Goldman Slashes US Growth Outlook On Manchin Bombshell
"A failure to pass Build Back Better has negative growth implications," Goldman said, in a note out just hours after Joe Manchin effectively torpedoed The White House's social spending plan on national television.
Manchin's revelation, delivered during an interview with Fox News, left Democrats reeling.
Jen Psaki said the administration will continue to press Manchin on his position, but his remarks had an air of finality. "I just can't," he said, feigning disappointment. "I've tried everythin
“On the bright side, the rich get richer”, he said with a straight face.
That’s awesome. Let’s starve millions of children and in return corporations get a 3% tax reprieve. Manchin is really looking out for Americans.
All politics is local. West Virginia is the second poorest state in the US. Trump country to the max.
Irony: When the folks in WV see the CTC expire in the new year and blame it on Democrats.
Tweaks to fiscal and monetary spigots are like controlling your shower’s water temperature with a feedback lag of months. The pandemic was like a hot water line break in this system. It’ll take years of economic overestimulation and overtigtening before we go back to the stability of the 2010s. I trust fellow controls engineers will appreciate the analogy.