What's Next Now That Senator Manchin Is a 'No' On President Biden's 'Build Back Better' Act?
Dec 20, 2021 ·
41m 59s
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Description
The guest host for today's show is Brad Bannon. Brad runs Bannon Communications Research, a polling, message development and media firm which helps labor unions, progressive issue groups and Democratic...
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The guest host for today's show is Brad Bannon. Brad runs Bannon Communications Research, a polling, message development and media firm which helps labor unions, progressive issue groups and Democratic candidates win public affairs and political campaigns. His show, 'Deadline D.C. with Brad Bannon,' airs every Monday from 3-4pm ET.
Brad is first joined by Sarah Jones, Editor-in-Chief of PoliticusUSA. The pair analyzes pivotal swing vote Senator Joe Manchin coming out against President Biden's 'Build Back Better' bill during an interview yesterday.
Sarah is a 2 time Telly Award winner, and now hosts Politicus News and co-hosts Politicus Radio. The website for PoliticusUSA is www.PoliticusUSA.com and their Twitter handle is @PoliticusUSA. Sarah's handle is @PoliticusSarah.
Brad is then joined by Dr. Robert Shapiro, Chairman of Sonecon, an economic advisory firm and a Senior Fellow of the McDonough School of Business at Georgetown University.
The two breakdown the economic implications if President Biden's 'Build Back Better' act does not become law. This includes a new economic forecast from Goldman Sachs that says, per CNN: ""A failure to pass BBB has negative growth implications," Goldman Sachs economists, led by Jan Hatzius, say in a new research report.
Citing the "apparent demise" of Build Back Better, Goldman Sachs now expects GDP to grow at an annualized pace of 2% in the first quarter, down from 3% previously.
The bank also trimmed its GDP forecasts for the second quarter to 3% (from 3.5% previously) and the third quarter to 2.75% (compared with 3% previously). It specifically pointed to the expiration of the child tax credit and the lack of the other new spending that had been anticipated"
(Source: https://www.cnn.com/2021/12/19/economy/goldman-sachs-joe-manchin-build-back-better/index.html)
Dr. Shapiro is an internationally-known economist who has advised, among others, President Bill Clinton, Vice President Al Gore, Jr., British Prime Ministers Tony Blair and Gordon Brown, and then U.S. Senators Barack Obama and Hillary Clinton. He was Under Secretary of Commerce for Economic Affairs in the Clinton Administration.
His website is Sonecon.com and his Twitter handle is @RobShapiro.
(Image Credit: Sarah Silbiger / Greenpeace)
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Brad is first joined by Sarah Jones, Editor-in-Chief of PoliticusUSA. The pair analyzes pivotal swing vote Senator Joe Manchin coming out against President Biden's 'Build Back Better' bill during an interview yesterday.
Sarah is a 2 time Telly Award winner, and now hosts Politicus News and co-hosts Politicus Radio. The website for PoliticusUSA is www.PoliticusUSA.com and their Twitter handle is @PoliticusUSA. Sarah's handle is @PoliticusSarah.
Brad is then joined by Dr. Robert Shapiro, Chairman of Sonecon, an economic advisory firm and a Senior Fellow of the McDonough School of Business at Georgetown University.
The two breakdown the economic implications if President Biden's 'Build Back Better' act does not become law. This includes a new economic forecast from Goldman Sachs that says, per CNN: ""A failure to pass BBB has negative growth implications," Goldman Sachs economists, led by Jan Hatzius, say in a new research report.
Citing the "apparent demise" of Build Back Better, Goldman Sachs now expects GDP to grow at an annualized pace of 2% in the first quarter, down from 3% previously.
The bank also trimmed its GDP forecasts for the second quarter to 3% (from 3.5% previously) and the third quarter to 2.75% (compared with 3% previously). It specifically pointed to the expiration of the child tax credit and the lack of the other new spending that had been anticipated"
(Source: https://www.cnn.com/2021/12/19/economy/goldman-sachs-joe-manchin-build-back-better/index.html)
Dr. Shapiro is an internationally-known economist who has advised, among others, President Bill Clinton, Vice President Al Gore, Jr., British Prime Ministers Tony Blair and Gordon Brown, and then U.S. Senators Barack Obama and Hillary Clinton. He was Under Secretary of Commerce for Economic Affairs in the Clinton Administration.
His website is Sonecon.com and his Twitter handle is @RobShapiro.
(Image Credit: Sarah Silbiger / Greenpeace)
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