Sen. <a href="http://dailywire.com/topic/bernie-sanders" target="_blank" rel="noopener">Bernie Sanders</a> (I-VT) is selling tickets priced as high as $95 for an event that will promote his new book, “It’s Okay to Be Angry About Capitalism.”
Admirers of the democratic socialist can <a href="https://www.ticketmaster.com/senator-bernie-sanders-its-okay-to-washington-district-of-columbia-03-01-2023/event/15005E397F6416F0" target="_blank" rel="noopener">purchase</a> seats on Ticketmaster, a company which has recently faced <a href="https://www.dailywire.com/news/ticketmaster-live-nation-are-a-joke-break-up-their-monopoly" target="_blank" rel="noopener">accusations</a> of anticompetitive practices, for prices ranging between $35 and $95. The event will be hosted on March 1 at The Anthem, a music venue and auditorium in Washington, D.C. Holders of the more expensive tickets will receive a free copy of Sanders’ new book, which is <a href="https://www.penguinrandomhouse.com/books/667864/its-ok-to-be-angry-about-capitalism-by-bernie-sanders-with-john-nichols/" target="_blank" rel="noopener">available</a> for $28 from Penguin Random House.
The publishing company said that the lawmaker’s work is “a progressive takedown of the uber-capitalist status quo that has enriched millionaires and billionaires at the expense of the working class, and a blueprint for what transformational change would actually look like.”
“Reflecting on our turbulent times, Senator Bernie Sanders takes on the billionaire class and speaks blunt truths about our country’s failure to address the destructive nature of a system that is fueled by uncontrolled greed and rigidly committed to prioritizing corporate profits over the needs of ordinary Americans,” the description of the book asserts. “Sanders believes that, in the face of these overwhelming challenges, the American people must ask tough questions about the systems that have failed us and demand fundamental economic and political change. This is where the path forward begins.”
The lawmaker is also hosting a book tour event at the BAM Howard Gilman Opera House in New York City, where tickets are <a href="https://www.bam.org/talks/2023/senator-bernie-sanders" target="_blank" rel="noopener">selling</a> for $40. Penguin Random House also <a href="https://www.penguinrandomhouse.com/authors/2018350/senator-bernie-sanders" target="_blank" rel="noopener">lists</a> upcoming book tour events in Charlottesville, Virginia, and Tucson, Arizona.
Sanders is by no means a stranger to accusations of hypocrisy with respect to his views on wealth accumulation. Though he is known for railing against large corporations and billionaire entrepreneurs, Sanders is a “millionaire with three houses,” as <a href="https://www.dailywire.com/news/bloomberg-nails-socialist-bernie-youre-a-millionaire-with-3-houses" target="_blank" rel="noopener">noted</a> by former Democratic presidential candidate Mike Bloomberg during the party’s most recent presidential primary cycle.
“What a wonderful country we have. The best known socialist happens to be a millionaire with three houses. What’d I miss here?” Bloomberg asked. Sanders responded that he has a house in Washington, a home in Burlington, Vermont, and a “summer camp.”
Sanders claimed that Bloomberg’s workers earned his fortune; the former New York City mayor rebutted that the comments from Sanders would drive voters toward President Donald Trump because of their radical nature. “We are not going to throw out capitalism, we tried that, other countries tried that, it was called communism and it just didn’t work,” he contended.
Rep. Alexandria Ocasio-Cortez (D-NY), the first female member of the Democratic Socialists of America to serve in Congress, has also received <a href="https://www.dailywire.com/news/aoc-launches-tax-the-rich-merchandise-collection-after-met-gala-stunt" target="_blank" rel="noopener">criticism</a> for selling “Tax The Rich” merchandise, which she promoted during the Met Gala two years ago. Customers can buy $58 sweatshirts, $27 t-shirts, $27 mugs, and $27 tote bags, among other items.
Sanders recently made headlines for voting against a measure that exercised authority granted to Congress by the Railway Labor Act to prevent a nationwide rail strike. He <a href="https://www.dailywire.com/news/house-passes-legislation-to-avoid-a-nationwide-rail-strike-bernie-sanders-intends-to-block-it" target="_blank" rel="noopener">remarked</a> on social media that workers should receive at least seven paid sick days as rail companies earn “record profits” and shared his desire to “block consideration of the rail legislation” until a roll call vote guaranteed workers the benefit.

Senators Sanders And Menendez Discuss SALT Deductions At Press Conference

Bernie Sanders Selling $95 Tickets For ‘It’s Okay To Be Angry About Capitalism’ Event

