Biden - greatest 'economic recovery America has ever experienced'

[Mountain Man]

It would be nice if Biden ever got some socialist policies.

What do you think the "Green New Bad Deal" and "Build Back Better Worse" is all about? It's just socialism by a different name.

[Starlight]

What do you think the "Green New Bad Deal" and "Build Back Better Worse" is all about? It's just socialism by a different name.

Biden's never supported the Green New Deal. His Build Back Better thing went down in flames a year or so again because it didn't have enough votes.

[Cow Poke]

Biden's never supported the Green New Deal. His Build Back Better thing went down in flames a year or so again because it didn't have enough votes.

Biden doesn't know what he supports. He says whatever "they" tell him.

[Gondwanaland]

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[Mountain Man]

Biden's never supported the Green New Deal. His Build Back Better thing went down in flames a year or so again because it didn't have enough votes.

And yet Congress is on the verge of passing a massive Green Bad Deal/Build Back Worse spending bill. Do you think Joe is going to veto it? Of course he's not.

[Starlight]

And yet Congress is on the verge of passing a massive Green Bad Deal/Build Back Worse spending bill. Do you think Joe is going to veto it? Of course he's not.

Maybe you're confused? The new Make Oil Great Again bill that Manchin has proposed to line his own pockets more looks nothing like the old Build Back Better proposal which looked nothing like the Green New Deal proposal.

[Mountain Man]

Maybe you're confused? The new Make Oil Great Again bill that Manchin has proposed to line his own pockets more looks nothing like the old Build Back Better proposal which looked nothing like the Green New Deal proposal.

I'm not confused at all. You're just ignorant.

The Manchin-Schumer deal includes roughly $370 billion in energy and climate spending, $300 billion in deficit reduction, three years of subsidies for Affordable Care Act premiums, prescription drug reform and significant tax changes.

https://www.politico.com/news/2022/0...taxes-00048325

The bill also includes "incentives" related to electric vehicles.

So, do you think Joe is going to veto this bill, since according to you, he's opposed to the Green Bad Deal? No, he's not.

Screenshot_20220730-232801.png
https://mobile.twitter.com/POTUS/sta...74415629467650

[rogue06]

Biden's never supported the Green New Deal. His Build Back Better thing went down in flames a year or so again because it didn't have enough votes.

IIRC, it got all of the squad's support after first grumbling it didn't go far enough. It failed because it couldn't attract the two moderates left in the party.

[seanD]

It's getting downright eerie...

Ministry of Truth in full force...

President Joe Biden's recession denial — along with the changing of the longstanding definition being two consecutive quarters of negative U.S. gross domestic product — is getting backed up by the mainstream media — but not without blowback from conservatives.

Conservative journalist Mollie Hemingway described the latest media spin in a tweet as "soviet-style journalism."

Biden administration officials, including the president himself and Treasury Secretary Janet Yellen, have denied for months the U.S. would be headed into an economic recession under their direction. Then, The Associated Press wrote an "explainer" Wednesday, attempting to say the "long-held" definition of a recession does not "count."

Enter Facebook fact-checkers, who have reportedly started to attack posts announcing Thursday's data that has long-defined a recession.

"We live in an Orwellian hell-scape," economic historian Phil Magness tweeted Thursday. "Facebook is now 'fact checking' anyone who questions the White House's word-games about the definition of a recession."

Even Wikipedia, the modern-day online encyclopedia, was forced to pause edits on its "recession" page until early August because the page was edited 41 times to revise the definition amid the Biden administration denials in recent weeks that back-to-back quarters of negative growth would define a recession, the Daily Wire reported.

Biden's latest move, in the wake of Thursday's report of negative-0.9% growth in the second quarter, is to say unemployment is too low to call his back-to-back negative growth quarters a recession.

"That doesn't sound like a recession to me," Biden told reporters at the White House.

Wikipedia and the AP agree.

