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Message
Manchin admits 'Inflation Reduction Act' won't tame inflation for Americans anytime soon
Posted on 8/17/22 at 9:01 am
Posted on 8/17/22 at 9:01 am
SLIME
Manchin admits 'Inflation Reduction Act' won't tame inflation for Americans anytime soon
Sen. Joe Manchin, D-W.V., on Tuesday admitted that the Inflation Reduction Act won’t "immediately" temper inflation, telling reporters that the necessary investments needed to bring down prices would take some time.
Manchin’s comments came after President Biden signed the landmark climate change and health care bill into law on Tuesday, delivering what he has called the "final piece" of his pared-down domestic agenda. Though Democrats have labeled the measure the Inflation Reduction Act, nonpartisan analysts have said it will have a barely perceptible impact on prices.
Sen. Joe Manchin, D-W.Va., speaks to reporters outside the West Wing of the White House in Washington, Tuesday, Aug. 16, 2022, after President Joe Biden signed the Democrats' landmark climate change and health care bill. AP Photo/Andrew Harnik
© AP Photo/Andrew Harnik
Sen. Joe Manchin, D-W.Va., speaks to reporters outside the West Wing of the White House in Washington, Tuesday, Aug. 16, 2022, after President Joe Biden signed the Democrats' landmark climate change and health care bill. AP Photo/Andrew Harnik
Asked by Fox News reporter Hillary Vaughn whether it was misleading to call the bill the "Inflation Reduction Act" because it won’t make everyday goods less expensive, Manchin said: "Why would it?"
"Well immediately it’s not," Manchin said. "We've never seen anything would happen immediately, like turn the switch on and off."
Manchin said the market is anticipating the investments that will be made with the passing of the bill. Utility prices, for instance, will come down as the United States becomes more energy independent.
"We’re fighting like the dickens. You got to produce yourself out of this," Manchin said. "If you think that you’re going to wait on the Federal Reserve to raise rates, discourage you from buying anything (and) that’s going to take care of our inflation, that’s not how you take care of inflation."
Asked whether it made sense to ask people to pour large sums of money into putting solar panels on their roofs, buying an electric vehicle, then cashing on the credits, Manchin said that would be a 10-year process.
LINK
Manchin admits 'Inflation Reduction Act' won't tame inflation for Americans anytime soon
Sen. Joe Manchin, D-W.V., on Tuesday admitted that the Inflation Reduction Act won’t "immediately" temper inflation, telling reporters that the necessary investments needed to bring down prices would take some time.
Manchin’s comments came after President Biden signed the landmark climate change and health care bill into law on Tuesday, delivering what he has called the "final piece" of his pared-down domestic agenda. Though Democrats have labeled the measure the Inflation Reduction Act, nonpartisan analysts have said it will have a barely perceptible impact on prices.
Sen. Joe Manchin, D-W.Va., speaks to reporters outside the West Wing of the White House in Washington, Tuesday, Aug. 16, 2022, after President Joe Biden signed the Democrats' landmark climate change and health care bill. AP Photo/Andrew Harnik
© AP Photo/Andrew Harnik
Sen. Joe Manchin, D-W.Va., speaks to reporters outside the West Wing of the White House in Washington, Tuesday, Aug. 16, 2022, after President Joe Biden signed the Democrats' landmark climate change and health care bill. AP Photo/Andrew Harnik
Asked by Fox News reporter Hillary Vaughn whether it was misleading to call the bill the "Inflation Reduction Act" because it won’t make everyday goods less expensive, Manchin said: "Why would it?"
"Well immediately it’s not," Manchin said. "We've never seen anything would happen immediately, like turn the switch on and off."
Manchin said the market is anticipating the investments that will be made with the passing of the bill. Utility prices, for instance, will come down as the United States becomes more energy independent.
"We’re fighting like the dickens. You got to produce yourself out of this," Manchin said. "If you think that you’re going to wait on the Federal Reserve to raise rates, discourage you from buying anything (and) that’s going to take care of our inflation, that’s not how you take care of inflation."
Asked whether it made sense to ask people to pour large sums of money into putting solar panels on their roofs, buying an electric vehicle, then cashing on the credits, Manchin said that would be a 10-year process.
LINK
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Posted on 8/17/22 at 9:02 am to djmed
Joe Mancin, would-be Father of American Communism
Posted on 8/17/22 at 9:02 am to djmed
Manchin is a POS!
Posted on 8/17/22 at 9:02 am to djmed
If they are admitting this at this point, there isn't snowball's chance in hell it will help with inflation AT ALL...
