The play is to force Republicans to block a bill so they can blame them for the inflation bubble / economic crash that is inevitable under the Democrats.
Follow me for a moment -
Biden shut down the keystone pipeline and outsourced an even larger percentage of our oil to other countries. We employ less people, pay more money for oil (thus gas prices skyrocketing) and cause more pollution because we need more truckers on the road to transport the oil/gas.
Biden is looking to raise taxes substantially on the biggest tax contributors in the country, resulting in less locally exchanged dollars, less new jobs and more big government spending (likely into our military and to pay back debts)
Biden is printing trillions of dollars and causing a massive, massive inflation bubble thus devaluing the dollar and creating a bigger income gap between the poor and super rich. This pushes the middle class closer to the poverty line.
Biden is making investing harder with lumber/logging restrictions in the United States by doubling the lumber tarrifs which drives the housing market up through the roof with low interest rates and not enough wood to fill the demand - thus crushing people's hopes of home ownership.
I could go on and on about the economic disaster that is brewing. The Democrats know this is happening and at some point, there's going to be a mass exodus in our index funds and it's going to put the economy into a bitter recession with many Americans "holding the bag".
Their only play is to dump the responsibility on Republicans or face complete annihilation in the 2024 election.
Another way to gauge the looming market correction is by asking yourself this question -
Do you think our economy is worth more today then it was prior to Covid? The answer is a resounding NO, however the market reflects the exact opposite. It's equivalent to several scenes in the big short when they find out the housing market is worthless but banks keep raising the value. Complete incompetence.
Sources and good reading -
Oil - https://www.canadianenergycentre.ca/why-the-usa-needs-keystone-xl/
Inflation - https://www.investopedia.com/financial-edge/0212/inflation-and-economic-recovery.aspx
Taxes - https://www.taxpolicycenter.org/publications/effects-income-tax-changes-economic-growth