House Speaker Nancy Pelosi (D-CA) had said she’d have the infrastructure bill on for a vote on Monday. Then she was forced to shift it to Thursday, angering the moderates to whom she’d promised the Monday vote. Now, as we’ve seen, there was no vote yesterday, Pelosi was forced to pull the vote yet again because she didn’t have the numbers despite claiming all week that she would. That’s a pretty big embarrassing defeat for Pelosi after she’d been promising that she’d have it all week. But as we said, it was a dumb promise to make given the stalemate.
There’s another risk to holding the bipartisan bill hostage in order to try to force Manchinema’s topline upwards on the reconciliation bill. The more lefties act like the bipartisan bill sucks and is just something they’re going along with to get what they really want, the harder it’ll be for the rest of the party to sell it to voters as a major accomplishment. To hear the Squad tell it, the roads-and-bridges bill is merely the price of admission for doing meaningful good for the country via the reconciliation bill, not meaningfully good in and of itself. What happens if that perception takes hold and then the two wings of the party can’t get together on reconciliation, making the bipartisan bill the only game in town?The self proclaimed smartest guy in the universe said there was a 90% chance that the bill would pass yesterday. After all between the 50 years of experience that Biden has at failing, the charm and eloquence that Pelosi displays, a simply majority would be a no-brainer. How could the two most talented politicians in the world fail?
Obviously the bill is not dead just because they didn't hold a vote on Monday or even yesterday. Pelosi simply didn't have the votes and quite obviously there needs to be some serious political maneuvering. This will likely include figuring out how to convince the progressives that the hind ends of Manchin and Sinema will not taste so bad when they are all forced to kneel down and kiss them.
43 comments:
LMAO
I said 90% correctly because I said before Kerry in a landslide.
Bernie Sanders is probably the main reason for this issue..
This might be the final nail.
Rep. Alexandria Ocasio-Cortez (D-NY) told reporters that a “framework” for a budget reconciliation bill will not be sufficient to win House progressive votes on the bipartisan infrastructure bill.
She wants a Senate vote on the bill first.
This is frustrating
Bonus Quote of the Day
October 1, 2021 at 9:55 am EDT By Taegan Goddard 189 Comments
“Two senators cannot be allowed to defeat what 48 senators and 210 House members want. We must stand with the working families of our country. We must combat climate change. We must delay passing the Infrastructure Bill until we pass a strong Reconciliation Bill.”
— Sen. Bernie Sanders (I-VT), on Twitter.
Someone might want to tell Sanders that 52 senators can absolutely defeat what 48 senators want.
If they fail the President The new Republican party of Trump will destroy the Constitution and our God given rights.
But I know you don't really like Trump anymore but.
If anyone can save the Republican party is!!!
Pence has maintained that he was proud of the role he served that day and said that he did not have the constitutional authority to reject or return electoral votes that had been certified by the states.
"Obviously, it was a difficult day in January," Pence noted on the show. "It was a dark day at our Capitol building. We've moved past it. We finished the work, and I can tell you honestly my focus is entirely on the future, and I believe that future is bright."
Pence's remarks come as the former vice president is reportedly making efforts to raise funds for a possible 2024 presidential bid.
----
I wouldn't vote for him because I disagree with him on most issues. But he fulfilled his duty under the Constitution on January 6th.
He has spoken to Trump about six times since the inauguration of Sleepy Joe Biden and Kamala Harris rrb's nightmare..m
This is definitely worthy of a BWAA, so...
BWAAAAAAAAAAAAAAAAAAAAPPAAAAAAAAAAAAAAAAAA!!!!
h/t: BWAA.
So alky,
Pence and Trump are involved in this how, exactly?
https://share.newsbreak.com/1el0s4gq
A dozen times
I know it is off topic but.
Mike Pence might save the USA.
Why this matters 👇
The stakes: White House officials and senior congressional leaders are trying to lock in a framework agreement with Senate centrists but top progressives are suggesting that won't be enough to win their votes for the bipartisan infrastructure deal. They are demanding an actual vote on the larger reconciliation bill — which hasn't been written yet.
Rep. Alexandria Ocasio-Cortez (D-N.Y.): "We need a vote. We need to be real... I know we're all committed to the same goal."Progressive caucus chair Pramila Jayapal (D-Wash.): "I have consistently said that we need a vote in the Senate because I want to make sure that there are no delays, that there are no mix ups, that there are no mixed understandings about what the deal is... It's both content and process."
The vibe: Democrats across the spectrum are still suggesting they want to deliver President Joe Biden's agenda.
For what it's worth: Jayapal, like centrist Sen. Joe Manchin (D-W.Va.), said she's sticking around in Washington D.C. to keep talking.
