Bank predicts American GDP will go down because Joe Manchin killed the human infrastructure plan

[turbinetree]

By Sarah K. Burris
Published December 19, 2021


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After Sen. Joe Manchin (D-WV) revealed that he would not support President Joe Biden's "Build Back Better" plan, which is known as the "human infrastructure" bill, Dow Futures tumbled. Now, a major world bank is warning that they're readjusting predictions about American GDP.

Sunday evening Investors.com revealed that the stock market is predicted to tumble on Monday. Due to Manchin's interview with Fox News Sunday morning, the big bank Goldman Sachs gives the Biden bill a less than 50-50 chance of passing Congress. The company then lowered its 2022 GDP forecasts for the United States.

It puts Manchin in a difficult position to single-handedly hurt the U.S. economy, tweeted CNBC Contributor James Pethokoukis.

https://www.rawstory.com/joe-manchin-kills-gdp-dow-futures/

Market Watch ....future's, we will see tomorrow

https://www.marketwatch.com/

https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-why-market-rally-is-so-dangerous-nio-microsoft-tesla-micron-nike-in-focus/

[SheltieLover]

1. K&R!

[turbinetree]

7. Wado................thank you

[durablend]

2. Of course it will

Probably what he wanted in order to torpedo Biden and hand control back to Republicans.

[Phoenix61]

3. I'd love to see his stock trades.

Not that he’d engage in any insider trading type stuff, right? Of course not.

[femmedem]

4. That might be the one thing that will get him to reverse course.

I do want to push back on him single-handedly hurting the U.S. economy, given that every Republican is helping him.

[elleng]

5. So in addition to BBB, manchin tanks the economy, U.S. and maybe the world.

Good job.

Gavrilo Princip, South Slav nationalist assassinated Archduke Franz Ferdinand, heir to the Austro-Hungarian throne.

[msongs]

6. has anyone seen mitch mcconnell's new poodle? nt

[turbinetree]

8. I thought he was on the back of a boat "Almost Heaven " in Washington waving.....

while he was leaving town.....

[IronLionZion]

9. He saved us from inflation and labor shortage

As if that's the problem in West Virginia

[monkeyman1]

10. wonder if he sold his stock's yesterday ?????

[LowerManhattanite]

11. He has a "D" next to his name so we dare not impugn...

…his considerable “integrity” by noting the damage he’s causing.

LOLOL!

[malletgirl02]

12. At least we have to worry about inflation anymore nt.

[lindysalsagal]

13. Logical. Government spending would help boost the economy.

And so banks woukd love it.

[Ron Green]

14. GDP has long been a problem.

It measures all movement of money, regardless of benefit or harm to people or planet. There are being developed other metrics that reflect thriving and happiness, and that’s the gauge to use.

[OldBaldy1701E]

17. I is all we worry about.

Humans suffering? Homeless? Starvation? Poverty? Who cares about any of that, we need to make more shit and sell it! NOW!

(Disgusting. Sad and disgusting.)

[no_hypocrisy]

15. And Joe Manchin would say, "See? I told you so."

He'd use it as evidence for his premise of a slow and weak American economy.

Not that he'd ever admit the BBB plan would have SAVED the economy . . . . .

[CaptainTruth]

16. Manchin ia taking ALL Democrats down with him.

Average voters will look at these plans & think "Democrats didn't get it done" so they'll vote for Rethugs & then we'll see polls saying "Rethugs are better on infrastructure" even though it's total BS. This is how it happens.

[Justice matters.]

18. K & R

Is aware of that?

[Bad Thoughts]

19. Call it the Machin Contraction

Hang it around his neck