Joe Manchin didn’t completely torpedo the $500 billion in Green New Deal climate change spending, but he did stall it for a month saying he would not support the climate change spending until he sees July’s inflation numbers in August, which should be a warning.
If you think carefully about it, it’s a classic Manchin head-fake. The July and August inflation numbers, to be released in August and September respectively, are almost guaranteed to be lower than June.
July/Aug are the two months we are in right now where inflation is hitting a plateau. Gasoline prices are dropping due to a drop in demand. This is the period before prices start rising again in September and October when the energy farming costs start to roll out with the next harvest.
Senator Manchin isn’t stupid; in fact, he is quite Machiavellian, he knows this… thus, his position.
Manchin can give the illusion of prudence, but he knows the July inflation rate will show a decrease for two reasons.
First, in the month-to-month comparison, July will not carry the same scale of gasoline and energy increases as June. Second, in the year-over-year comparison, July ’22 will be comparing to July 2021 when prices already started skyrocketing. Bottom line, July inflation will give the illusion of dropping, which gives Manchin a shield to support the spending…. and he will.
WASHINGTON DC – Joe Manchin is forcing Democrats into a brutal choice: Take a deal now to lower the costs of health care premiums and prescription drugs, or try to negotiate a larger bill in September that includes climate and tax reform with no guarantee it will pass.
The West Virginia Democrat said Friday that he wants to see another month of inflation numbers before considering legislation that might increase taxes on some higher-income Americans and plow hundreds of billions of dollars into the energy sector. On Thursday Manchin “unequivocally” rejected July or August approval of Democrats’ proposed energy investments and tax increases in a meeting with Senate Majority Leader Chuck Schumer, according to a person briefed on the meeting.
[…] Democrats are reeling after Manchin’s communication to Schumer indicated that climate change and tax provisions are unworkable for any party-line bill considered this summer. Fury is building within the party, with Sen. Martin Heinrich (D-N.M.) questioning whether Manchin should continue to chair the Senate’s Energy committee.
[…] Manchin had sought to shave down an energy package originally set at more than $500 billion to $300 billion or less. He balked privately at sending money to the EV industry and the Direct Payment program. (Read More)
While you won’t see a single MSM analyst, financial pundit or mainstream political commentator point out what Manchin is doing, his strategy is cunning.
Right now, conservatives are calling Manchin a hero for blocking the GND spending while progressives attack him. This gives the impression that he is a centrist, above the fray, and wise in his outlooks toward the economy and budgeting. However, it’s a ruse. Joe Manchin knows, just like you do, that the next inflation report will be much lower. He is positioning to support the climate change spending in September.
Watch.
Bookmark this.
The scheming strategery of Joe Manchin is as predictable as the scheming strategery of Mitch McConnell.
The two wings of the UniParty duck seem still on the surface. This type of ploy is exactly how DC is able to operate, paddling forward furiously, just below the surface; and almost no one can see what is happening.
Once you see the strings on the political marionettes, you can never return to that moment in the performance when you did not see them. However, because too few people see them, almost everyone congregates in the lobby during the mid-term intermission asking, “hey, when did Texas become dependent on windmills?”
I just have one question. I raised this question numerous times.
given the spending by capitol hill on green energy “new deals etc” can anyone please share with me the proof that any of this money actually produced a single kilowatt of NEW energy?
I am talking about NEW energy…not “savings” or cost benefits…or “assistance”..or non for profit think tanks.
where’s the beef?
show me the NEW energy that is being produced by these TRILLIONS of dollars spent…
where did it go?
what was produced?
if a oil company spends a billion dollars to scale up production, you can be damned sure there is a THING that is produced and NEW energy is developed.
DC spends money, and no one and I mean NO ONE seems to want to know where the money goes and what it has produced.
why is that?
Most of it is going into someone’s pocket, as does most of our taxpayer money. Money designated for many things is simply diverted and no tax payer ever knows the difference. My guess is that we are cheated out of about half of the money collected from us.
I think you estimate of how much taxpayers are being cheated by the government is too low by about 99%.