Bernie Sanders Selling $95 Tickets For Anti-Capitalism Event

Bernie Sanders

Capitalism

Democratic Socialism

General

Politics

Former Democratic presidential candidate Bernie Sanders and moderate Sen. Jon Tester (D-MT) had different reactions to Arizona Sen. <a href="https://www.dailywire.com/news/key-senator-leaves-democratic-party-rejecting-beltway-partisanship" target="_blank" rel="noopener">Kyrsten Sinema</a>&#8216;s decision to ditch the Democrats and become an independent.
Tester brushed off Sinema&#8217;s disaffiliation Sunday on NBC&#8217;s &#8220;Meet the Press,&#8221; saying it does not matter because she will still caucus with Democrats. But Vermont Senator Bernie Sanders, an independent who caucuses with Democrats, blasted Sinema as a &#8220;corporate Democrat&#8221; who &#8220;sabotaged&#8221; the party&#8217;s agenda.
&#8220;I was surprised that she made the change, but functionally, I don&#8217;t think it changes a thing,&#8221; Tester said. &#8220;I think we&#8217;re going to continue doing the same thing we were doing, whether she&#8217;s an independent or part of the Democratic caucus.&#8221;
&#8220;It&#8217;s about keeping relationships in Washington, D.C., if you&#8217;re gonna get things done, and I think Kyrsten Sinema knows that,&#8221; he added. &#8220;And I think, whether she&#8217;s a Democrat or a Republican, that really doesn&#8217;t matter. The label doesn&#8217;t matter. What matters is, you&#8217;ve gotta have somebody in Washington, D.C., that wants to get things done and move things forward.&#8221;
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
WATCH: Senator Jon Tester (D-Mont.) says “functionally, I don’t think it changes a thing” that Sen. Kyrsten Sinema is leaving the Democratic Party. <a href="https://twitter.com/SenatorTester?ref_src=twsrc%5Etfw">@SenatorTester</a>: “I look forward to working with her as I have in the past.” <a href="https://t.co/zpauZoCckS">pic.twitter.com/zpauZoCckS</a>
&mdash; Meet the Press (@MeetThePress) <a href="https://twitter.com/MeetThePress/status/1601979909638967296?ref_src=twsrc%5Etfw">December 11, 2022</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Appearing on CNN&#8217;s &#8220;State of the Union,&#8221; Sanders rebuked Sinema for putting her electoral concerns ahead of the party&#8217;s agenda.
&#8220;I think the Democrats there are not all that enthusiastic about somebody who helped sabotage some of the most important legislation that protects the interests of working families and voting rights and so forth. So, I think it really has to do with her political aspirations for the future in Arizona.&#8221;
&#8220;She is a corporate Democrat who has, in fact, along with [West Virginia Democratic] Senator [Joe] Manchin, sabotaged enormously important legislation,&#8221; he added.
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
&quot;She&#39;s a corporate Democrat &#8230; &quot;
Sen. Bernie Sanders (I-VT) reacts to Sen. Kyrsten Sinema (I-AZ) leaving the Democratic Party and what it could mean for Congress. <a href="https://twitter.com/CNNSotu?ref_src=twsrc%5Etfw">@CNNSotu</a> <a href="https://twitter.com/hashtag/CNNSOTU?src=hash&amp;ref_src=twsrc%5Etfw">#CNNSOTU</a> <a href="https://t.co/xilfbBfACp">pic.twitter.com/xilfbBfACp</a>
&mdash; CNN (@CNN) <a href="https://twitter.com/CNN/status/1601949000009388032?ref_src=twsrc%5Etfw">December 11, 2022</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
A top Democratic adviser <a href="https://www.dailywire.com/news/top-democratic-advisor-explains-why-sinema-left-party-and-why-it-might-backfire-anyway" target="_blank" rel="noopener">explained Friday</a> that Sinema&#8217;s decision likely was prompted by near-universal discontent among Arizona Democrats.
“I’ve seen polling (recent polling even),” Tony Cani, former Deputy Director of the 2020 Biden campaign in Arizona, wrote on Twitter. “Sinema gets crushed in a primary by any dem. Dissatisfaction w/ the way she operates is not a left-wing thing. Dems of all ages &amp; ideologies are frustrated with the way she operates, plus the vast majority of Rs will vote for an R nominee. Ds across the spectrum dislike the way Sinema operates so much that she gets no credit for passing widely popular legislation. Her significant legislative wins this session has not improved her standing even a little. Voters have made up their minds about her &amp; have not budged.”

Jon Tester Bernie Sanders

Bernie Says Sinema ‘Sabotaged’ Biden Agenda, Disagrees With Top Dem Who Says Her Switch ‘Doesn’t Matter’

Jon Tester Says Sinema's Party Switch 'Doesn't Matter,' Bernie Sanders Blasts Her As A 'Corporate Democrat' 

