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Political Threads This section is for Political Threads - Enter at your own risk. If you say you don't want to see what someone posts - don't read it :hihi: |
08-13-2022, 06:58 AM
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#1
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Registered User
Join Date: Nov 2007
Posts: 12,632
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Quote:
Originally Posted by Pete F.
If the Dems like the Trumplicans only passed legislation that was strict party line, they could accomplish as little of value to the American people as the Trumplicans do.
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Party-Line Vote Sends $740B Inflation Reduction Act To Biden
Inflation Reduction Act won’t curb inflation ‘over the short run,’ says economist
“Naming it ‘anti-inflation’ is a joke,” Kevin O’Leary, chairman of O’Shares ETFs and judge on CNBC’s “Money Court,” told CNBC’s Squawk Box on Monday. “This is going to be very inflationary almost immediately because we’re printing billions of dollars.”
NY Times 6 days ago — A Congressional Budget Office analysis found that the measure would have little effect on inflation this year.
CBS News
MONEYWATCH
One thing the Inflation Reduction Act may not do: Lower inflation
moneywatch
BY AIMEE PICCHI
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08-13-2022, 07:19 AM
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#2
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Canceled
Join Date: Jun 2003
Location: vt
Posts: 13,069
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Quote:
Originally Posted by scottw
Party-Line Vote Sends $740B Inflation Reduction Act To Biden
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VoteVets Statement on Passage of the Inflation Reduction Act:
"This is a huge win for Veterans, Troops and America. We thank President Biden and Democrats in Congress - and we won’t forget the Republicans who voted against Veterans."
The official CBO score of the Inflation Reduction Act, including savings from tax enforcement, shows $305 billion in deficit reduction this decade. That includes deficit reduction in 2023 and 2024 – which will help ease near-term inflationary pressures.
Passage of the Inflation Reduction Act will make Biden one of the most legislatively successful presidents of the modern era.
— American Recovery Act
— Infrastructure Investment and Jobs Act
— Chips and Science Act
— Inflation Reduction Act
Posted from my iPhone/Mobile device
Posted from my iPhone/Mobile device
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Frasier: Niles, I’ve just had the most marvelous idea for a website! People will post their opinions, cheeky bon mots, and insights, and others will reply in kind!
Niles: You have met “people”, haven’t you?
Lets Go Darwin
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08-13-2022, 05:11 PM
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#3
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Registered User
Join Date: Nov 2007
Posts: 12,632
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Quote:
Originally Posted by Pete F.
Passage of the Inflation Reduction Act will make Biden one of the most legislatively successful presidents of the modern era.
Posted from my iPhone/Mobile device
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Polls show that even his own party has very little confidence in him.
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08-13-2022, 06:42 PM
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#4
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Canceled
Join Date: Jun 2003
Location: vt
Posts: 13,069
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Quote:
Originally Posted by scottw
Polls show that even his own party has very little confidence in him.
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I’ll give you a hint
I will not support ANY Republican who voted for Trump in 2020. That’s virtually EVERY Republican, including DeSantis. So I may never vote Republican again. Our ONLY job now is to defeat this authoritarian party. That means vote Democrat.
Posted from my iPhone/Mobile device
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Frasier: Niles, I’ve just had the most marvelous idea for a website! People will post their opinions, cheeky bon mots, and insights, and others will reply in kind!
Niles: You have met “people”, haven’t you?
Lets Go Darwin
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08-14-2022, 09:38 AM
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#5
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Registered User
Join Date: Jul 2008
Posts: 20,429
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Quote:
Originally Posted by scottw
Polls show that even his own party has very little confidence in him.
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come on, you don’t think biden is going on mount rushmore?
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08-16-2022, 10:31 AM
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#6
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Ledge Runner Baits
Join Date: Oct 2000
Location: I live in a house, but my soul is at sea.
Posts: 8,395
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Quote:
Originally Posted by scottw
Party-Line Vote Sends $740B Inflation Reduction Act To Biden
Inflation Reduction Act won’t curb inflation ‘over the short run,’ says economist
“Naming it ‘anti-inflation’ is a joke,” Kevin O’Leary, chairman of O’Shares ETFs and judge on CNBC’s “Money Court,” told CNBC’s Squawk Box on Monday. “This is going to be very inflationary almost immediately because we’re printing billions of dollars.”
NY Times 6 days ago — A Congressional Budget Office analysis found that the measure would have little effect on inflation this year.
CBS News
MONEYWATCH
One thing the Inflation Reduction Act may not do: Lower inflation
moneywatch
BY AIMEE PICCHI
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You probably also think you can easily change the course of cargo ships.
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08-16-2022, 11:13 AM
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#7
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Registered User
Join Date: Nov 2007
Posts: 12,632
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Quote:
Originally Posted by Got Stripers
You probably also think you can easily change the course of cargo ships.
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no...there is nothing in the legislation that will reduce inflation...that's has become widely evident...but it's a great name for the legislation
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08-16-2022, 11:21 AM
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#8
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Registered User
Join Date: Jul 2004
Posts: 10,200
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Quote:
Originally Posted by scottw
no...there is nothing in the legislation that will reduce inflation...that's has become widely evident...but it's a great name for the legislation
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The bill will make small steps to help bring inflation back to normal levels, said Shai Akabas, the director of economic policy at the Bipartisan Policy Center.
"It will generally work in the right direction and help the Federal Reserve, which has the primary responsibility for getting a hold of inflation," Akabas said.
ECONOMY
What's causing inflation
There are three main ways the bill targets rising prices, according to Akabas. First, it plans to reduce the federal deficit, which is the difference between how much the U.S. government spends and how much it makes in taxes and revenue. When there's less money floating in the economy, there tends to be less demand and fewer price hikes, Akabas said.
Because there are several provisions to encourage spending in the bill, the net impact on inflation is unclear.
Second, it will promote the production of certain goods, mainly in renewable energy. Having more supply than demand could help lower some costs over time, he added.
Third and more directly, one provision of the bill will help limit the price growth of certain prescription drugs by allowing Medicare to negotiate their cost with pharmaceutical companies. Still, some of the biggest drivers of inflation, including food and energy costs, are not immediately addressed.
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08-16-2022, 11:36 AM
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#9
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Registered User
Join Date: Jul 2004
Posts: 10,200
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Quote:
Originally Posted by scottw
that's an opinion...good job
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You can say that about anything- Good job
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08-16-2022, 12:01 PM
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#10
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Registered User
Join Date: Nov 2007
Posts: 12,632
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Quote:
Originally Posted by PaulS View Post
The bill will make small steps.....
It will generally work in the right direction ......
the net impact on inflation is unclear.
could help lower some costs over time
Still, some of the biggest drivers of inflation, including food and energy costs, are not immediately addressed.
Last edited by scottw; 08-17-2022 at 01:15 AM..
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08-16-2022, 01:33 PM
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#11
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Registered User
Join Date: Jul 2008
Posts: 20,429
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Quote:
Originally Posted by scottw
Quote:
Originally Posted by PaulS View Post
The bill will make small steps.....
It will generally work in the right direction ......
the net impact on inflation is unclear.
could help lower some costs over time
Still, some of the biggest drivers of inflation, including food and energy costs, are not immediately addressed.
C ...for effort
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600 billion for an “Inflation Reduction Act” for which his source says will have an “unclear” net impact on inflation.
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