Did Joe Biden have any halcyon days, his whole entire life? From Patrick J. Buchanan at buchanan.org:
On taking the oath of office, Jan. 20, Joe Biden may not have realized it, but history had dealt him a pair of aces.
The COVID-19 pandemic had reached its apex, infecting a quarter of a million Americans every day. Yet, due to the discovery and distribution of the Pfizer and Moderna vaccines, the incidence of infections had crested and was about to turn sharply down.
By May, the infection rate had fallen 80%, as had the death toll.
Thanks to the Operation Warp Speed program driven by President Donald Trump, the country made amazing strides in Biden’s first 100 days toward solving the major crises he inherited: the worst pandemic since the Spanish flu of 1918-1919 and the economic crash it had engendered.
But Biden’s pace car has hit the wall.
Where economists had predicted employment gains of a million new jobs in April, the jolting figure came in at about a fourth of that number.
One explanation: The $300-a-week in bonus unemployment checks the Biden recovery plan provides may have been a sufficient inducement for workers to stay home until their benefits ran out.
Workers might reasonably ask: Why go back to work when we can take the summer off, with full unemployment, plus $300 a week?
After the crushing jobs report came the inflation figure from April.