Congress

Kyrsten Sinema

Meet the Press

Senate Democrats

State of the Union

A top adviser for Sen. <a href="https://www.dailywire.com/topic/bernie-sanders" target="_blank" rel="noopener">Bernie Sanders</a> (I-VT) said he believes the 81-year-old democratic socialist will “take another look” at a presidential bid if President <a href="https://www.dailywire.com/topic/joe-biden" target="_blank" rel="noopener">Joe Biden</a> does not run for re-election.
Faiz Shakir, who managed Sanders’ 2020 presidential campaign and now advises the senator, <a href="https://www.cbsnews.com/news/bernie-sanders-2024-presidential-run-if-biden-doesnt/" target="_blank" rel="noopener">told</a> CBS News on Thursday that he still thinks Biden will run again, but said that Sanders would be open to another bid should the Democrats need a candidate.
&#8220;I assume that he would give it a hard look,&#8221; Shakir said. &#8220;I don&#8217;t want to make the judgment for him. Obviously, it would be his choice to make. But I assume that he would want to reevaluate it.&#8221;
The adviser added that Sanders is “very aware that he&#8217;s older now and he&#8217;d have to make a real judgment about his own vigor and his stamina and his desire and hunger and passion to do this a third time. But if it were an open field? Yeah, I&#8217;m confident he would take another look at it and say, &#8216;Do I want to do this or not?’”
The Vermont senator ran in the Democratic primary in 2016, becoming the closest challenger to Hillary Clinton, who went on to win the nomination, edging out Sanders with help from the Democratic Party’s <a href="https://www.latimes.com/politics/la-na-clinton-sanders-democrats-20160516-snap-story.html">superdelegates</a>. Sanders took another shot at the White House in 2020 when President Biden defeated him in the primary by a much larger margin.
Biden, 80, has faced questions about his physical and mental <a href="https://www.dailywire.com/news/white-house-stealth-edits-bidens-apparent-teleprompter-gaffe-internet-notices-mockery-ensues">capabilities</a> during his first two years in office. Nevertheless, the president has <a href="https://www.bloomberg.com/news/articles/2022-11-09/biden-says-he-plans-to-run-in-2024-may-decide-early-next-year" target="_blank" rel="noopener">said</a> that he plans on running for re-election, even as many on the Left hope for other Democratic leaders to steer the party in 2024. An ABC News/Washington Post <a href="https://www.dailywire.com/news/poll-more-than-half-of-democrats-dont-want-biden-as-2024-nominee">poll</a> from September revealed a majority of Democrats would prefer a candidate other than Biden in the next election.
The president, however, recently received support for another term in the White House from party leaders like House Speaker Nancy Pelosi (D-CA) and potential Democratic presidential nominee Governor Gavin Newsom (D-CA).
“I’m all in; put me in, coach,” Newsom reportedly <a href="https://www.dailywire.com/news/gavin-newsoms-latest-move-indicates-dems-behind-a-biden-2024-run">told</a> Biden during an Election Day phone call. “We have your back.”
“He not only beat Trump once, I think he can beat him again,” Newsom said of the president. “I hope he runs, I’ll enthusiastically support him.”

81-Year-Old Bernie Sanders Will Likely ‘Take Another Look’ At Presidential Run If Biden Opts Out, Top Adviser Says

Bernie Sanders Will Likely ‘Take Another Look’ At Presidential Run If Biden Opts Out, Top Adviser Says

2024 Election

Elections

Executive

Joe Biden

White House

After the <a href="https://www.dailywire.com/topic/u-s-house-of-representatives" target="_blank" rel="noopener">House of Representatives</a> advanced a bill on Wednesday meant to avert a looming nationwide <a href="http://dailywire.com/topic/railroads" target="_blank" rel="noopener">rail</a> strike, Sen. <a href="http://dailywire.com/topic/bernie-sanders" target="_blank" rel="noopener">Bernie Sanders</a> (I-VT) vowed to block the measure in the <a href="https://www.dailywire.com/topic/u-s-senate" target="_blank" rel="noopener">Senate</a>.
Unions and rail companies previously agreed to a tentative deal providing workers a 24% pay raise and more robust healthcare benefits, although a handful of labor organizations rejected the agreement due to a lack of paid sick days. House Speaker Nancy Pelosi (D-CA) said in a <a href="https://www.speaker.gov/newsroom/112922-2" target="_blank" rel="noopener">letter</a> to lawmakers on Tuesday evening that the lower chamber would “take action to protect the economic security of America’s working families and avert a devastating nationwide rail strike,” echoing a <a href="https://www.dailywire.com/news/white-house-calls-for-congressional-intervention-to-avoid-potentially-crippling-rail-strike" target="_blank" rel="noopener">call</a> from President Joe Biden.
Legislation enforcing the tentative agreement passed on Wednesday by a margin of 290 to 137, with eight Democrats and 129 Republicans voting against the bill. Senate Majority Leader Chuck Schumer (D-NY) and Senate Minority Leader Mitch McConnell (R-KY) affirmed that the upper chamber would move as quickly as possible to advance the bill to the White House.
Sanders, however, <a href="https://twitter.com/SenSanders/status/1597709690699489280?s=20&amp;t=iD67NiKf3PIGloPjEW0Ypg" target="_blank" rel="noopener">remarked</a> on social media that workers should receive at least seven paid sick days as rail companies earn “record profits.” He intends to “block consideration of the rail legislation” until a roll call vote guarantees workers the benefit.
Biden meanwhile thanked members of both parties in the House for advancing the legislation and stressed the urgency of deliberations in the Senate.
“Without the certainty of a final vote to avoid a shutdown this week, railroads will begin to halt the movement of critical materials like chemicals to clean our drinking water as soon as this weekend,” he said in a <a href="https://www.whitehouse.gov/briefing-room/statements-releases/2022/11/30/statement-from-president-joe-biden-on-house-action-to-avert-rail-shutdown/" target="_blank" rel="noopener">statement</a>. “Without action this week, disruptions to our auto supply chains, our ability to move food to tables, and our ability to remove hazardous waste from gasoline refineries will begin.”
The daily economic cost of a nationwide rail shutdown could amount to $2 billion, according to a <a href="https://www.aar.org/wp-content/uploads/2022/09/AAR-Rail-Shutdown-Report-September-2022.pdf" target="_blank" rel="noopener">report</a> from the Association of American Railroads, while a <a href="https://rilastagemedia.blob.core.windows.net/rila-web/rila.web/media/media/pdfs/supply%20chain/rila-rail-labor-dispute.pdf" target="_blank" rel="noopener">letter</a> from the Retail Industry Leaders Association addressed to Biden noted that freight rail accounts for 40% of long-distance shipping volume in the United States. Members of Congress can exercise authority over interstate commerce to intervene in rail labor negotiations under the Railway Labor Act of 1926.
Hundreds of business groups have encouraged Congress to compel acceptance of the tentative agreement. A <a href="https://nrf.com/media-center/press-releases/retailers-encouraged-house-approval-tentative-agreement-averting-rail" target="_blank" rel="noopener">statement</a> from the National Retail Federation lauded the House for approving the legislation.
“America’s railroads serve nearly every sector of our economy and provide access to global markets. The freight rail system is a lifeline for many industries, ensuring the transport of not only retail goods, but also essential food and energy supplies,” the group said. “It is imperative that the Senate now acts immediately to approve the measure and send it to President Biden’s desk.”
Biden and Pelosi have expressed reluctance to disrupt union negotiations since the commander-in-chief <a href="https://joebiden.com/empowerworkers/#" target="_blank" rel="noopener">campaigned</a> for the Oval Office in favor of collective bargaining. One of the unions which rejected the tentative agreement <a href="https://www.dailywire.com/news/union-allies-turn-on-pro-labor-biden-for-trying-to-prevent-looming-rail-strike" target="_blank" rel="noopener">said</a> that the organization “is deeply disappointed by and disagrees with” actions from the Biden administration to prevent the strike.

