Build Back Better may be back sooner than later. Was Manchin’s act a stunt? Republicans are killing themselves. Corporations are causing false inflation.
Build Back Better is alive
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- What’s Driving Higher Prices? Unchecked Corporate Power: The real reason for inflation is clear: the increasing concentration of the American economy into the hands of a relative few corporate giants with the power to raise prices. Last week, the Fed’s policy committee announced it would both end its bond-buying program and likely raise interest rates sooner than had been expected. “Inflation is more persistent and higher, and that the risk of it remaining higher for longer has grown,” Fed chair Jerome Powell explained. Translated: Powell and the Fed are about to slow the economy — even though we’re still at least 4 million jobs short of where we were before the pandemic. And even though, as a result, millions of American workers won’t get the raises they deserve.
- After President Biden gave his Omicron speech, a reporter wanted to talk about Senator Joe Manchin’s betrayal. Biden was a statesman and made it clear he intends to pursue Build Back Better and indicated that he is communicating with Manchin.
- Republicans are continuing to play suicidal COVID games. Unfortunately, in the process, they will take some innocent and responsible people with them.
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