Without your vote, it will be impossible to approve the economic package that included funds to meet climate change goals
Once again, Democratic West Virginia Senator Joe Manchin is torpedoing his party’s efforts to approve a key economic package for Joe Biden’s presidency. The split of the Solomonic 50-50 Senate that came out of the polls in 2020 has turned the president into a crippled duck, always tripping over two stones: Manchin and Arizona Senator Kyrsten Sinema, so conservative they more agree with the opposition of the Republican Party.
Her presence in the Democratic ranks gives the false impression that the formation has control over the cameras, and if she doesn’t pass more laws, it’s because she doesn’t want to. That has sparked widespread resentment among the Democratic base towards President Biden, who has his hands tied as he sees his approval ratings drop to 36% in the latest NBC poll, even under Donald Trump.
Between Manchin and the Supreme Court, the president does not raise his head. The West Virginia senator killed his ambitious Build Back Better plan last December, which would have invested $3.5 million in restarting the economy, modernizing the country, expanding the social network and strengthening the fight against climate change. The president admitted defeat and struggled to negotiate a smaller $1.75 billion package, leaving congressional leaders very busy.
Until Thursday it looked like it would come to that. Manchin told a group of executives behind closed doors the day before that an agreement had been reached thanks to the many energy concessions his leaders had made to protect the coal industry on which his state and his portfolio live. That’s why it surprised everyone that she bluntly said in a radio interview on Thursday evening that the law could not support her. What had changed?
Inflation data for June were released that day, well above expectations. 9.1% has slowed down investors and consumers. In addition, it guarantees that the Federal Reserve will raise interest rates again significantly at its next meeting on 26-27 this month. Many analysts believe that with the economic contraction all this entails, a recession is inevitable. Manchin is confident that a new economic package will push inflation even further, even if his party needs to provide voters with concrete relief ahead of November’s parliamentary election, which will see a renewal of the entire upper house and a third of the Senate.
“Political headlines are not worth what millions of Americans would suffer to pay for the shopping cart and put gas in the car with an inflation rate of 9.1%,” spokesman San Runyon said in a statement. “Senator Manchin believes it is time for leaders to put aside their political agendas and adjust and re-evaluate it in line with the economic realities facing the country, so as not to put more gasoline on the flames of the to throw inflation.”
The package included economic incentives to halve carbon emissions by the end of this decade and return to 2005 levels. Without it, it will be impossible for the US to deliver on Biden’s promise to the international community. done to stabilize the warming. planet at 1.5 degrees Celsius above pre-industrial levels. “This is our last chance to avert the most catastrophic impacts of climate change,” Senator Ron Wyden said. In addition, without this package, 13 million Americans will see their health insurance premiums skyrocket next year, so a social and political debacle is imminent.
Source: La Verdad
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