“To every American watching: Help is here.” Those were Joe Biden’s words on March 12, 2021. The president had just signed into law the $1.9 trillion “American Rescue Plan,” a sweeping, partisan spending bill that Biden said “directly addressed the emergency in this country because it focuses on what people need most.” The president promised that this historic spending plan would help defeat the pandemic, reopen the schools, and revitalize the economy by creating millions of additional jobs. Nearly a year later, the results are in. And they aren’t good. The pandemic had a deadlier year in 2021 than in 2020, and the economy clearly missed the memo that help was “here.” Inflation levels not seen for many decades have eaten away at people’s wallets, despite the president’s insistence a few months after passing the American Rescue Plan that “no serious economists” believed inflation was going to emerge. What’s more, the job creation we were promised for this massive taxpayer boondoggle never materialized. The nonpartisan Congressional Budget Office projected that without passing the American Rescue Plan, the economy would create 6.25 million jobs. This projection served as the baseline for the Biden administration. The White House called it a “dire” outcome and promised that the rescue plan would add another 4 million. What’s worse than “dire”? As found by the American Enterprise Institute’s Matt Weidinger, 2021 ended with fewer jobs than expected under the CBO’s...