Sen. Bernie Sanders

House Passes Legislation To Avoid A Nationwide Rail Strike. Bernie Sanders Intends To Block It.

Bernie Sanders Intends To Block Legislation Passed By House To Avert Rail Strike

Economy

Labor Unions

Railroads

railway strike

strike

U.S. House of Representatives

U.S. Senate

Unions

Sen. Bernie Sanders (I-VT) attempted to deflect blame away from Democrats for skyrocketing inflation on Sunday.
Appearing on CNN&#8217;s &#8220;State of the Union,&#8221; Sanders defended Congressional Democrats and the Biden administration, claiming Republicans have no plan to fight inflation and should be rejected by voters. Host Jake Tapper challenged that rationale.
&#8220;[I]f I&#8217;m a swing voter out there, a young voter, working-class voter, and I hear your message, I think, &#8216;but you guys control everything. Democrats control the House and the Senate and the White House. And inflation is really high. And I&#8217;m having a tough time making ends meet. Why should I vote for you again?'&#8221; Tapper asked.
&#8220;We have half the votes, exactly half the votes of the Senate and a tiny majority in the House,&#8221; Sanders replied. &#8220;It&#8217;s important that, when we talk about inflation, Republicans will say, &#8216;well, this is Joe Biden&#8217;s fault.&#8217; Really? Our inflation rate is much too high. It is eight percent. It is ten percent in the U.K., ten percent throughout Europe, seven percent in Canada. Inflation is a global problem.
Sanders went on to blame inflation on a breakdown of supply chains during the pandemic, Russia&#8217;s invasion of Ukraine, and &#8220;corporate greed.&#8221;
&#8220;What are the Republicans&#8217; response to inflation? What do they want to do? Well, maybe they want to cut wages for workers,&#8221; Sanders continued. &#8220;Do they want to raise the minimum wage? No, they don&#8217;t. So, I think it is important to take the attack to the Republicans. What do they want to do, other than complain?&#8221;
Inflation surged again in September, <a href="https://www.dailywire.com/news/inflation-surpasses-forecasts-ahead-of-midterm-elections-in-bad-omen-for-democrats" target="_blank" rel="noopener">rising 8.2%</a> year-over-year. Month-to-month inflation outpaced analysts&#8217; forecasts as well, increasing by 0.4%, as the Daily Wire reported. Meanwhile, a report from the Committee for a Responsible Federal Budget found that reckless spending, such as the stimulus packages passed during COVID, drove much of the inflation. The analysis concluded that <a href="https://www.dailywire.com/news/sound-fiscal-policy-is-missing-from-the-battle-against-inflation-report-argues" target="_blank" rel="noopener">sound fiscal policy</a> was the critical missing piece in fighting rising prices.
Inflation and economic woes are still at the top of voters&#8217; minds in polling ahead of the 2022 midterms, and Republicans appear to benefit. An October poll from <a href="https://emersoncollegepolling.com/national-poll-biden-approval-drops-as-republicans-congressional-control-chances-improve/" target="_blank" rel="noopener">Emerson College</a> showed that inflation was the top issue for 44% of voters. The survey also showed Republicans with a 5-point lead on the generic Congressional ballot. Another poll from <a href="https://harvardharrispoll.com/wp-content/uploads/2022/10/HHP_Oct2022_KeyResults.pdf" target="_blank" rel="noopener">Harvard CAPS-Harris</a> showed that inflation was one of the most important issues for 37% of voters, and the economy topped the list for another 29%. The poll also showed Republicans with a 6-point lead on the generic ballot.

