The corporate sector mostly supports the stimulus package as fears of inflation have subsided and it wants the economy to expand. Many of Biden's policies are very progressive and open a path for the left to fight to make them permanent. But have no illusions about the class character of the Biden administration or its foreign policy. Paul Heideman and Paul Jay discuss what the left should do on theAnalysis.news

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Paul Jay

Hi I'm Paul, Jay, welcome to theAnalysis.news, please don't forget there's a donate button at the top of the webpage.

President Biden's stimulus package has received strong support from some unexpected places, at least from people who only a year or two ago would have been aghast at a one point nine trillion dollar size of the package. New York Times conservative columnist David Brooks, who is very close to the family that owns Wal-Mart, the people that own Facebook and a bunch of other billionaires, as revealed by a recent scandal about the money Brooks received for his foundation, which was not disclosed by The New York Times. So his readers would know that when Brooks was writing about issues that concerned his donors anyway, that's another issue. Brooks is an old school anti Trump Republican who's mostly been on the austerity bandwagon, and he wrote a piece recently in The Times calling Biden a, quote, transformative president and gave the stimulus package a rave review. In an article Paul Heideman wrote in Jacobin magazine, he says, quote, "But what is distinguished Biden more than anything, is his total disregard for the deficit fear mongering that ruled both the Clinton and Obama administrations.While the Biden of the 1990s backed a balanced budget amendment to the Constitution, the Biden of  2020 is saying, and quite rightly, that now is not the time to worry about deficits. Compare that with Barack Obama, who was pledging to slash deficits even as unemployment soared in the early months of his presidency." That was Paul Heydemann and Jacobin. 

The progressive the Daily Poster reports that "these measures are expected to increase incomes of the poorest 20 percent of Americans by an average of 33 percent, while the poorest 60 percent could see their incomes increase by an average of 11 percent, according to estimates from the Institute on Taxation and Economic Policy.

One estimate suggests that the legislation will slash child poverty in half. The daily poster also writes that, quote, New York magazine has aggregated other outlets reporting on additional important benefits of the bill, including more than one million unionized workers who were poised to lose their pensions will now receive 100 percent of their promised retirement benefits for at least the next 30 years. America's indigenous communities will receive thirty one point two billion in aid, the largest investment the federal government has ever made in the country's native people.

Black farmers will receive five billion recompense for a century of discrimination and dispossession, a miniature reparation that will have huge consequences for individual African-American agriculturalists, many of whom will escape from debt and retain their land as a direct result of the legislation. America's child care centers will not go into bankruptcy enmass thanks to 39 billion investment in the nation's care infrastructure. Virtually all states and municipalities in America will exit the pandemic and better fiscal health than pre Covid. Which is to say, a great many of layoffs of public employees and cutbacks in public services will be averted.

So I haven't had a chance to look into the detail of all of these reports.