Politico reports
Rep. Alexandria Ocasio-Cortez (D-N.Y.): "We need a vote. We need to be real... I know we're all committed to the same goal."Progressive caucus chair Pramila Jayapal (D-Wash.): "I have consistently said that we need a vote in the Senate because I want to make sure that there are no delays, that there are no mix ups, that there are no mixed understandings about what the deal is... It's both content and process."
Interesting... it doesn't actually sound like AOC is puckering up to kiss any asses? That could be a really, really, really bad sign for Biden, Pelosi, Schumer and such.
The problem is that there is no real leverage for the progressives. Manchin isn't going to care whether or not the infrastructure bill passes anywhere near enough to cave in the 3.5 trillion. Neither is Sinema. Both have already voted for the Infrastructure bill in the Senate which already passed with nearly 70 votes. They are 100% safe in their behavior.
More to the point, when (one would assume it will eventually happen) the House progressives cave and vote to pass the $1.2 trillion - then there is literally no leverage to push either Manchin or Sinema on the reconciliation bill. They have already both dug in their heels and have issued their own ultimatums. As Manchin suggests, he is not a fiscal liberal. He does not believe the 5 trillion dollar fiasco is good for his state or the country.
It will probably surprise you that I agree with Manchin
_____
In a lengthy statement, Manchin spelled out the reasons he is unwilling to support the $3.5 trillion reconciliation package his fellow Democrats are hoping to push through Congress within the next few days or weeks. "Spending trillions more on new and expanded government programs," he said, "when we can't even pay for the essential social programs, like Social Security and Medicare, is the definition of fiscal insanity." Manchin went on to say that he worries about how more government spending might drive inflation even higher, how higher taxes necessary to pay for that spending will make it harder for small businesses to compete with big retailers like Amazon, and how an expanded welfare state might slow the ongoing economic recovery.
Manchin's opinion about these things carries a lot of weight right now. Democrats have the slimmest possible majority in the U.S. Senate, and need all 50 of their members (plus Vice President Kamala Harris) to vote in support of the reconciliation bill or it will not pass. The senator from West Virginia has all the leverage, and he's using it to force the rest of Congress to take a good, hard look the fiscal mess its made over the past few years (and, more specifically, since the COVID-19 pandemic began.
"I can't support $3.5 trillion more in spending when we have already spent $5.4 trillion since last March," Manchin said. "I cannot—and will not—support trillions in spending or an all or nothing approach that ignores the brutal fiscal reality our nation faces."
While he did not specifically invoke the $28 trillion national debt or the federal government's current budget deficit, Manchin obviously wants to draw Congress' attention to the massive disconnect between how much the government spends and how much it collects in taxes. According to the Congressional Budget Office (CBO), the national debt will exceed the size of the U.S. economy by the end of this year and will continue growing as annual budget deficits pile up over the next few decades. "A growing debt burden could increase the risk of a fiscal crisis and higher inflation as well as undermine confidence in the U.S. dollar, making it more costly to finance public and private activity in international markets," the CBO has warned.
Higher levels of debt mean higher interest costs and larger sums of money that must be dedicated to debt service. Every dollar spent paying for the cost of carrying so much debt is a dollar that can't be used on something else. If interest rates rise even just a few percentage points, the cost of servicing $28 trillion (and counting) of debt will skyrocket.
As Manchin also pointed out, the government is already going to need a lot of dollars to fix the trajectories of the major entitlement programs—Social Security will be insolvent in the early 2030s and part of Medicare will be unable to fully pay benefits in just five years.
But while the senator at the center of the reconciliation bill drama has made clear he won't support $3.5 trillion in new spending, he's been more than a bit vague about what sort of package would earn his vote. There are a few nuggets to be mined from Manchin's statement on that front: He signals support for undoing some of the Trump tax cuts and for means-testing expanded social programs to ensure they are aimed at the truly needy. Those seem like places where Democrats might find a compromise that satisfies both Manchin and the party's progressive wing.
Relatedly, Politico reported Thursday that Manchin offered in July to support a $1.5 trillion reconciliation bill. That plan would reportedly raise corporate income taxes, personal income taxes on high earners, and the capital gains tax. Excess revenue beyond the $1.5 trillion necessary to pay for the bill would reportedly be directed to deficit reduction.
'Xxxx
Cut it deeply and raise taxes on the rich to pay off some of the costs.
https://reason.com/2021/09/30/joe-manchin-is-forcing-congress-to-think-about-the-deficit-good/
Unfortunately you might be right now..
Excess revenue tax beyond the $1.5 trillion necessary to pay for the bill would reportedly be directed to deficit reduction.
I have no idea if the numbers are valid but he is not a socialist.. I generally have supported moderate Democrats like Obama and Clinton.
https://reason.com/2021/09/30/joe-manchin-is-forcing-congress-to-think-about-the-deficit-good/
I only agree with Manchin in why he says he opposes 3.5 trillion. I disagree with the parsing logic that the same reasons 3.5 trillion is a bad idea do not necessarily fall in line with a 1.5 trillion dollar bill.