Sen. Sanders Speaks On Reconciliation

Bernie Sanders Makes Excuses For Democrats On Inflation, Complains Republicans Don’t Have A Plan

Bernie Sanders Makes Excuses For Democrats On Inflation, Complains Republicans Don't Have A Plan

2022 Midterms

Inflation

Jake Tapper

With three weeks to go until the 2022 midterm elections, things are so bad for Democrats that they&#8217;re already getting their stories together on who and what to blame for what many pollsters are predicting will be a bloodbath for the party.
Former President Barack Obama, who hit the campaign trail in a desperate attempt to stem the losses, was brutal in his assessment of what&#8217;s dragging Democrats down, saying they&#8217;re a &#8220;buzzkill.&#8221;
&#8220;When we’re talking about putting together … durable majorities, we have to be able to speak to everybody about their common interests,” Obama said in an <a href="https://nypost.com/2022/10/15/barack-obama-blasts-cancel-culture-calls-dems-buzzkill/">interview</a> with &#8220;Pod Save America.&#8221;
&#8220;Where we get into trouble sometimes is when we try to suggest that some groups are more — because they historically have been victimized more, that somehow they have a status that’s different than other people,&#8221; he said. &#8220;And that we’re going around scolding folks if they don’t use exactly the right phrase, or that identity politics becomes the principal lens through which we view our various political challenges.&#8221;
James Carville, the chief strategist for Bill Clinton, was famed for framing the 1992 presidential race with just four words: &#8220;It&#8217;s the economy, stupid.&#8221; He, too, says Democrats are far too focused on abortion while Americans care most about inflation, gas and food prices, rampant crime, and the porous southern border.
“A lot of these consultants think if all we do is run abortion spots that will win for us. I don’t think so,” he <a href="https://www.dailywire.com/news/the-ragin-cajun-warns-dems-abortion-aint-a-winning-issue">said</a>. “It’s a good issue. But if you just sit there and they’re pummeling you on crime and pummeling you on the cost of living, you’ve got to be more aggressive than just yelling &#8216;abortion&#8217; every other word.”
Carville is spot on. Democrats thought they had been gifted a winning issue when the Supreme Court overturned Roe v. Wade, the 1973 landmark decision that deemed abortion a constitutionally protected right across America.
And Sen. Bernie Sanders (I-VT) says Democrats are spending too much time moaning about abortion rights and far too little on one of his key issues, economic inequality.
&#8220;I don’t believe it can be the only issue,&#8221; Sanders told “CNN Tonight with Jake Tapper” in a recent interview.
“At a time when we have an economy in which the wealthiest people, the billionaire class, are getting much, much richer while working people are struggling to put food on the table, it goes without saying that we have to focus on the economy,” he said.
Mike Lux, a Democratic strategist and Clinton White House adviser, told <a href="https://thehill.com/homenews/senate/3695023-democrats-ready-for-midterm-blame-game/">The Hill</a> he agrees with Obama.
“I think the language police stuff gets a little silly, but I would also say that in the focus groups that I have done and the polling that I have been working on … voters are not mostly focused on that stuff. That’s what Twitter is focused on,” he said. “My sense of what voters are focused on is economic issues, abortion, stuff that really matters to them and their lives.”
Well, wrong on abortion, but right on the other issues.
Americans are keyed in inflation, which has forced more than half of working Americans to consider getting a second job to make ends meet.
&#8220;About 38% of workers have looked for a second job, while an additional 14% have plans to do so, according to a survey of more than 1,000 full-time US employees by Qualtrics International Inc., which makes software used by over 16,000 organizations,&#8221; <a href="https://www.bloomberg.com/news/articles/2022-10-19/inflation-forces-over-50-of-americans-to-consider-a-side-hustle?leadSource=uverify%20wall">Bloomberg News</a> reported. &#8220;At the same time, 18% of working adults said they had moved to an area with a lower cost of living to cut expenses, and another 13% plan to do so.&#8221;
Why? &#8220;About 70% say their pay isn’t keeping up with rising expenses. A recent Brookings Institution study estimated that the current spike in prices means it will now cost more than $300,000 to raise a child to age 17, up $26,000 since inflation took hold,&#8221; Bloomberg reported.
The views expressed in this piece are the author’s own and do not necessarily represent those of The Daily Wire.
Joseph Curl has covered politics for 35 years, including 12 years as White House correspondent for a national newspaper. He was also the a.m. editor of the Drudge Report for four years. Send tips to josephcurl@dailywire.com and follow him on Twitter @josephcurl.

