We reflected on the recently passed American Rescue Plan and delved into the outlines of the Biden administration's next legislative push: a (broadly defined) infrastructure package. Where should all this federal money be directed over the next ten years? Does a massive investment in electric cars make sense? And why is it being framed as necessary to "compete" with China?

Articles referenced:

• “Senate Parliamentarian Rules in Favor of Democratic Reconciliation Effort” (Wall Street Journal)
• Larry Kudlow comments after passage of the American Rescue Plan (via Jeff Stein)
• White House — “Fact Sheet: The American Jobs Plan”
  
  “There’s One Big Problem with Electric Cars” (New York Times)
• “White House dramatically increased tax proposal as it sought to address tensions over next big spending plan” (Washington Post)
• “President Biden’s second big bill may be China package pushed by top Senate Democrat” (Washington Post)

Intro music: "April Come She Will" by Simon and Garfunkel