As of July 20, US President Joe Biden has been in office for six months, so how is the current US economy? It can be said that Biden's half-year economic report card is mixed.Official statistics show that under the release of trillions of dollars, the United States in the first quarterGDP is growing at an annual rate of 6.4 per cent.At the same time, the new risk also went to the United States.
As the stimulus effect of trillions of dollars on the economy gradually wanes, the side effects are beginning to appear. At present, US inflation has burst for the second month in a row, with prices rising 5.4 per cent in June from a year earlier; this year, the ratio of US debt to GDP reached 137 per cent. As a result, Biden is actively peddling infrastructure plans in the hope of giving new impetus to the US economy.
However, this policy is being opposed and is not even given a chance to debate. You know, Biden had hoped to pass an additional $579 billion in infrastructure spending on Wednesday as part of a $1.2 trillion infrastructure plan in the United States. ButAccording to the mediaAccording to the latest report on July 22nd, this additional infrastructure project was rejected by a vote as soon as it entered the debate stage.
It is worth mentioning that Charles Schumer, the leader of Biden's side, is "against the water" himself, saying that another round of voting will be held next week.If the United States can finally reach an agreement this time, plusWith the $715 billion infrastructure plan approved on July 1st, the country will eventually continue to "release" $1.2 trillion to boost the economy.
Not only that, Biden also proposed anotherThe $3.5 trillion family plan, which is mainly used for parenting, education, poverty eradication and climate provisions, has met with opposition from the family.It can be seen that Biden advocated flood irrigation to boost the US economy, only infrastructure plans and household plans, the total amount of water discharge is close to 5 trillion US dollars.
However, the US's previous $5 trillion water release plan has pushed the world into an era of high inflation, with commodity prices skyrocketing.If the United States invests closer to the marketWith $5 trillion in liquidity, the global inflation crisis could be exacerbated as a result.
Text | Lu Jiamin question | Huang Ziga Picture | Lu Wenxiang Chuan | Huang Ziga