Commentary
After more than a year of expressing his concerns about the impact of inflation, Sen. Joe Manchin (D-W.Va.) has signed off on a massive tax and spending bill that only would push prices for working families even higher.
The deal, which Manchin made with Senate Majority Leader Chuck Schumer (D-N.Y.) was reached only hours before the Department of Commerce announced that the economy shrank for the second quarter in a row, which most economists consider a recession.
With inflation hitting 9.1 percent in June, this is a stagflationary economy. Inflation-adjusted wages for the average American worker have fallen by nearly $3,400 since President Joe Biden took office….