A top economist recently criticized President Biden's budget proposal, labeling it as an 'assault on American business.' Steve Moore, a seasoned economist with 40 years of experience, expressed concerns about the direction of the current administration's economic policies. Moore highlighted that in his extensive career of analyzing budgets, he had never witnessed a president refusing to move towards the political center in an election year.
Moore pointed out that typically, Democrats tend to shift towards the middle during election years, but he commended President Biden for not following this trend. He emphasized that the proposed budget signaled a significant expansion of government involvement in the economy, unlike anything seen before.
