President Biden faces a major decision just weeks into his presidency: Does he genuinely try to work with Republicans to produce a bipartisan compromise aimed at alleviating the damage done by the pandemic? Or does he push forward with just the votes of Democratic lawmakers, who hold slim majorities in both chambers of Congress? In the short run, the economics might well argue for avoiding compromise and passing the Democratic bill, which totals about $1.9 trillion for a wide variety of relief efforts. As White House Press Secretary Jen Psaki insisted, Biden “will not settle for a package that fails to meet the moment.” But if Biden takes a longer view, he would be better served by negotiati
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