President-elect Joe Biden announced some economic priorities on Friday, but Sen. Joe Manchin (D-W.V.) promptly poked some holes in his plans.Biden began laying out his framework for the next round of COVID-19 relief, reports The Washington Post, and said his plans include a multi-trillion-dollar package that would provide "more direct relief flowing to families, small businesses," in part via $2,000 stimulus checks.But Manchin, who Axios notes will become an increasingly important player as a moderate in the Democrats' razor-thin Senate majority, seemed taken aback by Biden's promise. "I don't know where in the hell $2,000 came from. I swear to God I don't," he said. "That's another $400 billion dollars." Since Republicans are united in opposing larger checks, resistance from a single Democrat could throw a wrench in Biden's plans.He told the Post he would "absolutely not" support larger stimulus checks for Americans, but a spokesperson later seemed to walk back his resistance, insisting Manchin "isn't drawing a red line against" $2,000 checks, but simply "believes vaccine distribution should be a higher priority," as NBC News' Sahil Kapur put it. Perhaps realizing how consequential his hardline opposition to the plan may be, Manchin later tweeted to note he was open to discussion. "If the next round of stimulus checks goes out they should be targeted to those who need it," he wrote. Conspicuously, between Manchin's initial comments and his clarification, markets seemed to notice the potential roadblock.> Stocks dropped from all-time highs after a report that West Virginia Senator Joe Manchin will oppose further direct aid payments, denting hopes for another sweeping spending bill https://t.co/qzugAEnxpL pic.twitter.com/34WGqpsXJ3> > — Bloomberg (@business) January 8, 2021Aside from Manchin's role in the announcement, Biden's remarks on his economic plans were noteworthy in that he prioritized extending unemployment insurance, as well as sending billions of dollars in aid to state and local governments, which could help speed up COVID-19 vaccine distribution. Read more at The Washington Post.More stories from theweek.com 7 scathing cartoons about Trump's Capitol riot There will be no Trump heir Experts express concern about Biden's plan to release nearly all available vaccine doses
Thankfully for us proles they're in a keynesian mood. All hail our benevolent overlords
I wonder if the amount of unrest and destabilisation is actually leading to a loosening of the neoliberal reigns. It worked to quiet rowdy workers in the imperial core once before, might work again. Then again it also took the largest conflict the world has ever seen and the subsequent boom.
Given we've not even begun to feel the true impact of the pandemic on the economy (we're headed for a huge depression on par with the great one IMO), maybe even they realize trying to keep pushing austerity, for now at least, would be suicide.
