On Tuesday, US President Joe Biden praised his economic accomplishments while acknowledging that President-elect Donald Trump’s choice to put his name on COVID stimulus cheques caused individuals to credit him for the sums required by Congress.
Biden said in a lecture at the Brookings Institution that he was “stupid” for not following Trump’s lead during his 2017–2021 presidency.
“The most important economic recovery plan in our history, the American Rescue Plan, was signed by me. Donald Trump also taught me something. Biden remarked, “He signed checks for people,” before continuing, “And I didn’t – stupid.”
While Biden’s $1,400 checks in 2021 did not have his name to prevent delays, the Trump administration released $1,200 and $600 stimulus payments in 2020 with his signature. According to reports, Trump, on the other hand, demanded that his name appear prominently on the checks.
While most of Trump’s Republican congressional members opposed the bill, congressional Democrats helped pass the funding for the checks.
Later, White House Council of Economic Advisers chief Jared Bernstein clarified Biden’s remarks, saying he was joking and emphasizing that the payouts helped Americans weather the COVID economic crisis.
Polling indicates that more Americans believe Trump has better economic leadership, despite Biden’s efforts, and many voters value the checks he issued while in office.
In addition, Biden cautioned against reverting to Republican-backed “trickle-down economics” as Trump prepares to become office. According to this idea, he is abandoning the most robust economy in contemporary history to boost the wealthy’s riches, which would then flow down to the middle and lower classes.
When Trump takes the oath of office for his second presidential term on January 20, Biden’s four-year term ends.
