Goldman Says Manchin Just Damaged the U.S. Outlook

Discussion in 'Economics' started by piezoe, Dec 20, 2021.

  1. Cuddles

    Cuddles

    cons care about winning, not the country, and Manchin is as con as it gets (Moscow Mitch Trojan Horse). If they cared, they wouldn't have obstructed Obama's QE and would've fast tracked it like they did CARES QE for Donnie.

    ??? If I have a spreadsheet of projections based on a bill passing, I can change those projections with the click of a button if said bill isn't passing.

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    Last edited: Dec 21, 2021
    #21     Dec 21, 2021
  2. smallfil

    smallfil

    Only the dumb will consider the Build Back Better bill which is full of BS pork and giveaways is good for majority of Americans. ET trolls who are not Americans have no dog in this fight. How the hell do you idiots figure that this is a good bill for most Americans? Just the increase in corporate taxes, all of which will be passed on to the US consumers a good thing? Practically, the prices of all goods and services you buy will go up and inflation would be 10 times worst than what we have already. Senator Joe Manchin is a patriot because he did the right thing, knowing the severe consequences for most Americans. He deserves our thanks. Idiots will say he did the wrong thing but, what do they know? They know squat.
     
    #22     Dec 21, 2021
    Millionaire and Bugsy like this.
  3. TazTheLaz

    TazTheLaz

    Boo hoo hoo, the US just avoided spending trillions of dollars while having a 100+% debt to gdp? Sounds like good news to me. If I were in WV I would re-elect Manchin 10 times out of 10.
     
    #23     Dec 22, 2021
    smallfil likes this.
  4. piezoe

    piezoe

    Your not alone. A lot of people feel this way. I believe it's based on a misunderstanding about government finances, and in particular the difference between spending on wasting assets, e.g., military hardware, and investment that will return a combination of lower costs later and increased GDP which combined will produce a positive return. Overall the BBB spending should produce a BIG positive return so long as it's key featured don't get so watered down as to be ineffective or even torpedoed all together. Like fixing a hole in your roof, there are some things we can't afford not to do.

    If you have time over Christmas, pick up a copy of economist Stephanie Kelton's book "The Deficit Myth". It's an essay read and very informative!
     
    #24     Dec 22, 2021