"By one common definition — the economy shrinking for consecutive quarters — the U.S. economy is on the cusp of a recession. Yet that definition isn't the one that counts," AP tweeted Wednesday.

Former Trump administration FCC Chair Ajit Pai tweeted his rebuke, mocking the changing of the way a football game's winner is determined.

"By one common definition — the team scoring more points than its opponent wins the game — Super Bowl LVI resulted in the Los Angeles Rams beating the Cincinnati Bengals; yet that definition isn't the one that counts," Pai wrote, excoriating the AP.

Newsmax's "Spicer & Co." host Sean Spicer called out the revisionism coming from Biden's economic advisers denying a recession.

"Throwback quote of the day: Brian Deese, Director of the White House National Economic Council 2008 'of course economists have a technical definition of recession, which is two consecutive quarters of negative growth' #itsarecession #recession #recession2022," Spicer tweeted.

It's not the first time the mainstream media has sided with Biden spin.

"The press is too busy carrying Joe Biden's water to recognize the harm his policies have had on our economy," Texas Attorney General Ken Paxton tweeted. "Texans see right through this spin when they pay dearly at the pump & grocery store."

Rep. Warren Davidson, R-Ohio, suggested the AP recession denial was bad math after the data showed the back-to-back declining quarters.

"Just say 2+2=5," he tweeted.

Rep. Darrell Issa, R-Calif., claimed the AP is privy to White House talking points memos.

"The White House released their talking points and the media dutifully reprinted," he tweeted.

I suppose the good news to Biden sycophants is that this sort of counters my theory that they're looking for excuses to give Biden the boot if they're resorting to desperate measures to cover all this up for his sake.

[Gondwanaland]

I'm not confused at all. You're just ignorant.

The Manchin-Schumer deal includes roughly $370 billion in energy and climate spending, $300 billion in deficit reduction, three years of subsidies for Affordable Care Act premiums, prescription drug reform and significant tax changes.

https://www.politico.com/news/2022/0...taxes-00048325

The bill also includes "incentives" related to electric vehicles.

So, do you think Joe is going to veto this bill, since according to you, he's opposed to the Green Bad Deal? No, he's not.

Screenshot_20220730-232801.png
https://mobile.twitter.com/POTUS/sta...74415629467650

Yep, one of the Democrat senators here in Colorado was gushing over the energy/climate inclusions in the bill.

[Gondwanaland]

It's getting downright eerie...

Ministry of Truth in full force...



I suppose the good news to Biden sycophants is that this sort of counters my theory that they're looking for excuses to give Biden the boot if they're resorting to desperate measures to cover all this up for his sake.

My favorite part of that article:
"Rep. Warren Davidson, R-Ohio, suggested the AP recession denial was bad math after the data showed the back-to-back declining quarters.

"Just say 2+2=5," he tweeted."

I'm torn between suggesting the writers of the article are so damn clueless that they don't understand that is a 1984 reference to the redefinition being performed here by Dems, and actually think he's talking about bad math........ or if they do know it's a 1984 reference, and don't want to mention that and instead want to claim he was talking about 'bad math'.

[Mountain Man]

Yep, one of the Democrat senators here in Colorado was gushing over the energy/climate inclusions in the bill.

Inclusions? That's the whole point of the bill. They just called it the "Inflation Reduction Act" to appease Manchin even though it will do absolutely nothing reduce inflation.

[rogue06]

It's getting downright eerie...

Ministry of Truth in full force...



I suppose the good news to Biden sycophants is that this sort of counters my theory that they're looking for excuses to give Biden the boot if they're resorting to desperate measures to cover all this up for his sake.

This isn't about trying to save Biden, but rather trying to minimize the losses in the up-coming mid-terms.

Biden is toast. Other Democrats including his grossly inept VP are already measuring the curtains in the White House (she is openly courting donors for her campaign). The only question is who breaks it to the duffer that he won't be running in 2024.

[seanD]

This isn't about trying to save Biden, but rather trying to minimize the losses in the up-coming mid-terms.

