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Biden’s stimulus looks bigger than the New Deal, economics professor says

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Two Democratic presidents. Two mass unemployment crises. Two federal spending plans to rescue the economy. So how does Biden’s stimulus stack up to Roosevelt’s New Deal? Maybe it’s bigger.

President Joe Biden’s large-scale federal spending has already earned comparisons to the  New Deal, but a behavioral economics professor says the plan is setting its own precedent.

“People think of the New Deal as this really, really aggressive response to the Great Depression. But part of the reason the Great Depression lasted so long was that Roosevelt and the country, the political leaders were really concerned about details ⇒

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