Friday, September 17, 2021

Snatching defeat

 
 
"Sanders wanted a large number and Manchin wants a smaller number and we’re going to work this process to try to reach common ground," said a source familiar with the White House's thinking.
 
Note the verb tense Sanders “wanted”; Manchin “wants”.
 
As an aside.. I heard on a recent Podcast the Mark Zandi (he’s a professional economist, not an academic) that many of the provisions in the AFP have been worked on for a number of years.  This somewhat deals with my concern about creating a $3.5 trillion bill in a couple of weeks. 
 
On the other hand on the same podcast (link below) his counterpart pointed out that since it is clear that the final number will not be 3.5 trillion there should be a real debate on priorities.  There’s just not enough time to have this debate.   Maybe they will use Biden’s original $1.8 trillion plan as the baseline.   This is no way to run an airline. 
 

Here’s the podcast  https://podcasts.apple.com/us/podcast/intelligence-squared-u-s-debates/id216713308

 

And a link to Biden’s original plan. 

 

What's in Biden's American Families Plan? (investopedia.com)


 


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