Obama

CYA: Democrats Already Making Excuses For The Coming Midterm Election Thumping

Democrats Already Making Excuses For the Coming Nov. 8 Election Thumping 

Barack Obama

James Carville

obama

Independent Vermont Sen. Bernie Sanders said the Federal Reserve is not helping Americans deal with crushing inflation.
Appearing on NBC&#8217;s &#8220;<a href="https://www.nbcnews.com/meet-the-press/video/full-sanders-interview-fed-hikes-not-democrats-spending-hurting-economy-150770757607" target="_blank" rel="noopener">Meet the Press</a>&#8221; Sunday, Sanders claimed that the Fed&#8217;s policy of raising interest rates, thereby slowing down the economy to lower inflation, is actually making difficult times worse for working families.
“I think they’re hurting the situation,” Sanders said. “I think that it is wrong to be saying &#8216;the way we are gonna deal with inflation is by lowering wages and increasing unemployment.&#8217; That is not what we should be doing.”
“This inflation thing is a real issue, it is a global issue, but at a time when working families are struggling and the people on top are doing phenomenally well, I think you don’t go after working people,&#8221; he added.
Sanders also said he would not raise interest rates any further. But he refused to attribute reckless government spending as the root cause of inflation. Instead, Sanders repeated the Democrats&#8217; stance on the issue, blaming supply chain disruptions from the COVID pandemic, the war in Ukraine, and greedy corporate interests.
“Inflation globally is caused by the pandemic and the break in supply chains,&#8221; he said. &#8220;It is caused by, in my view, the war in Ukraine, obviously, and it is also caused by incredible corporate greed. And I hope everybody understands that when you go to the gas [pump], you fill up your car today, the oil companies are making huge profits, the food companies are making huge profits&#8230;pharmaceutical industry is making huge profits. We&#8217;ve got to deal with that issue.” Sanders said.
Sanders&#8217; comments come in the wake of another dismal report that showed inflation <a href="https://www.dailywire.com/news/inflation-surpasses-forecasts-ahead-of-midterm-elections-in-bad-omen-for-democrats" target="_blank" rel="noopener">rose 8.2%</a> between September 2021 and September 2022. The month-to-month increase of 0.4% exceeded analysts’ forecasts, while core inflation — which factors out the more volatile food and energy categories — reached 0.6% against an estimate of 0.4%. Despite energy costs falling in some categories, a 0.8% surge in food prices and a 0.7% increase in shelter prices contributed to the headline number.
Year-over-year inflation in September was essentially <a href="https://www.dailywire.com/news/august-inflation-report-shows-several-nasty-surprises-biden-claims-victory-anyway">unchanged</a> since the previous month’s reading of 8.3%. Lower energy costs produced a moderation from the 9.1% inflation rate in June and the 8.5% rate in July, although gasoline prices have since returned to an upward trajectory.
Policymakers at the Federal Reserve had <a href="https://www.dailywire.com/news/heres-what-the-federal-reserves-recent-rate-hike-means-for-the-economy" target="_blank" rel="noopener">raised</a> target interest rates by 0.75% last month, a move which followed two identical hikes in June and July, in an attempt to relieve elevated inflationary pressures. The continually elevated price levels may prompt further action.
Ben Zeisloft contributed to this report.

Bernie Sanders Says Federal Reserve Is ‘Hurting’ The Economy

Bernie Sanders Says Federal Reserve Is 'Hurting' The Economy

Federal Reserve

On Wednesday, Senator Bernie Sanders (I-VT) blocked a resolution offered by Republicans to resolve the stalemate that could lead to a crippling railroad strike that could savage the U.S. economy.
The resolution, introduced by GOP Senators Richard M. Burr of North Carolina and Roger Wicker of Mississippi, would force unions and freight railroads to accept the recommendations of President Biden’s presidential emergency board, including a 24% wage increase over a few years and an annual bonus of $1,000. But Sanders fought the resolution, saying it did not give workers enough sick time.
“Senate Democrats just blocked our bill that would have given railway workers a big raise and prevented a crippling strike and supply chain crisis,” Senate Minority Leader Mitch McConnell (R-KY) charged.
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Senate Democrats just blocked our bill that would have given railway workers a big raise and prevented a crippling strike and supply chain crisis.
If a strike occurs and paralyzes food, fertilizer, and energy shipments nationwide, it will be because Democrats blocked this bill.
&mdash; Leader McConnell (@LeaderMcConnell) <a href="https://twitter.com/LeaderMcConnell/status/1570157324848824321?ref_src=twsrc%5Etfw">September 14, 2022</a></blockquote>
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“Bernie wants a strike,” one Republican aide said, The Hill <a href="https://thehill.com/homenews/senate/3643255-sanders-blocks-proposal-to-force-rail-unions-to-accept-labor-deal/">reported.</a> Burr had stated on the Senate floor, “Congress has intervened 18 times in the past, imposing PEB recommendations in whole or in part four times. If we don’t do it, if we do not force this issue, at 12:01 tomorrow night, the railroads will shut down, and the economic impact on the American people is $2 billion a day.”
Last week, railroads started to prepare for a possible strike by securing “hazardous and security-sensitive materials” just in case a strike occurs and the materials are left unsecured on a train.
Ed Elkins, executive vice president and chief marketing officer at Norfolk Southern, said last Friday that 10 out of 12 unions negotiating with the railroads had reached an agreement, adding, “We asked the two holdout unions for a commitment not to strike so we could continue normal operations, but they have declined,” <a href="https://www.trains.com/trn/news-reviews/news-wire/railroads-begin-embargoes-on-hazardous-materials-in-preparation-for-possible-work-stoppage/">Trains.com</a> reported.
On Monday, the U.S. Chamber of Commerce <a href="https://www.uschamber.com/security/supply-chain/u-s-chamber-calls-for-urgent-action-on-railroad-negotiations-to-avoid-national-economic-disaster">warned,</a> “A national rail strike would be an economic disaster – freezing the flow of goods, emptying shelves, shuttering workplaces, and raising prices for families and businesses alike, but that is exactly what is likely to happen in less than four days.”
The Chamber delineated three options for resolving negotiations: the recalcitrant unions would join those who had successfully reached an agreement; an extension of the current “cooling off” period would be implemented, or Congress would make its presence felt by using the power granted in the Railway Labor Act, Congress to order striking railroad workers back to work.
The same day, Amtrak tweeted, “The shutdown could have an impact on all Long Distance and most of our State-Supported routes as Amtrak operates almost all of our 21,000 route miles outside the Northeast Corridor (NEC) on track owned, maintained and dispatched by freight railroads.”
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The shutdown could have an impact all Long Distance and most of our State-Supported routes as Amtrak operates almost all of our 21,000 route miles outside the Northeast Corridor (NEC) on track owned, maintained and dispatched by freight railroads.
&mdash; Amtrak (@Amtrak) <a href="https://twitter.com/Amtrak/status/1569416702114373638?ref_src=twsrc%5Etfw">September 12, 2022</a></blockquote>
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An amalgam of 30 groups sent a letter to the chairmen and ranking members of the Senate Commerce and House Transportation and Infrastructure committees last week on which they contended, “A complete stoppage of the rail system would lead to shutdowns or slowdowns of rail-dependent facilities resulting in devastating consequences to our national and global food security.”

