MSNBC's Joe Scarborough and former Obama adviser Steve Rattner wonders if Joe Manchin deserves praise from the Biden administration for stifling Build Back Better and preventing inflation from being even worse.
Former Obama adviser Steven Rattner and MSNBC’s Joe Scarborough praised Sen. Joe Manchin, D-W.Va.,
for derailing President Biden’s Build Back Better Act because interest
rates would be even higher if the costly bill had passed.
Rattner
joined MSNBC’s "Morning Joe" to discuss inflation as the liberal
network’s on-screen chyron noted it had reached a four-decade high.
"This
is what we’ve been warning of, this is what happens. I was wondering
why it was taking so long, but you flood the economy with too much
money, with too much government debt, with too many government programs,
too much defecit spending, this is exactly what happens," Scarborough
said. "My God, I just wonder what would have happened if progressives
would've gotten their six-trillion dollar wish earlier this year."
Last year, Manchin famously declared he would not support "spending
trillions more" on social programs amid a dispute between the moderate
Democrat and party leaders and effectively killed the massive social
policy spending bill known as Build Back Better.
At the time,
Manchin said he "made clear to the president and Democratic leaders"
that it would be the "definition of fiscal insanity" to greenlight more
spending despite funding shortages for social security and Medicare.
Manchin also cited concerns about the potential impact to inflation and
the shaky U.S. economic recovery.
Rattner, a former Treasury Department official under the Obama administration, agrees in hindsight.
"In
an ironic way you almost have to thank Joe Manchin for blocking that
because $6.5 trillion of spending in this economy would make these
numbers look small," Rattner told Scarborough.
"I wouldn’t even say ironically thank Joe Manchin, you can just thank
Joe Manchin if you’re glad that interest rates aren’t even higher,"
Scarborough said, referring to the Fed's rate hike to try to tamp down
spending.
U.S. consumers ratcheted up their outlook for where inflation will be
one year from now, according to a key Federal Reserve Bank of New York
survey published Monday, a potentially worrisome sign for the central
bank as it tries to tame white-hot prices.
The median expectation is that the inflation rate will be up 6.6%
one year from now, matching an 11-year-high recorded in March,
according to the New York Federal Reserve's Survey of Consumer
Expectations, which dates back to 2013. Three years from now, consumers
would see inflation hitting 3.9% – unchanged from last month.
The new projections come on the heels of a scorching-hot Labor Department report that
showed the consumer price index, a broad measure of the price for
everyday goods, including gasoline, groceries and rents, rose 8.6% in
May from a year ago, faster than expected. Prices jumped 1% in the
one-month period from April.
It marks the fastest pace of inflation since December 1981.
NBC News correspondent Yamiche Alcindor worried Democrats would have a difficult time making Americans "care" and pay attention to the January 6 hearings, amid high gas prices, inflation, and a baby formula shortage. Appearing in a MSNBC panel Monday, Alcindor told host Andrea Mitchell that the "biggest challenge" the January 6 House Select Committee faced was getting Americans to have the same level of concern for their investigation. "I think the biggest challenge for lawmakers here as they talk about these sort of huge ideas of American democracy and sort of the experiment that we’re all living and benefiting from possibly being brought to his knees is whether or not they can make people care, Andrea," she said. Link 1 Link 2 Link 3 September 18 Post By Học Để Thi | Breaking News, Latest News and Videos Tranganhnam.xyz
Chris Cuomo and Don Lemon discuss President Donald Trump's comments about race after the 2019 Oscars. Be nice if Spike Lee could read his notes, or better yet not have to use notes at all, when doing his racist hit on your President, who has done more for African Americans (Criminal Justice Reform, Lowest Unemployment numbers in History, Tax Cuts,etc.) than almost any other Pres! — Donald J. Trump (@realDonaldTrump) February 25, 2019 The left loves to hate on Trump, calling him a racist and what not. I know Trump can be juvenile sometimes – certainly – but the racist and hateful name-calling is just what it is, garbage.
Alexandria Ocasio-Cortez scrambled Sunday to explain why neighbors at her listed Bronx address never saw her there — and ended up claiming she recently relocatedto a larger place nearby. The day after The Post reported that residents said they had never seen her around — and she ducked questions about it after an appearance — her spokesman said the Democratic freshman congresswoman now lives with her boyfriend in a two-bedroom apartment “a block and a half away.’’ The pair relocated there earlier this month, he said. “She lives in the same neighborhood she’s lived in for years,” said the spokesman, Corbin Trent. “She is not living in the exact same condo.’’ The recent move still didn’t explain why residents at her previous digs — a one-bedroom Bronx condo owned by her mom — insisted they had never seen her there. U.S. reps and senators are required to have a residence in their home districts. Trent claimed that Ocasio-Cortez, 29, was at her new home Sunday afternoon, al
