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Bipartisan senators finally make a deal on infrastructure bill with Biden

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By Jenny Goldsberry

President Biden announced on the White House lawn Thursday that he reached a deal with the bipartisan group of senators on the infrastructure bill. Their framework proposes about $953 billion towards various projects.

“To answer the direct question, we have a deal,” Biden said. “We have made serious compromises on both ends.”

Together they decided $559 billion to be invested in roads, broadband internet, electric utilities and other traditional infrastructure projects. The rest of the nearly $394 billion is going towards other nontraditional infrastructure. Much of the bill goes toward combating climate change and also “environmental remediation.” As a result, Biden has been able to define “infrastructure” in a more broad sense.

Meanwhile, only 21 senators have endorsed the proposed bill so far. Eleven are Republican and ten are Democrats. The bill will have to get 60 votes to pass legislation in the Senate.

You can follow Jenny Goldsberry on Twitter @jennyjournalism.

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Economy

Federal Reserve Economist on hidden camera: ‘we don’t want Trump to be in the government’

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Hidden Camera captures Principal Economist at the Federal Reserve talking about Jerome Powell’s legacy as “somebody who held the line against like, Trump.” According to hidden camera footage of Aurel Hizmo, principal economist at the Federal Reserve, the U.S. agency could have fixed inflation a while ago but refused to do so for fear of hurting President Joe Biden’s re-election efforts.

Hizmo told an undercover reporter that the Fed stopped raising the rates to tackle inflation because it could cause a recession that would likely end Biden’s 2024 campaign.

The influential agency responsible for maintaining a stable monetary system appears to not just be establishing interest rates, but to be setting policies for desired social outcomes. “Under Powell, the Fed has changed to think about equity issues, like racial issues, think about wealth inequality as part of the mandate, as part of the things we are following. Think about climate change.” Aurel Hizmo, Principal Economist at the Federal Reserve, who prior to working at the Fed was an Assistant Professor helps write speeches for Federal Reserve Board Chair Jerome Powell for the Federal Open Market Committee.

Hizmo says “Trump is just a crazy person” and conservatives are “dumb” as he describes to OMG’s American Swiper Citizen Journalist a politicized Federal Reserve Board where Powell has promoted ESG issues like climate change and “wants to be remembered in history” “as a savior.” But shhh…don’t tell anyone because Hizmo says: “I’m just really worried that I’m saying stuff that’s classified…It’s all classified.”

 

 

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