Chapter
The Manchin Double-Cross
35:42 - 39:37 (03:54)
Joe Weisenthal discusses how both the Republicans and Democrats feel double-crossed by Senator Joe Manchin on the latest infrastructure bill, and how additional distortions have been created in the economy due to government intervention.
Clips
The current low unemployment rate does not accurately represent the high number of individuals who have dropped out of the labor force and are not actively seeking employment, leading to a distorted view of the economy’s health.
35:42 - 37:47 (02:04)
Summary
The current low unemployment rate does not accurately represent the high number of individuals who have dropped out of the labor force and are not actively seeking employment, leading to a distorted view of the economy’s health.
ChapterThe Manchin Double-Cross
EpisodeE89: GDP growth negative in Q2, $SHOP layoffs, Alzheimer's fraud, Ginkgo acquires Zymergen & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Joe Manchin's decision to support the infrastructure bill has left some Republicans feeling betrayed, despite the senator not being a member of their party.
37:47 - 39:37 (01:50)
Summary
Joe Manchin's decision to support the infrastructure bill has left some Republicans feeling betrayed, despite the senator not being a member of their party. The details of the bill are still being released, but there are already provisions in place for seniors' prescription drugs and EV subsidies.