For some Joe Biden has already exceeded expectations. For others his economic programme is nowhere near enough to address the climate crisis and American decline. While his Covid relief package has seen billions dispensed immediately, the Jobs Plan proposes to invest $35 billion in green R&D over eight years – less than Americans spend annually on pet food.
So how radical is President Biden? Is there such a thing as ‘Bidenomics’? And does the new President represent a break with the orthodoxy of Democrat predecessors such as Bill Clinton and Barack Obama? Discussing all those questions on this week’s Downstream with Aaron Bastani is Adam Tooze, Professor at Columbia University and author of “Crashed: How a Decade of Financial Crises Changed the World”.