RE:RE:A New Economic Theory - or is it?pooltec - that is a really great question.
Here are my thoughts....
With the debt limit deal signed, the Republicans have essentially agreed to go along with the Biden plan for the next 10 years. If they gain power next year (ie President, Senate and House), it will be politically difficult for them to reverse anything since once politicans give something (ie a handout) it is very difficult to take it back. In a sense that train IMO has already left the station.
In terms of some of the Woke agendas that Biden has supported such as school choice, school curriculum (CRT; parental rights), transgender stuff, crime, the southern border etc, I think they can make some changes there. But none of that fundamentally changes the big direction. So IMHO, like it or not, Biden and his left wing cronies have done what they set out to do and the Republicans can change things at the margins but they can't change the direction arrow..