My best guess is, it was mostly on regulatory action (litigation) taken against shutting in those dirty “fossil fuels”resulting in leaving the country short on energy supply sources.
The U.S government has blocked every effort to build more oil refineries since 1976, so I know money hasn’t bent spent on that.
Much like Ca voters have approved bonds to build new water storage capacity facilities but it NEVER happens… it all gets siphoned off into committees, grants, studies etc.. and not one new storage facility in decades. Worse yet, they are removing several up river dams that store water plus provide cheap hydroelectric power. Crazy and corrupt; almost all of them.
My father was in the oil transportation business and in the 1970s when we were lining up on odd and even days at the pumps – his company had tankers filled with oil sitting off port in Philadelphia and they were not allowed to dock and unload. It was all manipulated… as all of this is.
We know that Agenda 30 wants us living in urban areas and using public transportation. Only the affluent can afford electric cars and that will become even more true as the cost of EVs and electricity rises. They want $10 per gallon gas to put it out of reach of working Americans and it is all about control. If we can’t afford to move around and travel – we are easier to surveille and control. That’s what smart cities are all about. Total surveillance.
This is the globalist NWO agenda – YOU WILL OWN NOTHING AND YOU WILL BE HAPPY ~ Klaus Schwab
Cars are included in that. So are houses. Investment firms are buying up single family homes and they will only be available for rent. They are paying cash above the asking price and it is pushing the cost of houses out of the reach of working Americans. All intentional.
It’s all about the Great Reset that is great for the globalist elites but not for anybody else. People all over the world are rebelling but our media doesn’t want people to see it.
Excellent question.. I want to see the new bridges, roads and airport spending. And I’m not talking layoffs. Above where the say prices are falling due to lack of demand on fuel. It’s deception. Flights are being canceled, people can only afford fuel to go to work and when home heating this winter starts prices will soar. It’s all a smoke screen
I like Joe, and I’m not a democrat. He has common sense mostly.
SHutting down American oil and gas production causing supply shortages that skyrocket energy prices that flow through to increase the cost of everything …. real common sense there. Same for the open border garbage.
Joe who?
You’re joking right? Please Beth, tell me you are joking and you really don’t think creepy Joe has any common sense at all.
What the hell is it about women? Can any of you make rational, fact-based decisions, or are all of your decisions based on emotion? We’re trying to keep a country afloat, for crissakes.
I’m a woman and I agree completely! We don’t need more voters – we need more informed voters, and it is not just women, though I remember when I was a young girl and my mother’s friends were all going to vote for JFK because he was “so handsome”. People vote for name recognition, single issues, emotional responses … few are really informed.
I really believe we should have to pass an exam and have proof of citizenship to register to vote. Immigrants have to pass a test to become citizens that most Americans probably couldn’t pass today.
If people had to name the VP, Secretary of State and Speaker of the House to vote in this country – how many voters do you think we would have?
Our greatest challenge is ignorance – and that was intentional. History class became social studies in the late 1960s and I never understood why. I do now. They haven’t taught civics or the truth of America’s history in decades!
This is why we are in this position and it never should have been allowed to happen but the silent majority was asleep at the switch believing our Constitution would protect us – never realizing they were gutting our Constitution!
Joe is “likeable” , why, because he has a big smile?
He lies and is one of the most corrupt politicians in DC and has been for decades. His entire family (The Biden Five) has made millions if not billions through influence peddling while he has been in office for 50 years.
Biden is a globalist puppet who suffers from dementia and he is NOT governing this nation, so you might want to ask who is since we didn’t vote for them – whoever they are.
“why is that?”
Do not ask questions like that comrade.
Just be comforted to know that everything is “shovel ready”.
😂🤣😂🤣😂🤣
You know where the money went.
They’re called consultants, who launder the money and send it back to the politicians, who then leave office and become consultants, and then maybe run for office again for another dip at the trough, or become lobbyists, or get speaking engagements, or university professorships. It’s a ll a big corrupt happy family
Much of the money has gone to fund the never-ending arrays of wind turbines, solar parks and home roof solar panels. But this does not offset the retirement of fossil and nuclear plants. The result is areas go with brown outs and black outs if the wind doesn’t blow or the sun doesn’t shine.
