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Yeah......great.....but top problem with all of that is that inflation is out of control (by design) and the so-called Inflation Reduction act is about to raise taxes on the middle-class.
Right now the middle-class is getting hammered.
It doesn't matter how many jobs you claim you created when none of them can keep up with inflation.
Most of the people willing to work have almost zero excess income to invest or to buy anything other than the bare essentials. Food costs are up...gas prices are up...the price of everything is up.
So...what you have is a situation where Biden is crushing the American Dream....and it only took him 18 months to do it.
#217What post number?
That post talks about whether or not the Bill is inflationary or not...not about tax increases.#217
No.....seems you have a problem with English comprehension.That post talks about whether or not the Bill is inflationary or not...not about tax increases.
The part YOU POSTED talks about inflation. Anything else is pay walledNo.....seems you have a problem with English comprehension.
The story talks about lots of things including the fact that the name of the act is misleading.
It's really a big subsidy for green energy and climate change programs.
It's not only doesn't address inflation but it also causes more of it.
And it's also a Middle-Class tax increase even though Biden promised not to raise taxes on anyone making less than $400K/yr.
They only named it the Inflation Reduction Act to give idiots the idea that it reduces inflation.
No....the part I quoted talked about inflation and tax increases.The part YOU POSTED talks about inflation. Anything else is out walled
I just read it stupid.No....the part I quoted talked about inflation and tax increases.
Here it is. Anyone see anything from the WAPO about tax increases on the middle class?Nope....it's the absolute truth.
The primary focus on that POS legislation is to raise taxes on the Middle-Class.
When inflation is out of control the worse thing you can do is raise taxes.
And it also is designed to install the New Green Deal in a backdoor manner.
"Democratic leaders have cut a deal with Sen. Joe Manchin III (D-W.Va.) on a $433 billion package of climate spending and tax increases disguised as the Inflation Reduction Act of 2022. The bill would not reduce inflation. The nonpartisan Penn-Wharton budget model estimates it would actually produce “a very small increase in inflation for the first few years, up to 0.05 percent points in 2024” (emphasis added) followed by “a 0.25 percentage point fall … by the late 2020s.” The effect either way, Penn-Wharton says, is “not statistically different than zero,” which means the legislation would not “have any impact on inflation.”
Yes....you stupidly read it. It also has links in it including a summary of what it does.I just read it stupid.
budgetmodel.wharton.upenn.edu
Now you’re going on about the ACAYes....you stupidly read it. It also has links in it including a summary of what it does.
One of them is subsidizing the Affordable Care Act permanently.
Inflation Reduction Act: Preliminary Estimates of Budgetary and Macroeconomic Effects — Penn Wharton Budget Model
PWBM estimates that the Inflation Reduction Act would reduce non-interest cumulative deficits by $248 billion over the budget window with no impact on GDP in 2031. The impact on inflation is statistically indistinguishable from zero. An illustrative scenario is also presented where Affordable Care A
Seems it does a bunch of stuff....but fighting inflation is not one of them.
www.foxnews.com
Great news for Biden and well, everyone who has a favorable view of having a job. 438000 jobs created in April.
Well....if you kick 200,000 people out of their jobs due to vaccine-mandates you can really pad your numbers.Jobs are being created by human absence, not Biden!!! Biden is just taking credit for it. There are jobs all over the place that used to be filled yet aren't now. Every fucking intelligent human being in America knows this. But Biden's media only plays the naive morons who call themselves Democrats.
One very distinct possibility is that some of these people may have been virtually paid not to work.... And yet that fact has been laundered somehow...
Anyone with half a brain can see that we don't need to create jobs we need to find people to fill the job vacuum that we already have.
I got covid 3 months after I got my second shot.Well....if you kick 200,000 people out of their jobs due to vaccine-mandates you can really pad your numbers.
The amazing thing is this shit is still going on even though the vaccines have been proven to be a load of crap.
um they can’t afford shit, their dollar is worthless, they are losing money.I'm trying to figure out the negative effect of a Recession (for the average person) when job numbers are good
Any help here?
Great news for Biden and well, everyone who has a favorable view of having a job. 438000 jobs created in April.
Two quarters of negative gdp growth is an indicator of a recession but there are other factors. There are two groups that actually make the decision that the country is in a recession, the president's economic advisors and the Governors of the Federal Reserve Board. Of the two, the Fed is considered the ultimately authority because it is there job to control the economy, putting the brakes on when the economy is over heated , and applying stimulus in a slow down.we are in one now.
In a recession, all economic indicators do not all move together at the same time. We have leading economic indicators such as the stock market which is typically one of the first to go down and lagging indicators such as unemployment which is one last to go up. Unemployment is also one of the last to turn down in a recovery and the stock market is one of the first to turn up.I asked that question in 4 different threads and never got an answer.
