Most people associate Reagan with “Morning in America,” but that was just the second act. The first was a deep recession caused by the Fed in order to crush the prevailing inflation expectations. It was a grim time, most vividly depicted in a series of movies about salt of the earth Americans losing their family farms. The Democrats consequently won the 1982 elections by a large margin.
My fear for the Biden recovery plan, and the political landscape that follows, looks something like that.