As you read this newsletter, checks are landing in bank accounts as part of the American Rescue Plan, the $1.9 trillion pandemic-relief bill President Joe Biden signed into law Thursday. How those checks will be spent is its own commentary on the state of markets and the pace of economic recovery. But the stimulus could say a lot about the U.S. itself: how it bodes for the new president, what it means for the Democratic Party, and how we've changed what we think about poverty. The big message? We're still not out of the Covid-19 woods.

The Number of the Week Is $1.9 Trillion — Robert Burgess

Pandemic Relief Package Isn't Just Biden's — Jonathan Bernstein

Will the Stimulus Work? Watch These 3 Metrics — Michael R. Strain

Covid Relief Bigger Than World War II Budget? Sounds Right. — Timothy L. O'Brien and Nir Kaissar

Cash Is Turning Out to Be the Most Effective Welfare — Noah Smith

Restaurants Finally Get Some Morsels of Relief — Joe Nocera

How Biden Transformed the Republican Debate Over Poverty — Karl W. Smith

Voters Actually Like New Taxes for Schools — Andrea Gabor

What Does the Stimulus Tell Us About Biden? — Jonathan Bernstein

This is the Theme of the Week edition of Bloomberg Opinion Today, a digest of our top commentary published every Sunday.

 

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