Electric utilities used to have strict criteria for their power generation/transmission and distribution. Power outages were few, and short in duration except for severe acts of nature. Now power is controlled by politicians and not free markets. Therefore, it will be far more costly, inefficient and less reliable.
If there were NEW energy, you would see a reduction in cost to you.
They never mention the fact that wind turbines and EV chargers rely on petroleum products – or that it costs $500,000 to decommission a SINGLE wind turbine.
Wind and solar are not cost effective, efficient or reliable – it is all a ruse. They can’t even compete in the marketplace without government subsidies. Spain tried going green and ending the subsidies and ended up with 25% unemployment. Germany tried going green and ended up importing wood and coal years ago. You cannot power an industrialized nation with wind and solar power.
What they don’t know, i.e. the politicians, is that they will someday give an account to a holy God. “And as it is appointed for men to die once, but after this the judgment,” Hebrews 9:27. They do not fool God. “Therefore there is now no condemnation for those who are in Christ Jesus.” Romans 8:1. The One who alone can rescue fallen man.
That would only bother a person who wants to spend eternity in God’s presence, however these people look forward to being managers in satan’s.
What about all the people in the US that are in a world of hurt right now, due to no fault of their own? Someday isn’t helping them.
No one really ever gets away with sin… God knows all. We all will account.
“Honest Democrat” is an oxymoron.
Some of you might want to reconsider Elon Musk. Analogous here.
While I felt PDJT did himself no favor by attacking Musk recently, I expect he’s incensed by Musk being such a highly successful grifter. Ultimately, if we follow politicians finances closely we are likely to find they are just grifters as well. Some are more discrete than others- creating subsidized “jobs” that then hire them later or hire their relatives, donors, and friends- all at exorbitant pay for little or no work.
Correct. Elon Musk is America’s biggest welfare case.
There is no such thing as a good democrat, they’re all evil
So inflation numbers drop from 9.1% to 8.1% that makes Manchin feel it’s safe to vote for a massive new spending bill? What a bunch of BS. These politicians suck.
these pirates KNOW that YOU are not going to do anything. THEY stole the 2020 election and what did YOU do about it? Invasion of America-what are YOU doing? Labor participation rate of 62% meaning 38% unemployment-what are YOU doing? 30 trillion of national debt-what are You doing? What will the price of gas have to be to get you off the sofa?
“Whenever we discuss inflation, it is absolutely critical for people to understand that inflation itself is the measure of the percentage increase in a price over a period of time.
It is entirely possible, I would say absolutely guaranteed, that prices will increase even more this year as inflation begins to drop.
This will be the economic story on the backside of the inflation hurricane as the Fed starts to increase interest rates. Example: …”
https://theconservativetreehouse.com/blog/2022/02/09/fed-hopes-inflation-moderates-as-interest-rate-hikes-are-triggered/#more-227232
…
Inflation may drop, but the prices will remain at the elevated levels and continue to rise (even as inflation falls) as time passes. (See above link)
Purposeful inflation is meant to get us to a point where decisions will be made. As an example, high fuel prices are meant to reach the point where electric vehicles seem necessary. But it’s only another “Grift”.
The “Implementation” of purposeful inflation and rising fuel price policies are where the GRIFT IS.
The “Grift” is what matters.
Not the stated goal.
There will be other “Grifts” after these.
The “Implementation” of these endless “Grifts” is where the payoff is.
The outcome is only relevant in that the next “Grift” is based on the calamity caused by the previous “Grift”.
Build Back Better..
Imho
West Virginia deserves more than a wind vane in the senate.
Thank you Sundance for all you do! Joe Manchin is NOT tricking THIS WV voter! Neither is Rhino Shelly (Arch Moore) Capito!
Hear! Hear!
If he was going to fold, he would have already done so…
I don’t think he will fold.
