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What's REALLY Going On With The Inflation Reduction Act (w/ Matt Bruenig)

The "inflation reduction" reconciliation bill has now passed. How should the left feel? I spoke to Matt Bruenig of the People's Policy Project about what the climate provisions really mean in the broader context of the fight against climate change, whether or not it actually addresses inflation, & why Joe Manchin finally got on board with a reconciliation bill after over a year of being pressured. Also, are they going to really end the student loan moratorium at the end of the month? And why are we experiencing historically low unemployment if high interest rates were supposed to depress business growth?

Comments

Anonymous

In the greyness and drizzle of one despondent dawn unstirred by harbingers of sunbreak a vulture perching high on broken bones of a dead tree nestled close to his mate his smooth bashed-in head, a pebble on a stem rooted in a dump of gross feathers, inclined affectionately to hers. Yesterday they picked the eyes of a swollen corpse in a water-logged trench and ate the things in its bowel. Full gorged they chose their roost keeping the hollowed remnant in easy range of cold telescopic eyes... Strange indeed how love in other ways so particular will pick a corner in that charnel-house tidy it and coil up there, perhaps even fall asleep - her face turned to the wall! ...Thus the Commandant at Belsen Camp going home for the day with fumes of human roast clinging rebelliously to his hairy nostrils will stop at the wayside sweet-shop and pick up a chocolate for his tender offspring waiting at home for Daddy's return... Praise bounteous providence if you will that grants even an ogre a tiny glow-worm tenderness encapsulated in icy caverns of a cruel heart or else despair for in the very germ of that kindred love is lodged the perpetuity of evil.

Yup

first person not to write a poem

Anonymous

Ungrateful Left NO. The Left behind Left who don’t comprehend politics enough to fight for what they believe in but complain in their one apartment studios all over NY and other big cities because they drunk the Liberal cool-Aid as young impressionable do-gooders.

Anonymous

We are all spellbound to a certain degree. That's why it is fun to accompany Brie on the drill downs. We can enjoy our life, but also be preparing for the changes coming. Part of the success of the empire is that it provides our intellectual class with their education and their livelihood. There's kind of a perverse beauty in the different ways the system applies pressure or provides incentive to subtly strengthen itself. It's almost as if it has been refined for over 200 years. https://soundcloud.com/multipolarista/origins-us-empire-deep-state

Anonymous

I'm surprised that you'd be discussing the possibility that a (temporary or permanent) moratorium on transit fares will encourage folks to take public transportation. What it seems to encourage is homeless folks camping on the trains/buses, which actually discourages the nominally paying customers. It's been a thing since 2016-ish in LA with the subway, and was even more pronounced during the pandemic years. In short, it's an idea that sounds great till you try it out.

Louis Waweru

The CHIPS act is not about solving supply-chain vulnerabilities, it’s about isolating China. These companies will not be eligible for the grants unless they do not expand their business or make improvements in their China operations. I would be surprised if Asian companies will be bought off this cheaply, when the largest economy in the world is politely asking to have this racist embargo ended. But this may be the return of honorary whites. It’s hard to see how this is good for American companies either when last year Intel wound up selling off its Dailan plant rather than hope US policy would change.