President Joe Biden has threatened to take unilateral action to enact his radical climate change agenda in the wake of Sen. Joe Manchin signaling he will not support the party’s efforts in Congress to pass a sweeping climate change bill.
“So let me be clear: if the Senate will not move to tackle the climate crisis and strengthen our domestic clean energy industry, I will take strong executive action to meet this moment,” he said in a statement Friday.
“My actions will create jobs, improve our energy security, bolster domestic manufacturing and supply chains, protect us from oil and gas price hikes in the future, and address climate change. I will not back down: the opportunity to create jobs and build a clean energy future is too important to relent,” the president said.
Full statement below – seems a clear sign that Biden does not believe that dragging out negotiations with Manchin will yield results on addressing climate.
Dems are now poised to drop all their climate pledges in the face of extraordinary resistance from Manchin pic.twitter.com/rCey3pIwtJ
— Joseph Zeballos-Roig (@josephzeballos) July 15, 2022
The statement came hours after Manchin told Senate Majority Leader Chuck Schumer that he won’t support climate change legislation being tagged onto a reconciliation bill that congressional Democrats are currently looking to pass.
“I said, ‘Chuck, until we see the July inflation figures, until we see the July Federal Reserve interest rates, let’s wait till that comes out so we know that we’re going down a path that won’t be inflammatory, to add more to inflation,'” Manchin later recalled to West Virginia radio show host Hoppy Kercheval.
Listen:
The senator’s concern is that additional spending and regulations will only engender more inflation and thus, more economic harm. But to hear Democrats and their media allies tell it, this concern is destroying the world.
“It seems odd that Manchin would choose as his legacy to be the one man who single-handedly doomed humanity,” former Obama-era official John Podesta said on Friday to The New York Times.
Podesta’s remarks have since gone uber-viral in the media:
“It seems odd that Sen. Manchin would choose as his legacy to be the one man who single-handedly doomed humanity,” former Obama administration official John Podesta said. https://t.co/MnMlrxnfqx
— Rolling Stone (@RollingStone) July 15, 2022
Nice Knowing You! Clinton/Obama Honcho John Podesta Declares Joe Manchin Has ‘Single-Handedly Doomed Humanity’ https://t.co/AMijhiqbBJ
— Mediaite (@Mediaite) July 15, 2022
John Podesta: Manchin ‘single handedly doomed humanity’ with climate veto. https://t.co/4Z4PTmShoI
— All In with Chris Hayes (@allinwithchris) July 16, 2022
But in a statement issued Friday, Manchin’s spokesperson pushed back on this media narrative.
“Political headlines are of no value to the millions of Americans struggling to afford groceries and gas as inflation soars to 9.1%. Senator Manchin believes it’s time for leaders to put political agendas aside, reevaluate and adjust to the economic realities the country faces to avoid taking steps that add fuel to the inflation fire,” spokesperson Sam Runyon said.
The truth is that Manchin isn’t wrong to be concerned. In an analysis published in May, Morgan Stanley blamed current inflation primarily on the “excessive” spending of 2021.
“In summary, the slack created by the covid recession is being absorbed much faster than usual. While some of this absorption is due to the supply disruptions created by the lockdowns, we think it was more so due to excessive fiscal stimulus provided during the pandemic, particularly the last $1.9T package at the end of March 2021 just as the economy was already emerging from the lockdowns. In our view, this was what turbocharged consumption and drove inflation to 40-year highs,” the analysis read.
Morgan Stanley blames 40-year high inflation on the “excessive” American Rescue Plan. [Wilson] pic.twitter.com/z2LBsACbPX
— Carl Quintanilla (@carlquintanilla) May 16, 2022
The results of this unnecessary spending have been disastrous. But again, to hear Democrats and their media allies tell it, this isn’t true.
“[W]e are stronger economically than we have been in history,” White House press secretary Karine Jean-Pierre claimed earlier this month.
Fact-check: FALSE.
In a Twitter thread posted Friday morning, Jim Geraghty demonstrated otherwise.
Look:
As I note at the tail end of today’s Morning Jolt, there are some really useful economic bits of news that seem more important to me than yet another round of “what mood is Joe Manchin in today, and will he change his mind on BBB?”https://t.co/ZK2VVdF5po
— Jim Geraghty (@jimgeraghty) July 15, 2022
Item one: “Worker shortages are creating problems for construction and infrastructure projects, tampon production (!), pools and summer attractions, and even Independence Day fireworks displays.”https://t.co/ZK2VVdF5po pic.twitter.com/ThSrmAnH8l
— Jim Geraghty (@jimgeraghty) July 15, 2022
“Small business owners expecting better business conditions over the next six months decreased seven points to a net negative 61 percent, the lowest level recorded in the 48-year survey.”https://t.co/ZK2VVdF5po pic.twitter.com/nmsB6zEYdD
— Jim Geraghty (@jimgeraghty) July 15, 2022
“The Atlanta Fed’s projection for GDP in the most recently-completed quarter is negative 1.2 percent – which would make two consecutive quarters of negative GDP growth, the traditional definition of a recession.”https://t.co/ZK2VVdF5po pic.twitter.com/awq0MM2puc
— Jim Geraghty (@jimgeraghty) July 15, 2022
Our refinery capacity isn’t increasing, and in fact another refinery is scheduled to shut down at the end of 2023, or perhaps even earlier. So that problem isn’t likely to go away anytime soon.https://t.co/ZK2VVdF5po pic.twitter.com/TFphnXHQqb
— Jim Geraghty (@jimgeraghty) July 15, 2022
I mean… is it me, or does all of that stuff seem more important than “THIS JUST IN, Joe Manchin STILL won’t sign on to Build Back Better”?https://t.co/ZK2VVdF5po pic.twitter.com/AeP1euW7wG
— Jim Geraghty (@jimgeraghty) July 15, 2022
The economy is by all measurements a hot mess, and the Democrat Party’s attempts to inject even more money and regulations into it will only produce further heartache. As the rapper Notorious B.I.G., once said, “Mo’ money, mo’ problems.”
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