You are right, however it may be worth (reference: Michael Lewis's excellent book on Trump) keeping in mind that there will probably be an uptick in the amount (let's say) of government stuff because Trump left a huge amount of positions unfilled for quite a long time whereas Biden to the best of my knowledge hit the ground running with a fairly well drilled plan for what to actually do with all these positions.

https://en.wikipedia.org/wiki/The_Fifth_Risk