Monday, August 08, 2022

Some American political tweets


Stuff like this makes me grind my teeth when people go on about Lefty identity politics and "cancel culture" being the real seriously dangerous ideology around at the moment.


Yep.  

I do think the way Democrats have turned the "Dark Biden" idea on its head is pretty amusing:

Slate explains it here.

For a President who millions of dimwitted Rightwingers have convinced themselves is so mentally feeble he doesn't know what's going around him, he's suddenly making serious inroads into the Jimmy Carter style impression of paralysis.    

Axios explains what the legislation achieves:

The bill includes:

  • $370 billion for climate change.
  • Allows the federal health secretary to negotiate the prices of certain expensive drugs for Medicare.
  • Three-year extension on health care subsidies in the Affordable Care Act.
  • 15% minimum tax on corporations making $1 billion or more in income. The provision offers more than $300 billion in revenue.
  • IRS tax enforcement.
  • 1% excise tax on stock buybacks.

The significance of the climate portion: The bill is the largest investment in clean energy and emissions cuts the Senate has ever passed, with the climate portion totaling about $370 billion, Axios' Andrew Freedman writes.

  • This includes tax incentives to manufacture and purchase electric vehicles, generate more wind and solar electricity and support fledgling technology such as direct air capture and hydrogen production. 
  • Independent analyses show the bill, combined with other ongoing emissions reductions, would cut as much as 40% of U.S. greenhouse gas emissions by 2030, short of the White House's 50% reduction target. However, if enacted into law, it would reestablish U.S. credibility in international climate talks, which had been flagging due in part to congressional gridlock. 
  • As part of Democrats' concessions to Manchin, the bill also contains provisions calling for offshore oil lease sales in the Gulf of Mexico and off the coast of Alaska, and a commitment to take up a separate measure to ease the permitting of new energy projects.

 And why would the Republicans think it's a good idea to keep insulin ridiculously expensive?   How are they going to sell that to the voting public?   Can't say I have even seen any attempts to justify it.

3 comments:

GMB said...

Deficit spending doesn't work Steve. Sorry you had to hear it from me. This is a kleptocracy. Its just a way for the rich ethno-narcissists to steal all the money.

All that spending is just a way to rip the country apart. Believing in deficit spending is less rational than believing in the tooth fairy.

Not Trampis said...

The CBO says this bill will REDUCE the deficit!

GMB said...

They lie. I am given to believe they have Keynesians working there.