Kudlow: Biden’s grand government socialist bill would create more inflation
Happy monday. Save America. Kill Bill. I think Joe Manchin killed Bill yesterday on Fox News Sunday.
MANCHIN: I tried everything humanly possible. I can’t do it.
BRET BAIER: You’re done. It’s a no.
MANCHIN: That’s a no.
Joe Manchin’s official statement released by his office was as clear as it gets, and he repeated themes he has consistently voiced over the past six months.
The government’s big socialist bill would create more inflation. The real cost is $ 5,000 billion. Not $ 1.75 trillion. It is not paid. Spending will encourage more inflation. The electricity grid and all of our energy infrastructure will be severely damaged, sinking the economy and increasing costs. In his statement, he added concerns about national security. If the United States would have enough resources to deal with Russia and China if needed. He always insists on work requirements for social spending. He has always opposed a middle class rule of law.
And more generally, Senator Manchin has always rejected Biden’s transformational policy of overturning traditional cultural values, the end of traditional American history, the use of excessive regulation to control the economy, the rejection of traditional American history. free enterprise capitalism or the taxation of our businesses and middle-income blue-collar families. .
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I still believe Biden’s political agenda is dead. It all ended up in this monstrous bill, and it’s over. There might be a new bill next year, but it will have to be a lot different to get traction. This bill is killed.
Now the question is: Can Biden keep his presidency? Which seems to be faulty. On inflation, on Afghanistan, on illegal immigration, on COVID and on public support where its polls are continuing a record fall.
Joe Manchin tries to help the Democratic Party, but Joe Biden and his radical left-wing progressives are killing the Democratic Party.
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A new “BBB” bill won’t help. A White House in denial of their failures will not help. I can only think back 25 years ago to the Bill Clinton years.
Clinton was booed in ’94, which led to a Republican takeover of the Senate and House following the defeat of “Hillary Care” to nationalize the healthcare industry and a sharp increase in taxes on small businesses. . What did Clinton do? He gave a State of the Union address in January 1995, in which he brought the Tories back to center and said the era of great governments was over. And he began to work with Republicans like Newt Gingrich for dramatic welfare reform with workfare, spending restraint, a reduction in the capital gains tax.
The economy rebounded and Clinton won in 1996. Clinton was a smart politician.
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Joe Biden will he follow the Clinton way? I do not think so.
He’s too far to the left. Its vice-president too. Its senior executives too. And the same goes for Democratic leaders in Congress. Bill Clinton and Al Gore were truly moderately conservative Southern Democrats. Biden and Kamala are progressive far-left coastal elites. They have tin political ears and bad political agendas.
Here’s a crazy idea: Manchin is running for president in 2024 as a Democrat. Save America. Kill the Bill.
This article is adapted from Larry Kudlow’s opening commentary on December 20, 2021