Opinion:The GOP's favorite spin about Biden's plans just took a big hit

[applegrove]

The Plum Line

Opinion: The GOP’s favorite spin about Biden’s plans just took a big hit

https://www.washingtonpost.com/opinions/2021/07/21/biden-infrastructure-job-plan-inflation-republicans/?utm_source=reddit.com

Why infrastructure still faces an uphill climb in Congress

Opinion by Greg Sargent, Columnist at the Washingon Post

July 21, 2021 at 10:12 a.m. EDT

"SNIP....

With President Biden and Democrats working to pass $4 trillion in new investments in our future, Republicans are making a big bet: All that spending will lead to sustained inflation, which they can use to claim Democrats have lost control of the economy.

But this spin is about to take a big hit. Economist Mark Zandi is set to release a new report arguing that the country needs passage of the full package of Democratic proposals, to ensure that the recovery reaches its full potential.

Importantly, Zandi’s report concludes that concerns about inflation are “likely misplaced” and “overdone.”

In addition to giving the proposals a political lift, this will help us make sense of the deeper ideological argument of the moment — and demonstrate just how much is really at stake in getting this right.

......SNIP"

[msongs]

1. oh its accessible. unusual for a wapo post nt

[Merlot]

2. Doesn't matter if it's true, republicans will run with the "inflation" bogyman.

[Cosmocat]

5. And holding back the economy is part of it

nm

[applegrove]

10. To stop Keynesian spending which works. They did that to Obama.

Slowed the recovery down. Made it into a long recession.

[Elessar Zappa]

16. Unless people are feeling that their wallets are thinner,

GOP propaganda about inflation will fall flat.

[SergeStorms]

3. An infrastructure bill...

was eventually going to be part of Trump's agenda as well, but it was always going to be released "within a few weeks". Like so many other things, Trump and his congressional lapdogs just couldn't find the time (between never ending rallies) to get a bill put together. They did find the time to give the wealthy yet another gigantic tax cut though.

I don't remember hearing a peep about too much spending and inflation them. : shrug:
Screw them. When the GQP controls Washington they spend money like drunken sailors. When Democrats are in charge the country is always on the verge of bankruptcy, and there isn't a penny to spare.
Get the bill passed any way possible and forget the republicans exist.

[love_katz]

6. This! Times a gazillion!

[Nexus2]

4. When has a dire predication being, unlikely even wrong stopped them from using it as a weapon? [nt]

[Nexus2]

8. Stanley Drunkenmiller is Stepheney Ruhul warming about the dangers of further spending...

particularly on Entitlements. He shares the opinion, while meaning, that further spending will create runaway inflation will do more harm than good the portion the population it was intended to help

[Nexus2]

11. Here is a video Drunkenmiller's commentary

[North Shore Chicago]

9. This line is why the pukes won't help.

But this spin is about to take a big hit. Economist Mark Zandi is set to release a new report arguing that the country needs passage of the full package of Democratic proposals, to ensure that the recovery reaches its full potential.


They are scared spineless it will help and by jove, they will not vote for anything that helps the citizens, their country, or President Biden.

[The Mouth]

12. Let Mr. Zandi try to live on a fixed income for the next few years and get back to me

Inflation is as bad as anything if your income doesn't go up to match.

FUCK anyone who thinks more than 2 to 2 percent is ever, under any circumstances acceptable.

Inflation killed people in the 70's, inflation is what defeated Jimmy Carter. Inflation is a tax that hits the poor and the elderly the hardest. Some damned yuppie in their 40's can bloviate that it's not a big thing; my hope is that they live the final third of their life watching what had been a good weekly paycheck be barely enough for a bag of groceries.

Inflation. Is. Bad. for everyone but the stinkin' rich and the young and upwardly mobile.

[Hortensis]

13. :) Chill? After all, this economist is honest and on the side of the good guys.

Surely we should be directing our anger at the corrupt hacks working up dishonest arguments for the Republicans? They were at it in the 1970s and right up to now also. For the very wealthy, and with the help of corrupt influencers and pols, there's big profit to reap from inflation and now even pandemic holocaust. Just gotta keep their servants in power.

[applegrove]

14. All the government has to do is up the interest rates and it stops the

Last edited Sat Jul 24, 2021, 03:23 PM - Edit history (2)

economy and inflation in its tracks. They know how to stop inflation. They did it under Reagan and G. H. W. Bush. A little inflation greased the wheels of an economy too. The Japanese have been begging for a little inflation for 20 years. You are wrong.

[bucolic_frolic]

15. I'd be very skeptical of runaway inflation, 1970s style

It was a different economy. Regulated, supplied domestically, with OPEC fueling energy costs.

We don't have that now. We have borrowed from the future through 1% interest rates for 12 years. We created too many businesses, too many houses, too much entertainment.

We can be criticized for not having enough manufacturing capacity. But we own the patents for the most part, even if they are licensed to Chinese companies. And we import cheap goods.

So find me the inflation in that equation. The Fed is not printing money. They are buying assets and lending money. They will sell the assets when the economy is roaring. That will slow things down.

[oldsoftie]

17. If what we're seeing is really transitional,

it'll be down by the '22 elections. If its not, then the gop WILL have an argument.

[rickyhall]

18. GOP: Who was Prez. the last time inflation got out control?

Was it Republican Richard Nixon? I think so. Now STFU and let the adults handle it. Remember, almost every time there's an economic crash since the Civil War a repug was Pres.

[Dopers_Greed]

19. Most Americans are completely ignorant about finances and economics

The fact that everyone is freaking out about inflation makes me not worried at all about it.

The price of certain things are up due to the pandemic disrupting production and supply chains, not the value of dollar decreasing