- Conservatives say it added kindling to a hot economy.
- All told, three stimulus bills added $4 trillion to economy.
- U.S. inflation is running ahead of Europe’s.
Is President Joe Biden to blame for the nation’s skyrocketing inflation?
With midterm races in full swing, Republican candidates are pointing a finger at the $1.9 trillion American Rescue Plan, which Biden spearheaded and Congress passed in March 2021 with no Republican votes. It was billed as the final steroid shot needed to propel the economy out of its COVID-19-induced doldrums.