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Economics professor rips Manchin’s ‘worst possible timing’ to support ‘economy killer’ amid recession fears
Manchin picked ‘worst possible timing’ to back ‘economy killer’ bill amid strong recession signals: Brian Brenberg
Fox News contributor and The King’s College economics professor Brian Brenberg criticizes Sen. Joe Manchin, D-W.V., for doing political math.
After Senate Majority Leader Chuck Schumer, D-N.Y., and Sen. Joe Manchin, D-W.V., reached a tentative agreement for a $433 billion tax and spending package while U.S. GDP signaled recession fears on Thursday, Fox News contributor and economics professor Brian Brenberg slammed Democrats contributing to stagflation.
"The worst possible timing," Brenberg said of the newly-named "Inflation Reduction Act." "You could not pick a worse day for that announcement to come out on then today."
While the new bill starkly differs from the earlier proposed $3 trillion Build Back Better bill, it does include similar significant components related to reduced costs for drugs and environmental and climate initiatives.
"If you're in West Virginia today, you ought to be incensed that, in the middle of stagflation, your senator is talking about three quarters [of a] trillion dollars in tax hikes and spending," Brenberg noted on "Varney & Co." "That is an economy killer."
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Sen. Manchin may have changed his stance on the spending package after doing the "political math," according to the economist.