FOX Business host Larry Kudlow reacts to Democratic Sen. Joe Manchin insisting on pausing Build Back Better until August on 'Kudlow.'
In other words, Manchin's offer is this: nothing. You could look at the calendar, because Chuck Schumer wants the Senate’s August recess to begin Friday, August 5th. You will get the July jobs number that day, but you're not going to get any of the Julythat Manchin is focused on until a week later, when the July CPI comes out on Friday, August 12th and really you won't know the whole July inflation story until the middle of August.
Of course, even without tax hikes the GDP tracker from the Atlanta Fed today moved to -1.5% for the second quarter, following the official -1.6% in Q1. So, at a minimum we're on the. Meanwhile manufacturing output fell for the second straight month in June.
Just remember Manchin was the key 50th senate vote that passed the original $1.9 Trillion “Rescue Plan” that started this inflation spiral. His conversion to frugality is only recent. He is still a damn democrat!