Former Obama Treasury adviser: Biden's $1.9 trillion COVID bill was 'an extraordinary mistake'

Former Obama economic adviser Steven Rattner wrote in a New York Times column that Biden's $1.9 trillion American Rescue Plan would "go down in history as an extraordinary mistake."

"That’s not desirable, but it is the price we pay for poor economic policies delivered by the White House, by Congress and by the Federal Reserve," he said. "Those poor policies include far too much budgetary stimulus as we addressed Covid challenges. The $1.9 trillion American Rescue Plan passed in the early days of the Biden administration will go down in history as an extraordinary policy mistake."