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In reply to the discussion: Sanders grapples with missed opportunity in Democrats' economic plan [View all]Uncle Joe
(58,349 posts)26. Biden's Build Back Better Plan Will 'Ease' Inflation, 15 Nobel Prize Economists Say
(snip)
Democrats in Congress are attempting to push through a $3.5 trillion "human infrastructure" bill via the budget reconciliation process, but they are facing internal division with some moderates opposed to the high price tag. As some of these moderates raise concerns that the package could lead to greater inflation, Republican lawmakers are uniformly opposed to the Biden plan.
But 15 economistsall who have previously won the Nobel Memorial Prize in Economic Scienceshave argued precisely the opposite.
"Because this agenda invests in long-term economic capacity and will enhance the ability of more Americans to participate productively in the economy, it will ease longer-term inflationary pressures," they wrote in an open letter dated Wednesday.
(snip)
The economists praised the American Rescue Plan passed by Biden and Democrats without any Republican support back in March. However, they said more spending is needed to reverse "years of disinvestment in public goods" and to address "the country's long-term needsincluding building toward sustainable and inclusive growth and facilitating our clean energy transition."
(snip)
https://www.newsweek.com/bidens-build-back-better-plan-will-ease-inflation-15-nobel-prize-economists-say-1629921
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Sanders grapples with missed opportunity in Democrats' economic plan [View all]
Uncle Joe
Aug 2022
OP
Logical conclusion, those are the primary beneficiaries which you don't dispute.
Uncle Joe
Aug 2022
#14
Buybacks are not mandatory and thus not universal, taxes on micro-transactions pretty much are.
Uncle Joe
Aug 2022
#18
If that were true, why wasn't he involved in the discussions between Schumer and Manchin?
TexasTowelie
Aug 2022
#6
I asked first, but I'll answer you anyway even though you ignored my questions.
TexasTowelie
Aug 2022
#8
The video in the OP offers even more substance in regards to Bernie's position on the issue. n/t
Uncle Joe
Aug 2022
#13
Biden's Build Back Better Plan Will 'Ease' Inflation, 15 Nobel Prize Economists Say
Uncle Joe
Aug 2022
#26
Those economists said that a year ago. The economic outlook and conditions are very different now.
lapucelle
Aug 2022
#27
We're going to get this now and then after November, when we have more reps and Senator
onecaliberal
Aug 2022
#19
To my mind his 30 years in DC appear as almost nothing but failed opportunities
Hortensis
Aug 2022
#34