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12yearplan

05/01/22 9:14 PM

#411665 RE: B402 #411659

That probably deserves reply. I don't have one. Maybe some one who knows this stuff..
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hookrider

05/01/22 10:13 PM

#411670 RE: B402 #411659

B402: You like Manchin talk a good story, but in the end it is all Bull Shit!!!!
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Zorax

05/02/22 3:31 AM

#411672 RE: B402 #411659

Seriously?
It WAS an infrastructure bill. It's your slobass munchkin that added other stuff to it to suck up more money for coal, stop environmentalists from holding coal responsible.
munchkin killed my dental assistance I and the country's seniors would have gotten.

munchkin is a nazi republikklan working to wreck democrats and democracy.
And he's destroying your state.

Are you a supporter of coal, with maybe money tied up in munchkins companies?
Certainly reads like it.
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fuagf

05/02/22 5:14 PM

#411713 RE: B402 #411659

B402, What was Manchin's inflation comment based upon? Or your "Imagine inflation
with another 3T added to the deficit....
" It is strongly contested you should know.

Inflation Concerns Should Not Impede Enactment of Build Back Better
December 8, 2021

| By Chad Stone

Critics of the House-passed Build Back Better (BBB) legislation have argued that the recent rise in inflation is a reason to forgo or scale back the legislation’s investments, which would cut poverty (especially among children), boost opportunity and productivity, advance racial equity, and fight climate change. This argument is misguided. BBB is unlikely to have any noticeable effect on inflation; more important, the long-term benefits from its investments are large while the risks of it generating inflation that the Federal Reserve cannot manage are small.

* Build Back Better would add only moderately to deficits in the short term and reduce them in the longer term. The House-passed BBB would increase the deficit by 0.6 percent of gross domestic product (GDP) in fiscal year 2022 and by diminishing percentages through 2026 before starting to reduce deficits in 2027, according to the Congressional Budget Office (CBO).[1]

* The loss of fiscal stimulus as temporary relief measures enacted earlier in the pandemic have phased out will dwarf any inflationary pressure BBB would cause by increasing demand for goods and services in 2022. Many relief measures that boosted consumption — such as stimulus payments and expanded jobless benefits — have ended, creating a drag on economic growth that will be much larger than the modest stimulative impact of BBB measures in the near term.

* Current inflation stems primarily from COVID-related disruptions in the global supply chain and the unique characteristics of the pandemic economy, not from an economy that is broadly overstimulated.

More - https://www.cbpp.org/research/economy/inflation-concerns-should-not-impede-enactment-of-build-back-better

Obviously Manchin shouldn't carry all of the blame, still with a more typical Democrat there it likely would have passed. Would you argue with that?

This opinion places some blame elsewhere, specifically upon the earlier American Rescue Plan which Republicans opposed at the time, yet have cheered it as a good measure since

Every Republican in Congress voted against the sweeping pandemic relief bill that President Joe Biden signed into law three months ago. But since the early spring votes, Republicans from New York and Indiana to Texas and Washington state have promoted elements of the legislation they fought to defeat.

The Republicans' favorite provisions represent a tiny sliver of the massive law, which sent $1,400 checks to millions of Americans, extended unemployment benefits until September, increased the child tax credit, offered housing assistance for millions of low-income Americans and expanded health care coverage. Republicans tried to negotiate a smaller package, arguing that Biden's plan was too expensive and not focused enough on the nation’s health and economic crises.
https://abcnews.go.com/Business/wireStory/republicans-promote-pandemic-relief-voted-77527236


The opinion piece also questions Manchin's and your BBB inflation claim.

Opinion Build Back Better is ‘dead,’ says Manchin. He’s not the only one to blame.
By Catherine Rampell Columnist |
February 3, 2022 at 6:08 p.m. EST
[...]
It doesn’t matter that Build Back Better is unlikely to have much substantial impact on inflation .. https://www.washingtonpost.com/opinions/2021/12/16/yes-inflation-is-worrisome-it-has-little-relevance-debate-over-build-back-better/ , particularly because it’s paid for; Manchin’s (misguided) belief otherwise is carrying the day.
https://www.washingtonpost.com/opinions/2022/02/03/build-back-better-demise-biden-wasteful-stimulus-hindsight/

Then there is Manchin's corporate money in the equation. In your opinion what does that count toward. Manchin blame for failure of BBB? Or elsewhere.

Corporate donations flowed into Joe Manchin's PAC ahead of final "No" on BBB
Money from Goldman Sachs, Blue Shield and Lockheed poured into Manchin's coffers as he worked to scuttle BBB
By Jake Johnson Published December 23, 2021 5:30AM (EST)
https://www.salon.com/2021/12/23/corporate-donations-flowed-into-joe-manchins-pac-ahead-of-final-no-on-bbb_partner/