Goldman Sachs cuts US economic forecast after Joe Manchin rejects Build Back Better
www.cnn.com
Senator Joe Manchin's opposition to the Build Back Better Act prompted Goldman Sachs to swiftly dim its US economic outlook.

Help me understand. Why aren't the bankers using their leverage to make Manchin do it?

Is there disagreement between different factions of the bourgeoisie? Maybe BBB is good for the financial but not the industrial idk

    • ElGosso [he/him]
      ·
      3 years ago

      More money circulating = more money for them to hoover up, more or less

      There is a point where it's too much but Goldman Sachs changed the prediction from 3% growth to 2% so we're not quite there yet

        • panopticon [comrade/them]
          ·
          3 years ago

          When the principal gets deleted out of existence is that backed up by an insurance payment or some other kind of transfer of funds, or is it literally just changed to zero in some database and forgotten about?

    • PlantsRstillCool [des/pair]
      ·
      3 years ago

      Would BBB have reduced household debt?

      I thought it was mostly an infrastructure bill