Posted on 12/19/2021 9:20:28 AM PST by RandFan
A recent investigation by The Intercept revealed that Sen. Joe Manchin’s (D-W.V.)’s daughter worked with Pfizer Inc. in 2016 to monopolize and raise the price of the EpiPen while the company gave generous campaign donations to Manchin.
Manchin’s daughter, Heather Bresch, was the president and chief executive officer of Mylan Inc., a pharmaceutical company that specialized in generic drugs. The company raised the price of a two-pack of EpiPen from around $124 dollars in 2009 to $609 in 2016.
Ginger Goebbles acting like the Psaki of $hit we knew she was.
I think Manchin said he “committed” the demented one, Psucki.
“But we will not relent in the fight to harm Americans! The fight for Build Back Better is too important to give up because we hate you and you deserve our wrath, you lack-jawed apes! We WILL find a way to screw you, your children, your grandchildren and your great-grandchildren!”
Fixed! :)
Diana here: Boy! This is some fancy footwork, here!
https://budgetmodel.wharton.upenn.edu/issues/2021/12/17/build-back-better-act-hr-5376-inflation
What Build Back Better Buys
H.R. 5376 provides funding for child and family benefits, for improvements in health insurance coverage and affordability, and for investments in education, energy, climate resilience, workforce development, and infrastructure. It raises new revenues primarily from higher taxes on large corporations and high-income households, with additional savings from reforms to reduce prescription drug costs.
To estimate the legislation’s impact on aggregate demand for goods and services, PWBM identified how each spending or revenue provision would enter the economy and affect different kinds of public and private expenditures. Spending provisions are classified into seven categories based on what would be purchased and which sector of the economy would record the expenditure. The different types of purchases are for final goods and services, for intermediate goods and services (such as raw materials) or other inputs, and for fixed assets (capital).
The different sectors are households, businesses, nonprofit institutions, state and local governments, and the federal government.
Federal employment, purchases, and investment: Direct expenditures by the federal government for final goods and services (including the services of federal employees) or for fixed assets added to the stock federal government-owned capital.
Subsidies for investment: Payments to businesses, nonprofit institutions, or state and local governments for the acquisition or maintenance of a fixed asset.
Subsidies for production: Payments to businesses, nonprofit institutions, or state and local governments for purchases of intermediate goods and services, for wages and other labor costs, or to bolster producers’ profits.
Subsidies for consumption: Payments to businesses, nonprofit institutions, or state and local governments for purchases of final goods and services on behalf of households.
Nondiscretionary transfers: Payments to households for purchases of final goods and services. These transfers are nondiscretionary (sometimes called “expenditure-based”) because the benefit is tied to the purchase of a particular good or service, such as health insurance.
Discretionary transfers: Payments to households in cash or a cash-like form. These transfers are discretionary in that households choose how much to spend on final goods and services and the timing of such spending.
Individual taxes (state and local tax deduction): The state and local tax (SALT) deduction is a tax expenditure that – like discretionary transfers – affects households’ disposable incomes. Relative to current law, H.R. 5376 raises the deduction (a tax cut) through 2025 and then limits the deduction (a tax increase) through 2031. To align the classification with the directional impact on demand, PWBM classifies the tax cut component as spending and the tax increase component as an offset.
Diana here: I took the time to read through this whole piece of propaganda last night. It’s basically a give-away from the Producers to the Unproductive. Same old, same old Socialist BS. Senator Manchin is correct!
Show of hands! Who believes this following statement? Are you spending MORE these days? I’m certainly not! Can you AFFORD to WAIT until after 2026 for maybe, possibly prices to go down? Have you EVER, in your lifetime, SEEN the price of any basic consumer good go DOWN? I am in hunker-down mode from now until, probably forever!
Pass-Through from Consumption Expenditures to Consumer Prices
The impact of a change in consumption spending on inflation depends on how sellers respond to the change in demand. This in turn depends largely on supply-side conditions in the economy. If producers can raise output without significantly raising costs, increased demand is likely to be met with an increase in the quantity of goods and services sold. If producers are constrained by the availability of inputs, increased costs are passed along to consumers through higher prices.
Figure 6 shows the share of consumption spending growth absorbed by price increases. Over the last three decades, the share has been a little below half on average. It fell sharply in 2020 as the economy shut down and recovered rapidly in 2021 as it reopened, and is now higher than before the pandemic.
Diana here: Lots of colorful graphs at the link. Enjoy your life of continuing servitude, fellow Proles! *SMIRK*
Tip to Democrats: if you treat Joe Manchin like pond scum, he will be more likely to vote with you.
Jen, how can I say this... you’re full of shit. Kudos to Senator Manchin for standing up for the USA!!!
Maybe Ovomit needs to explain this about his "signature" health care bill called OvomitCare.
Sorry mfers.
Bwahahahah...
Manchin is driving those sicko nutso commies crazy. 😜😹😱😂
You got that right!
Big Gov and Big Pharma are like Siamese twins.
But the "right" people were not getting a cut of the gov't subsidies, so Trump's plan needed to change.
Good point. But it was still going in the right direction.
A pox upon all of them!
Greedy, incestuous pigs.
About now, my wise Father would have said: “Glad I don’t have to eat my biscuits looking at that every morning.”
Seriously WTH kind of insulin Cost 1k/month.
I don’t know how she does it. I assume every morning she meets with other people and they go over potential questions the press might ask, and then she and her team have to come up with lies. And with the stuff Biden is doing, the lies are ridiculously obvious such as saying the economy is great. I would imagine the stress after a while from lying constantly day after day for months would start affecting her health.
No. Psucks to be Psaki.
Impeach 46.
If it’s possible, I think it’s underappreciated how stunningly dumb this is.
Psaki went into business for herself here.
It’s not like Psaki was ever very good as a spokesperson or skilled as a politician, but since when was she ever even a politician in the first place?
She’s supposed to be the mouthpiece for the administration releasing press statements from the President.
I don’t know how you “un say” a lot of what she said there, and when you’re the press secretary, the last thing you should be doing is holding your own press conference or setting up your successor to have to deal with putting out a fire first thing.
Worse for Biden, she was (at least in theory) his top choice for press secretary. Whoever comes next is likely going to be less capable, less comfortable, and less disciplined. The Dems haven’t been good at building up their farm team, the younger you go on their depth chart, the more zealots you encounter.
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