Posted on 8/17/22 at 9:03 am to djmed
“Won’t tame inflation immediately”, per article.
Should be “Will actively make inflation worse.”
I’m wondering what payoff he got for this because it may not be worth as much as he thought it would be worth.
Should be “Will actively make inflation worse.”
I’m wondering what payoff he got for this because it may not be worth as much as he thought it would be worth.
Posted on 8/17/22 at 9:04 am to djmed
They named it “Inflation Reduction Act” so that Manchin would sign it.
It’s really a tax bill.
It’s really a tax bill.
Posted on 8/17/22 at 9:05 am to djmed
The name of the bill alone should've been a red flag 
Posted on 8/17/22 at 9:08 am to djmed
Your turn, West Virginia.
Posted on 8/17/22 at 9:08 am to djmed
West Virginia will Wyoming him for this
Posted on 8/17/22 at 9:09 am to LSUcdro
It’s a lefty thing.
How free is any country which includes “People’s Republic” in the official title?
If Dems ran large businesses, Kentucky Fried Chicken would be the world’s largest vegan chain while retaining the KFC branding.
How free is any country which includes “People’s Republic” in the official title?
If Dems ran large businesses, Kentucky Fried Chicken would be the world’s largest vegan chain while retaining the KFC branding.
Posted on 8/17/22 at 9:16 am to djmed
quote:
Manchin said the market is anticipating the investments that will be made with the passing of the bill. Utility prices, for instance, will come down as the United States becomes more energy independent.
"We’re fighting like the dickens. You got to produce yourself out of this," Manchin said. "If you think that you’re going to wait on the Federal Reserve to raise rates, discourage you from buying anything (and) that’s going to take care of our inflation, that’s not how you take care of inflation."
Asked whether it made sense to ask people to pour large sums of money into putting solar panels on their roofs, buying an electric vehicle, then cashing on the credits, Manchin said that would be a 10-year process.
frick that worthless piece of shite.
but frick the Senate GOP for letting Biden get cloture on the "infrastructure" bill earlier this year, because that allowed this bullshite to pass via reconciliation.
Posted on 8/17/22 at 9:20 am to udtiger
quote:
but frick the Senate GOP for letting Biden get cloture on the "infrastructure" bill earlier this year, because that allowed this bullshite to pass via reconciliation
You really think this wasn't all part of the plan? When will yall ever learn?
Posted on 8/17/22 at 9:21 am to djmed
West Virginia voters, you are on the clock!!!
Posted on 8/17/22 at 9:27 am to UFMatt
quote:
West Virginia voters, you are on the clock!!!
yeah, that's not going to happen. Manchin will be in the senate until he chooses to retire. They certainly aren't voting him out.
Posted on 8/17/22 at 9:30 am to udtiger
quote:
Manchin said the market is anticipating the investments that will be made with the passing of the bill. Utility prices, for instance, will come down as the United States becomes more energy independent.
How does this bill accomplish this goal? We WERE energy independent not that long ago.
Posted on 8/17/22 at 9:30 am to djmed
quote:
Manchin admits 'Inflation Reduction Act' won't tame inflation for Americans anytime soon
You can say it you lying POS..."not at all"
This post was edited on 8/17/22 at 9:32 am
Posted on 8/17/22 at 9:30 am to djmed
Stupidity
Posted on 8/17/22 at 9:31 am to djmed
quote:
produce yourself out of this
so we're hiring 87000 more IRS thugs to throttle what little productivity survived our lates 2T$$$ of welfare grift paying people to stay home and play with their puppy.
Posted on 8/17/22 at 9:32 am to TigerFanatic99
Not to add more fuel to the ridiculous fire but it is being reported in Florida that insurance companies are refusing to insure homes that have solar panels
The Florida insurance crisis is real with many insurers going bankrupt and the cost of insurance has risen over 200%
Roofing lawsuits are bankrupting companies
The Florida insurance crisis is real with many insurers going bankrupt and the cost of insurance has risen over 200%
Roofing lawsuits are bankrupting companies
Posted on 8/17/22 at 9:39 am to dafif
quote:
Not to add more fuel to the ridiculous fire but it is being reported in Florida that insurance companies are refusing to insure homes that have solar panels
The Florida insurance crisis is real with many insurers going bankrupt and the cost of insurance has risen over 200%
Roofing lawsuits are bankrupting companies
This kind of ins issues and solar companies putting leans on homes should concern anyone thinking about doing this. Auto Ins is seeing issues too with all the tech on cars.
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