Bill should pass house today so Biden can sign next week. Hope he has a big signing ceremony and touts how anticipation for this legislation has cause inflation to begin to recede already and gas prices are the lowest in 5 months and still dropping and that 401Ks are getting back their losses and the stock market has rebounded. All due to democrats addressing real issues instead of fearmongering. This is what real work seeking results looks like.... Originally Posted by 1blackman1
PLEASE Blackman. Biden complied with his campaign promises to stop issuing drilling permits and leases on federal lands and in federal waters. He backed off when pressured by the courts, and for reasons of political expediency. In the longer term, he said he wanted to put a knife in the back of American oil and gas producers, by taking carbon emissions down to net zero. What's that going to do for oil and gas prices? For confidence in investing billions of dollars in the U.S. oil patch?
While we're at it, should we start praising arsonists if they circle back and start helping firefighters extinguish the fires they started?
Yes, of course! I believe I posted just a few days ago that we're almost sure to see Karine step to the lectern and announce a new episode of victory-lapping over the likely decline in the inflation rate. Even though, of course, the "Inflation Reduction Act" (a misnomer if there ever was one!) will have nothing to do with it. Didn't we recently see her make ridiculously disingenuous boasts about how the sheer wonderfulness of their policies was reducing gasoline prices?
By the way, do you think she will also announce that the Biden administration will, at such time that its presence can no longer be denied, take credit for the concomitant recession? Originally Posted by Texas Contrarian
Then there was the $1.9 trillion American Rescue Plan, which didn't receive a single Republican vote. The dean of Democratic Party economists, Larry Summers, was shouting from the rooftops that the ARP would supercharge inflation, before and after it was passed.
Texas Contrarian is spot on. The arsonist now is going to take credit for putting out the fire.