Biden is toast. Other Democrats including his grossly inept VP are already measuring the curtains in the White House (she is openly courting donors for her campaign). The only question is who breaks it to the duffer that he won't be running in 2024.

I still don't believe he'll finish his first term. I just haven't figured out how they're going to do it. That he's not running in 2024 is pretty obvious to everyone by now, including the Dems.

[Gondwanaland]

So it turns out this Inflation Resuctiom Act bill will raise taxes on those making under 400k a year (Breaking a Biden promise). Indeed according to the Joint Committee on Taxation (bipartisan and majority Democrat), those in the under 10k bracket will be hit the hardest, with a 3.1% increase. The next highest bracket will experience a 1.1% increase in tax.
https://www.foxbusiness.com/politics...-past-promises

The vast majority of Americans will pay more in taxes as a result of Democrats' inflation bill despite President Biden's pledge not to raise taxes on those making under $400,000 per year.
The Inflation Reduction Act — unveiled Wednesday by Sen. Joe Manchin, D-W.Va., and endorsed by Biden — would increase tax revenue by $16.7 billion from Americans earning less than $200,000 a year, according to a nonpartisan analysis from the Joint Committee on Taxation (JCT) published Friday. Nearly every tax bracket would pay more in taxes with those making below $10,000 per year seeing the largest uptick, the analysis showed.

"The more this bill is analyzed by impartial experts, the more we can see Democrats are trying to sell the American people a bill of goods," Senate Finance Committee ranking member Mike Crapo, R-Idaho, said in a statement Saturday. "Nonpartisan analysts are confirming this bill raises taxes on the middle class and produces no meaningful deficit reduction when gimmicks are removed and the full cost is accounted for."

However, Biden has repeatedly pledged that Americans earning less than $400,000 per year would not experience any tax increase during his presidency. The president originally made the pledge during his 2020 campaign.

"This bill will not raise taxes on anyone making less than $400,000 a year," Biden remarked Thursday during a speech about the legislation. "And I promise — a promise I made during the campaign and one which that I ha- — that I’ve have kept."

In 2023, the year in which the legislation would increase tax revenue most, individuals making less than $10,000 per year would pay 3.1% more in taxes and those making between $20,000-30,000 per year would see a 1.1% tax increase, the JCT analysis showed. Tax revenue collected from those making $100,000 per year or less would increase by $5.8 billion in 2023 under the Inflation Reduction Act.

In addition, the share of tax revenue collected from all Americans making more than $200,000 per year would remain at the current percentage, according to the JCT. Taxpayers with an annual income of $200,000 or greater pay more than 57% of all federal income taxes.
The Inflation Reduction Act, though, boosts Internal Revenue Service enforcement, a provision that is expected to increase federal tax revenue by $124 billion. The bill also creates a minimum corporate tax rate of 15% which is expected to boost federal tax revenue by $313 billion.

"The proposed corporate alternative minimum tax is the largest revenue raising provision in the analysis," Thomas Barthold, the JCT's chief of staff, told FOX Business in an email.

It was not immediately clear how much each provision of the bill would lead to higher taxes. The JCT listed more than 20 of the legislation's provisions that it factored into its analysis

"Democrats are clearly trying to pivot this as only a tax like on the wealthy," Mike Palicz, the federal affairs manager at Americans for Tax Reform, told FOX Business in an interview. "But you look at any of these taxes — take something like the [corporate minimum tax]. That's going to lower workers' wages, it's going to cost jobs."

"There's a $25 billion crude oil tax in this bill," he added. "That's something that's going to hit everyone. That's a regressive tax increase on poor people that raises their energy costs, raises the price of gasoline."

Transportation Secretary Pete Buttigieg previously said that a gasoline tax increase would violate Biden's pledge not to raise taxes on middle class Americans.

"This is Biden breaking his promise to the American people," Palicz said.

The White House didn't immediately respond to a request for comment.