Seems to me that if (as Manchin suggests) we cannot pay for what we currently are required to pay for, that maybe we shouldn't be talking about any reconciliation bill that has the word trillion in it. Maybe we suck it up and look at reducing (not increasing) the deficit and cutting back on how much we are adding to the debt.
Scott I think that the infrastructure bill is very important.
The liberal links between them are causing the biggest challenge in decades...
Scott he said what you want reduce the deficit, so it would be about the same numbers under Trump????
Excess revenue tax beyond the $1.5 trillion necessary to pay for the bill would reportedly be directed to deficit reduction.
He does not believe the 5 trillion dollar fiasco is good for his state or the country.
No sane, rational person does.
Those most desirous of blowing $5 TRILLION like Bernie and AOC are also those most detached from economic reality and most lacking in a basic knowledge of economics.
Bidenomics crushing the middle income earners along with the poor.
"NEW YORK (AP) — Brace for a rude surprise on your winter heating bills.
After years of unusually inexpensive levels, the price of natural gas in the United States has more than doubled since this time last year."
Excess revenue tax beyond the $1.5 trillion necessary to pay for the bill would reportedly be directed to deficit reduction.
As diamond-encrusted unicorns fly out of killer Joe's ass.
At least the Trump tax cut fucked the precious rich (SALT deduction),while letting the rest of us keep more of the $$$ we earn.
It's always been the government SPENDING (70% of the budget is entitlement spending) that's been the fucking problem. Only an economic FUCKING MORON* thinks otherwise.
*h/t: Indy Voter.
Plus
If the economy continues to improve and if the infrastructure bill passes, the economy will grow much faster than under Obama.
His recovery plan was too cautious..
It was the longest economic recovery in history, but like you have said that it was too cautious.
I hope they separate them and pass the infrastructure bill today...
What a sissy bitch boi Roger is so gutless and so spineless.
😂Roger AmickOctober 1, 2021 at 10:59 AM
It will probably surprise you that I agree with Manchin😂
Sure you do Roger, now that the breeze
Changed direction .
Manchin offered in July to support a $1.5 trillion reconciliation bill. That plan would reportedly raise corporate income taxes, personal income taxes on high earners, and the capital gains tax. Excess revenue beyond the $1.5 trillion necessary to pay for the bill would reportedly be directed to deficit reduction.
It would Cut the deficit deeply and raise taxes on the rich to pay off some of the costs.
This goes over your head.
People like kputz don't understand how people can change their minds based upon new ideas about things.
Excess revenue tax beyond the $1.5 trillion necessary to pay for the bill would reportedly be directed to deficit reduction.
We have no means or any explanation as to how we are paying for the last 2.6 trillion in Covid stimulus spending. In fact, we also provided 900 billion in tax relief under the Covid relief banner. That means we are already into this Covid relief or stimulus spending at a rate of 3.5 trillion. If the bipartisan infrastructure bill passes, that will put us at 4.7 trillion dollars in "extra" spending and costs... without a penny of that being paid for by anything.
In fact, Revenue was down in 2020 and we can expect it to be down in 2021 as well. The entire concept of "paying" for something is to see an increase in revenue (not a decrease). We would literally need a way to show that we would see "increases" in our revenue to offset the spending. When some of that spending is tax-breaks and tax-cuts.
Manchin said that. Not me.
The difference is between top down economics and bottom up economics..
Bill Clinton raised taxes and the economy created a record 21 million jobs.
Only one Republican president who left office in a century with an improving economy was George HW Bush.
He actually increased taxes.
Remember when he said during the Republican presidential declaration event that he would not raise taxes???
He did..
Jimmy Carter made a mess.
The entire concept of "paying" for something is to see an increase in revenue (not a decrease). We would literally need a way to show that we would see "increases" in our revenue to offset the spending. When some of that spending is tax-breaks and tax-cuts.
Simpson - Bowles offered a very comprehensive path to debt reduction.
0linsky dismissed it out of hand.
When a party like the democrats exists for one reason and one reason only - to spend taxpayer money to buy votes - which is also all they know how to do, then that's what it always boils down to, and what we're left with is just talking past each other.
The New Deal set us on this path to fiscal idiocy, and The Great Society exacerbated the problem exponentially. All in a quest for power by democrats. Period. Full stop.
Until we're willing to confront THAT inconvenient truth, the rest of this is just chattering class bullshit.
HW Bush was a great guy. He managed the collapse of the Soviet Union without warfare in eastern Europe..
What a dumb cunt.
"Roger AmickOctober 1, 2021 at 11:36 AM
"The difference is between top down economics and bottom up economics."
