Alternative Visions - 1st Quarter 2021 US GDP + Biden’s ‘American Families Plan’

 Today’s show dissects US GDP for January-March just reported and explains why the media’s hyping of 6.4% is actually less than 1.6%. What’s really happening with consumption, business spending, government spending, and the trade balance drag on the economy.  Biden’s recent speech announcing his 3rd leg of his fiscal spending stool, the American Families Plan, is then broken down in detail. How much of the three fiscal programs—American Rescue Plan, American Jobs Plan, American Families Plan—will actually impact the US economy this year 2021? What are the major ways Biden proposes to pay for the spending and how much of Trump’s $4.5 trillion 2018 tax cuts be rolled back in the Biden plan.