AOC Blasts Sinema
On Wednesday, Senator Krysten Sinema (D., AZ) said she would not go along with the House Democrat’s proposed $3.5 trillion package. Here’s AOC’s response.
Representative Rashida Tlaib (D., MI), Chimes In
Nancy Pelosi Also In on the Act
The WSJ reports “House Speaker Nancy Pelosi (D., Calif.) has said she won’t bring the infrastructure bill up in the House until the broader $3.5 trillion package has passed the Senate, effectively yoking the two bills’ fates together.”
The Greens Hijack Biden’s $3.5 Trillion Budget Proposal
On July 15, I commented The Greens Hijack Biden’s $3.5 Trillion Budget Proposal (That Could be a Blessing)
The Greens inserted provisions for a “clean energy standard” that would mandate 80 percent clean electricity as soon as 2030. Biden’s goal was 2035.
The proposal is a tariff (tax or a polluter import fee if you prefer). The idea is to put a tax on imports to make those countries adhere to the Progressive’s goal of 80% carbon-free energy by 2030 or 2035 at the latest.
Carbon Emission Percentages
Progressive Economic Ignorance Has No Bounds
Imagine the costs if the Progressives get their way.
In addition to untenable clean energy costs, the bill would expand Medicare, offer universal “free” pre-kindergarten, two years of “free” college, and other massive giveaways.
Thus my comment: The Stagflation Threat is Very Real but Congress Holds the Key
Biden calls the bill “The American Jobs Plan”. I propose a slightly different name.
Stagflation Guarantee Act of 2021
If that boondoggle passes, it would practically guarantee deep and lengthy stagflation by increasing prices, reducing demand, and lowering growth.
If that’s what you want, call your Congressional representatives and tell them “I want higher prices, lower growth, and higher unemployment. Please vote for the Stagflation Guarantee Act of 2021.”
How likely is passage?
I don’t know.
Senator Sinema clearly has strong reservations. We have not yet heard from Senator Joe Manchin (D., WV), a leading coal-producing state.
It only takes one to derail the Socialist Express Train. But it would be better if there were at least two.
It would be even better if Manchin or Sinema switched political parties. That would end all of this economic madness in one easy move.
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They don’t have to. The Democrats have always been a right-wing party, pretending to be center-left (NAFTA, 1994 Crime Bill, welfare reform, financial deregulation, telecom deregulation, Obamacare/HeritageFoundationCare, TPP anyone?). It is just that Manchin and Sinema are the current pair of “rotating villains”. The next time they have 50+ Senators in the future, it will be someone else.
22% of Americans use twitter. Of the 22% who use twitter
only 10% generate 80% of all tweets. Of those 80% of tweets generated most have
to do with politics so putting it together there are 209,000,000 adults in the
US so 22% of that equals 46,000,000 twitters. Of that group only 10% that is
4,600,000 generate 80% of all tweets. Most of those tweets generated by these
4,600,000 are political in nature. In conclusion we have a small group of tweet
addicts who believe that they speak for the people and that they are the only
ones who truly know what is right or wrong. It is ludicrous of course but for
some unfathomable reason Pundits and politicians believe that they actually are
the people speaking. Twitter has been gamed fantastically well and the butt of
the joke are the said pundits and politicians themselves. Everyone else is
looking at them and saying to themselves how stupid they look and what dumb
things they say. Is there any wonder that used car salesmen are more trusted
than those in Congress?
https://www.pewresearch.org/internet/2019/04/24/sizing-up-twitter-users/