Give us your full explination of the two ?
<<< crickets>
Bill Clinton raised taxes and the economy created a record 21 million jobs.
The massive amount of tax revenue generated by the dot com bubble gave him that luxury. He didn't just raise taxes in a fucking vacuum.
Every time you tell this tale you tell it as a lie of omission.
I know this because I was in the thick of it, and I benefitted greatly from it, including the Y2K spending spree. People were blowing money like it was going out of style based upon business plans that were pure vaporware fueled by the VC's up on Sand Hill Road (look it up).
Then the bubble burst and it was a fucking blood bath.
And Bubba was safely out of office.
Tell the WHOLE fucking story for a change, alky.
Bidenomics crushing the middle income and low income earners.
" disposable income. Aug. -0.3% "
The Dow Jones Industrial Average added 335 points, or about 1%. The S&P 500 rose 0.7%, while the tech-heavy Nasdaq Composite ticked up 0.2% as it tried to snap a five-day losing streak.
Shares of Dow member Merck jumped 9% after the drug maker and Ridgeback Biotherapeutics said their oral antiviral treatment for Covid-19 reduced the risk of hospitalization or death by 50% for patients with mild or moderate cases. The companies plan to seek emergency authorization for the treatment.
The new drug from Merck appeared to boost travel stocks. Shares of Royal Caribbean and Las Vegas Sands added more than 3%. Southwest Airlines led a gain in airline stocks after JPMorgan upgraded the stock and said most of the group was worth buying for a trade. Bank stocks rose as well, helping the Dow outperform.
“We have seen this rotation back to the so-called reopening plays and the more cyclical areas, which I think makes a lot of sense over the next couple of weeks as we think about the Covid trends improving, with the cases falling from last month’s peak, and the news about the Merck pill appears promising,” said Angelo Kourkafas, an investment strategist at Edward Jones.
Vaccine stocks, including Moderna, dipped in following the Merck news.
Dow jumps 1% to begin October, Merck leads the way after news of a promising Covid treatment
https://www.cnbc.com/2021/09/30/stock-market-futures-open-to-close-news.html?__source=androidappshare
The President is going to the Capitol building this afternoon and again some of the liberal Democrats expressed optimism.
If she brings it to the floor it will pass.
We in the Investor class are doing very well.
The President is going to the Capitol building this afternoon and again some of the liberal Democrats expressed optimism.
Well there you go... not like politicians never put any sort of spin on anything. I guess we can count on this thing passing in the next hour or so, huh?
The Latest on the Infrastructure Bill
October 1, 2021 at 2:37 pm EDT By Taegan Goddard 18 Comments
Punchbowl News: “Speaker Nancy Pelosi has typically used presidential visits to the Capitol to help sew up tough votes when the leadership was a few yeses short.
“But this is a bit different of a situation. There is no deal in sight on the infrastructure package or reconciliation. Sen. Kyrsten Sinema (D-AZ) is in Phoenix for a doctor’s appointment, so we are not very bullish about a framework today.
“The leadership is not ruling out a vote at this hour, but based on the body language in the caucus and in the top rung of the party, it seems somewhat unlikely that the House will vote today. Impossible? No. Unlikely? Maybe.”
House Democrat Complains About Leaker
October 1, 2021 at 2:32 pm EDT By Taegan Goddard 16 Comments
Rep. Jared Huffman (D-CA) tweets: “Far more unity than ‘disarray’ among House Democrats right now, though our caucus meeting today was a master class in eloquent ambiguity. That’s necessary in part because one of our members is live-leaking to Jake Sherman because they apparently like the disarray narrative.”
He adds: “Let me be really clear: I love most of my colleagues, but that particular live-leaker is a schmuck. And a coward.”
Extra Bonus Quote of the Day
October 1, 2021 at 2:22 pm EDT By Taegan Goddard 37 Comments
“I’m so old that I remember when $2 to 2.5 trillion would be pretty big and bold.”
— Former Obama adviser David Axelrod, on CNN, referring to the likely final amount of the two Democratic spending bills being considered by Congress.
If she brings it to the floor it will pass.
Of course it will.
How you clowns making out getting it to pass the Senate alky? THERE'S your fucking problem, pal.
LOL.
Killer Joe play Jan. 6 card:
In his private talks with legislators, Biden has suggested a Democratic defeat on the current bills would be a gift to Republicans, empowering a party that he has judged a threat to democracy itself. Defeat, he has warned, would embolden the same forces who tacitly blessed the origins of the Jan. 6th insurrection and are now balking at helping to lift the national debt ceiling to avoid a government default.
https://apnews.com/article/joe-biden-business-election-2020-congress-9f7bc6141c50616302f431e2de415d7c
What an assclown. LOL.
Post a Comment