Mcc Sanders

McConnell Rips Dems For Blocking GOP Railroad Bill That Would Avoid Nationwide Strike

Mitch McConnell

The &#8220;side deal&#8221; Senate Democrats cut with Sen. <a href="https://www.dailywire.com/topic/joe-manchin" target="_blank" rel="noopener">Joe Manchin</a> (D-WV) is beginning to fall apart, as dozens of Democrats announced their opposition to it.
Senate Majority Leader Chuck Schumer (D-NY) struck a deal with <a href="https://www.dailywire.com/topic/joe-manchin" target="_blank" rel="noopener">Manchin</a> in order to secure his critical vote to pass their $740 billion tax and climate law, the so-called “<a href="https://www.dailywire.com/topic/inflation-reduction-act" target="_blank" rel="noopener">Inflation Reduction Act</a>.” In exchange for Manchin&#8217;s vote, Schumer agreed to include reforms to the oil and gas permitting process in a stopgap government funding bill. But dozens of House Democrats signed a <a href="https://naturalresources.house.gov/imo/media/doc/2022-09-09%20Group%20NEPA%20Letter%20to%20Pelosi%20and%20Hoyer.pdf" target="_blank" rel="noopener">letter</a> to Democratic Leadership Friday opposing the permitting reforms.
&#8220;The permitting and public notice and comment provisions mandated by the National Environmental Policy Act (NEPA) are among the only tools local communities have to force careful review of federal projects that may have serious, long-term, environmental, and public health consequences in those communities,&#8221; Democrats wrote in the letter to House Speaker Nancy Pelosi (D-CA) and Majority Leader Steny Hoyer (D-MD). &#8220;Congress should continue to provide increased funding to assist federal agencies in completing the NEPA process but attempts to short-circuit or undermine the law in the name of &#8216;reform&#8217; must be opposed.&#8221;
The Democrats called the permitting reforms &#8220;anti-environmental and anti-environmental justice,&#8221; and accused them of being advanced &#8220;at the behest of the American Petroleum Institute (API).&#8221;
“These permitting &#8216;reforms&#8217; would weaken other important public health protections, including the Clean Water Act and more,&#8221; they wrote. Democrats also claimed that the reforms would &#8220;significantly and disproportionately impact low-income communities, indigenous communities, and communities of color,&#8221; and silence so-called &#8220;frontline&#8221; communities by shortening the legal review and public comment process. Attempting to pass such reforms in a budget bill would force the members to choose between protecting these communities or funding the government.
&#8220;We urge you to ensure that these provisions are kept out of a continuing resolution or any other must-pass legislation this year.&#8221;
The letter was authored by House Natural Resources Committee Chairman Raul M. Grijalva (D-AZ), and signed by 72 House Democrats.
In addition to House Democrats, Vermont Senator Bernie Sanders, an Independent who caucuses with Democrats, said he would oppose the Manchin deal in a <a href="https://www.sanders.senate.gov/press-releases/prepared-remarks-sanders-gives-floor-remarks-on-climate-disasters-and-the-mountain-valley-pipeline/" target="_blank" rel="noopener">speech</a> on the floor of the Senate Thursday. &#8220;I rise this morning to express my strong opposition to the so-called &#8216;side-deal&#8217; that the fossil fuel industry is pushing to make it easier for them to pollute the environment and destroy the planet,&#8221; Sanders said. &#8220;I am urging all of my colleagues to … reject this dirty side deal.&#8221;
Sen. Sheldon Whitehouse (D-RI) also expressed his doubts about the environmental impact of the permitting reforms. “‘Are we helping to solve the climate problem?’ is the question,” Whitehouse said, via <a href="https://thehill.com/homenews/senate/3633178-schumer-in-tough-spot-over-manchin-promise/" target="_blank" rel="noopener">The Hill</a>. “I don’t even know what the permitting reform is.”
Manchin and Schumer struck the deal on permitting reform in July as a concession to secure his vote on the Inflation Reduction Act. Schumer confirmed earlier this week that the permitting deal is still on the table, and will be included in a continuing budget resolution to fund the government for the rest of this year.
“Permitting reform is part of the IRA and we will get it done,” Schumer said Wednesday, via The Hill. “Our intention is to add it to the CR.”

Senate Armed Services Holds Hearing On Worldwide Threats

Manchin’s ‘Inflation Reduction Act’ Side Deal Beginning To Fall Apart: Dozens Of Democrats Signal Opposition

