A new report from the Bureau of Labor Statistics showing that prices rose in October and are hovering at a notably high point has triggered a full-on Democratic panic attack over the fate of the reconciliation bill.
Yes, oil and gas prices are up due to Putin and OPEC cutting production.
The next biggest rise is now seen in these two items: MOTEL ROOMS and RENTAL CARS.
How many Americans are going to use those two items on a regular basis?
Food prices have risen, both seasonally and because we have had supply chain issues.
Certain things have gone DOWN: airline fares, employee and school lunches and mass transportation.
This is phony phony phony hype. China’s rate is now over 13%…
Facts are in short supply among the general public. They have NO idea of what causes these price rises.
Inflation has become a dog whistle when convenient. Sure it happens when prices rise but it also happens when there is growth. I remember when Republicans used the inflation dog whistle during the recession. Media needs to ask them to explain their thinking. When pigs fly.
As we move past the pandemic there will be price rises as production trails demand. Even when this is explained to the likes of Manchin, he continues with his deliberately misleading mantra.
Manchin was never going to support BBB, this is just his latest excuse. He will make a good Republican.
What we learn from this: asset inflation (more money chasing random investment vehicles) good; wage inflation (people getting paid what they can now demand) bad. At least in the mouths of the usual suspects.
OT: Bannon indicted for contempt of Congress.
Now frog march that traitorous bastard straight to a cell!
(Oh, and mea culpas for demonizing Garland are now being accepted.)
It takes a while to turn a big ship.
With this and expected Court rulings on Trump admin. documents to the Jan. 6 Committee, we might eventually, albeit slowly, be heading in the right direction.
Part of this worry about the government spending too much money is people are thinking of their own personal finances as somehow being similar to government finances. There is a big difference, the US can borrow money at close to 0% interest and the money it pumps into the economy has numerous positive impacts. Paul Krugman thinks this latest round of inflation is going to be short-live and serious midterm damage could be done to the economy by taking extreme measures to “control” it. I am beginning to believe that Manchin’s actions are just the result of plain stupidity, rather than discerning attempts to get re-elected as a Democrat in a red state.
*“gArLaNd aIt a ReAL Ag. BiLL BaRr iS sO mUcH bEttEr.”- do something Twitter
Jonathan Kott, one of Manchin’s lieutenants, stated last night that Manchin will ultimately support BBB. So did Norm Ornstein.
Anyway, this is on Joe Biden to bring it home. He promised 50 Senate Votes…and I say this as an admirer of Joe Biden.
Kayleigh suddenly shows up on the Hill in 5,4, 3, 2.
At what target dollar point and without which provisions?
That’s why I referenced Ornstein.
Bannon is going to have some serious medical issues in drying out if he does go to jail. Going cold turkey from long term alcoholism can have serious consequences if not done under medical supervision (too bad, so sad if it happens).
Are you suggesting she doesn’t want a criminal indictment on her stellar resume?
“wHy DidNt hE do It In ApRiL?”
All i know that she’s the primary breadwinner and actually doing the right thing is better than DOJ officially putting you in the system.