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August 04, 2022
Kyrsten Sinema May Not Be On Board with the Schumer-Manchin Build Back Brandon Compromise -- And Bernie Sanders May Not Be, EitherAnd actually, maybe Jon Tester isn't on board, either. I don't want to get anyone's hopes up. My expectation is that their objections will be compromised out and the Democrats will agree on a bill that will increase our debt, increase spending, and increase inflation. But it might be a little contentious getting there. When Schumer and Manchin were negotiating, these two Sexists just completely ignored the fact that Sinema was a Strong Independent Woman, a Senator in fact, with her own objections and agenda. Apparently they just assumed the little lady would do whatever these two ugly old cishet (?) males told her to do. Not necessarily. Sinema is apparently showing more spine than Manchin on holding the line on inflation, and also does not agree with Manchin that raising taxes on capital is a great way to grow the economy. Meanwhile, Bernie Sanders is making demands that go in the opposite direction: He wants more inflationary spending. The Arizona Democrat is the pivotal vote on Democrats' reconciliation package, which came out of closely held talks between Schumer and Sen. Joe Manchin (D-W.Va.). And so far, Sinema hasn't said whether she's going to back the proposal or not. Sanders, meanwhile, likes some of the bill, but says he'll offer amendments to "improve" it. He doesn't like the parts that Manchin fought to put in it -- the parts about the West Virginia Valley pipeline, I imagine: On Wednesday, Sanders basically gave a "Good news, bad news" speech when discussing the current legislation's impact on working-class Americans. The bill helps with prescription drug costs, but not enough. It helps with health care, but not enough. And on climate change, Sanders read a letter from the Center for Biological Diversity that called the bill "a climate suicide pact." Yeah. When Jon Tester was asked if Kyrsten Sinema would vote for the bill, he offered up his own doubts about it: Sen. Jon Tester (D-Mont.): "Did they bring in Dick Blumenthal? Did they bring in Patty Murray? Part of this deal is we're all gonna analyze it. I still haven't made up my mind what I'm gonna do. I haven't had a chance to fully analyze the Inflation Reduction Act. But I will, and we'll go from there." Maybe he just wants attention. Maybe he just wants to sound "like a moderate," for his deluded Montana voters. Manchin is a liar, and he's claiming this bill will reduce the deficit and reduce inflation. Both of those claims are lies. They're the usual type of Washington lies -- his bill is a fake ten year plan, in which all the spending happens in the first few years, and all the spending cuts happen in the last few years of the ten year schedule. No one expects any Congress to allow those cuts to actually happen. And, in any event, there will certainly be no reduction in inflation now, when we need it. Who cares about completely hypothetical 0.5% inflation reduction ten years from now, which is never going to be allowed to happen anyway? The WSJ: Majority Leader Chuck Schumer wants a Senate vote on his partisan tax deal with Joe Manchin as early as this week, and no wonder he wants to rush it through. The more Americans learn what's in this tax-and-spend behemoth, the more they'll dislike it. In fact, the model predicts the higher spending of the plan will cause inflation to increase for the next two years, during the very period when we're already facing 40-year-highs in inflation. Is this another reason that Biden had to have all of his media/institutional allies redefine two quarters of negative growth as "not a recession"? So that Manchin could say he never violated his promise to not raise taxes during a recession?
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