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.
President Donald Trump has an Achilles' heel when it comes to Russia. Over the years, he's made no secret that he has a soft spot for the country and its authoritarian leader, President Vladimir Putin. Trump has proved that he is willing to reject widely held US foreign policy views and align himself with the Kremlin on everything from Russian interference in US elections to the war in Syria. Most recently, Trump has denied the veracity of US intelligence reports accusing Russia of paying bounties to Taliban fighters to kill US troops in Afghanistan. Pressed on the topic during an interview with Axios that was released on Wednesday, Trump said he did not raise the issue during a recent phone call with Putin, and continued to suggest that the reports are "fake news." During the 2016 campaign, Trump's ties to Russians were so concerning that the FBI believed there was good reason to investigate potential collusion between his 2016 campaign an...
PHẦN HÌNH HỌC CHƯƠNG I .HỆ THỨC LƯỢNG TRONG TAM GIÁC VUÔNG 1. Hệ thức giữa cạnh và đường cao trong tam giác vuông · · AH 2 = BH . CH · AH . BC = AB . AC · · D ABC vuông tại A Û BC 2 = AB 2 + AC 2 (Định lí Pitago thuận và đảo). 2. Tỉ số lượng giác của góc nhọn Ø Tỉ số lượng giác của góc nhọn: · · · · ...
Cho tam giác ABC vuông ở B, kéo dài AC về phía C một đoạn CD=AB=1, góc CBD=30 o . Tính AC. Giải: Lấy điểm E trên BD sao cho AB//CE ð ⃤ ABC ~ ⃤ CED ð ð CE.AD=CD.AB=1.1=1 Gọi x=AC Tac có: (pitago) Tam giác BCE vuông tại C (vì góc B bằng góc C so le) => Thay vào biểu thức trên(màu đỏ), ta được: =>(x 2 -1)(x+1) 2 =3 ó (x 2 -1)(x 2 +2x+1)=3 ó x 4 +2x 3 +x 2 -x 2 -2x-1=3 ó x 4 +2x 3 -2x-4=0 ó x 3 (x+2)-2(x+2)=0 ó (x+2)(x 3 -2)=0 ó x 3 -2=0 (x+2>0 vì x là số dương) =>
