 The economy was bouncing back when Biden became president, and he decided to put a little bit more money into Americans' pockets through a stimulus program. A lot of economists at the time thought that this might be a little overdone. The Biden administration had a reasonable worry that if we didn't spend enough, that this recovery was going to look a lot like the recovery after the financial crisis, where the economy moved very, very slowly for over a decade, and it was pretty hard to get a raise and things like that.