How Much Is a Trillion Dollars — Crooked Timber⁠↗

The only benefit of Obama’s restraint was as a source of lessons for his vice-president Joe Biden. Most obviously, the lesson is that erring on the side of restraint is worse than erring on the side of stimulus. Second, that the likelihood of securing Republican support for anything is minimal, so there is no point in proposing an inadequate response in the name of bipartisanship. The final lesson is reflected in the fact that neither Emanuel nor Summers has been given any role, formal or otherwise in the Biden Administration.