2Q GDP numbers will show we are in a recession.
He will use that as the excuse in August/September.
Don’t count on that. Manchin is a self serving fraud. Always has been.
Produce Price Increase printed over a 1 % increase last month. Inflation is nowhere near over with, as much of the PPI has not been priced into consumer prices yet.
$6 a gallon diesel prices are not fully priced into shipping costs either.
They will be.
We are in for a lot more pain over the next few months.
Is anyone else as sick of being force fed the type of vehicle I buy, lighting, heating and cooling sources I use, what food I can buy, vaxes I take, etc. ?
And the kicker, the $$ brokers in DC are good with buying our energy materials from foreign countries – as if pollution didn’t circle the globe, especially from countries with no pollution control.
At $4-$5 per gallon, voters don’t need to quibble over 1-2% difference in inflation this month.
Joe and anybody else for the green raw deal might ought to beware of (ex) coal miners bearing picks…
At least a new senate pick.
Great article, Sundance.
“Once you see the strings on the political marionettes, you can never return to that moment in the performance when you did not see them.”
Sorry, but there comes a point where the fault lies squarely with the People for continuing to warm their theater seats even after the performance’s ‘illusion of prudence’ has been completely shattered.
The elite are going to do exactly what they can get away with in this era of derelicted self-governance.
The perpetual pointing out the mounting sins of the elite IS THE PROBLEM, really little more than a shrill version of determined passivity laced with tantalizing hints that looming action will surely be undertaken… tamarrah.
The dogs bark as the caravan passes through
A different perhaps more hopeful point of view.
https://meaninginhistory.substack.com/p/tom-luongo-independence-day?utm_source=email
Sorry to respectfully disagree about the statement that inflation is going to be “lower in July and August”…. we will not have any more energy than we have now. The government is also lying about the inflation numbers something they will no long be able to do as winter approaches.
Biden is choking off the energy sector and unlike past administrations is doing NOTHING to try and improve the situation. The foundation for a country’s economic health is energy. There is also the aspect that the increase price in products has been buffered by companies trying their best to slide into the new pricing increases that we are just beginning to see. During the Carter years it cost people that bought homes 18% to borrow money and I see no reason not to expect that once again.
I am going to have to agree with you in principal because Manchin has been as these discussions for quite some time. he is an old coon and knows his way around. I think another aspect of his hesitation could be to see what goes on in the midterms. Many people think there’s going to be a free and fair election, I however, don’t. The Democrats are not going to allow themselves to lose this much power.
No, I don’t trust Manchin but, I’m impressed at how he plays the game with democrats that are corrupt. Not meaning he’s one of the honest one’s, just the way he puts his way of debating.
What I want to know is, why isn’t there some accountability mechanism REQUIRED WITHOUT EXCEPTION for every dollar of our taxpayer money spent? In the real world the people responsible for allocating the money would have been fired and/or jailed long ago for misappropriation and waste.
Sorry for the obscenities but it’s appropriate in this case.
Manchin’s balls are flopping up against Biden’s man chin. Manchin basically told Biden, “On this climate change legislation you can suck my dick.” And now Mr. Demento is on his knees.
Manchin will regret not switching parties when the Rebubs take over both houses
Joe Manchin is a fraud. He’s only playing the centrist because he’s up for re-election this year. If he wins and Dems keep control of the Senate you will see him vote with the far left and possibly even support eliminating the filibuster.
This is just like almost all the Republicans who supported the recent gun control package are either retiring or not up for re-election until 2024 or 2026.
Ohio U.S. Senate Rep. Tim Ryan (D) claimed that proxy voting (no show) in Congress should be permanent — ultimately allowing lawmakers to not show up for in-person work — after he abused the rule in order to hit the campaign trail all week. At a $175,000+ per year as a “No Show” (what he is doing now as we speak) is not a bad gig……….even at taxpayers expense. This guy is a pure “loser”!
https://www.breitbart.com/politics/2022/07/16/democrat-rep-tim-ryan-says-members-congress-should-not-have-show-up-work/ /