Publisher’s Note:Every week we publish an excerpt from Katrina vanden Heuvel’s column on WashingtonPost.com. Read the full text of Katrina’s column Here.
Progressives across the country joined President Biden in celebrating the adoption of the US $ 1.9 trillion rescue plan (ARP). Celebrated by Senator Bernie Sanders (I-Vt.) As “the most important law that has been passed [for working people] since the 1960s. “But now comes the tough test. As Sanders admitted, the bailout was an ’emergency law’ with most benefits expiring within a year. Will Biden and the wafer-thin Democratic majorities in Congress be able to support the conservative? To finally bury the era of market fundamentalism that has so clearly failed?
It’s no surprise that Biden appears to be intent on making an effort. Before he became president, the lifelong moderate usually avoided the boldness to compromise. But this week he’s going to roll one out expanded budget and a bold public investment plan Designed to create millions of jobs by rebuilding dilapidated infrastructure, beginning the transition to address the threat of climate change, and addressing other domestic needs from childcare to healthcare.
The media – and Republicans – will no doubt focus on price (estimated at $ 3 trillion to $ 4 trillion over 10 years). Much more important, however, is the vision – the claim that public investment will create millions of good jobs while meeting the needs starved by the conservative era.
Read the full text of Katrina’s column Here.