…America is overflowing with good news. Unemployment is down, wages are up, consumer confidence is rebounding, and consumers are spending more (retail sales jumped 1.7% in October, the third monthly increase). Covid seems to be in retreat, at least among those who have been vaccinated. And two big parts of Biden's legislative agenda – last spring's $1.9tn America Rescue Plan, and his recent $1.2tn infrastructure plan – have been enacted…
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