72 House Democrats Sign Letter Opposing Oil And Gas Permit Reform, Jeopardizing Manchin's 'Inflation Reduction Act' Deal

Chuck Schumer

House Democrats

Inflation Reduction Act

Joe Manchin

Oil and Gas

Far-left Sen. Bernie Sanders (I-VT) defended the Biden administration&#8217;s decision to cancel thousands of dollars in federal student loan debt.
Appearing on ABC&#8217;s &#8220;This Week with George Stephanopoulos&#8221; Sunday, Sanders rebuked <a href="https://www.dailywire.com/news/gop-senator-blunt-bidens-student-loan-cancellation-monumentally-unfair-will-have-long-term-devastating-effect" target="_blank" rel="noopener">Republicans</a> and vulnerable Democrats who criticized Biden&#8217;s decision to unilaterally forgive up to $10,000 for most borrowers. Sanders said Biden &#8220;did the right thing&#8221; and pushed for the even more radical policy of making public colleges tuition-free.
&#8220;I know it is shocking to some Republicans that the government, on occasion, does something to benefit working families and low-income people,&#8221; Sanders said. &#8220;I don’t hear any of these Republicans squawking when we give massive tax breaks to billionaires, when we have an effective tax rate today, such that the 1% having a lower effective tax rate than working people.&#8221;
&#8220;We have major corporations in a given year don’t pay a nickel in federal taxes,&#8221; he continued.&#8221; That’s okay, but suddenly when we do something for working people, it is a terrible idea.&#8221;
&#8220;I was in Boston last week and I was talking to nurses, and these nurses were telling me that they are working in some cases two jobs, outrageous hours partly in order to pay for the student debts that they have accumulated. So in my view, the president did the right thing, and we have got to be really thinking about higher education in general and in my view, at a time when hundreds of thousands of bright, young people can’t even afford to go to college, if we’re going to be competitive in a global economy, we need to make public colleges and universities tuition-free.&#8221;
A number of Congressional Democrats in hotly-contested midterm races criticized Biden&#8217;s student loan decision. Sen. <a href="https://thenevadaindependent.com/article/cortez-masto-pushes-back-against-biden-student-loan-forgiveness-as-other-dems-cheer" target="_blank" rel="noopener">Catherine Cortez Masto</a> (D-NV) said Wednesday that canceling debt “doesn’t address the root problems that make college unaffordable.&#8221;
Vulnerable Rep. <a href="https://www.dailywire.com/news/no-way-to-make-policy-democratic-congressman-rips-bidens-plan-for-student-debt-cancellation" target="_blank" rel="noopener">Chris Pappas</a> (D-NH) said Biden&#8217;s decision is &#8220;no way to make policy&#8221; and slammed the decision for sidestepping Congress.
And Rep. <a href="https://www.dailywire.com/news/vulnerable-democrats-in-swing-states-distance-themselves-from-biden-on-student-debt-cancellation" target="_blank" rel="noopener">Tim Ryan</a> (D-OH), who is running for Senate in Ohio, said that the decision &#8220;sends the wrong message to the millions of Ohioans without a degree working just as hard to make ends meet.”
Sanders rebuked his Democratic colleagues&#8217; criticism.
&#8220;Well, the truth is, in a sense that criticism is correct but the answer is not to deny help to people who cannot deal with these horrendous student debts who were delaying getting married, delaying even having children,&#8221; he said. &#8220;The answer is that maybe just maybe we want to have a government that works for all working people and not just the people on top.&#8221;

Bernie Defends Biden’s Student Loan Debt Cancellation, Wants Public Colleges ‘Tuition-Free’

Bernie Sanders Defends Biden's Student Loan Debt Cancellation, Wants Public Colleges 'Tuition-Free'

Democrats

Republican

Student Loan Cancellation

This Week

<a href="https://www.dailywire.com/topic/bernie-sanders">Senator Bernie Sanders (I-VT)</a> slammed the Inflation Reduction Act (IRA) negotiated by <a href="https://www.dailywire.com/topic/chuck-schumer">Senate Majority Leader Chuck Schumer (D-NY)</a> and Senator Joe Manchin (D-WV), in part because of a recent nonpartisan report that revealed the bill would do very little to actually reduce inflation.
Saturday evening, Vice President Kamala Harris <a href="https://thehill.com/homenews/senate/3591216-harris-breaks-50-50-deadlock-to-advance-landmark-climate-tax-health-bill/">rushed</a> to the Senate to cast the tie-breaking vote 51 &#8211; 50 to move the bill for debate before considering amendments. Despite voting in support of advancing the climate change and government spending bill, Sanders immediately voiced his concerns about the legislation.
&#8220;I want to take a moment to say a few words about the so-called Inflation Reduction Act that we are debating this evening,&#8221; Sanders <a href="https://www.businessinsider.com/bernie-sanders-inflation-reduction-act-schumer-manchin-2022-8">said</a> on Saturday. &#8220;I say so-called because according to the [Congressional Budget Office] and other economic organizations that have studied this bill, it will in fact have a minimal impact on inflation.&#8221;
In a letter sent responding to Senator Lindsey Graham (R-SC), the nonpartisan Congressional Budget Office (CBO) reported that the bill would barely make a dent in surging prices over the next year and half.
&#8220;In calendar year 2022, enacting the bill would have a negligible effect on inflation, in CBO’s assessment,&#8221; the CBO <a href="https://www.budget.senate.gov/imo/media/doc/58357-Graham.pdf">claimed</a>. &#8220;In calendar year 2023, inflation would probably be between 0.1 percentage point lower and 0.1 percentage point higher under the bill than it would be under current law, CBO estimates.&#8221;
In reaction, Graham blasted the Democrats for their &#8220;tax and spend proposal.&#8221;
&#8220;Democratic statements about the proposal are quite frankly wrong and misleading,&#8221; Graham <a href="https://www.budget.senate.gov/ranking-member/newsroom/press/cbo-confirms-to-graham-dems-inflation-reduction-act-wont-reduce-inflation#:~:text=CBO%20found%3A,would%20reduce%20incentives%20to%20work.">said</a>.
Graham also noted that the Inflation Reduction Act — which <a href="https://smartasset.com/financial-advisor/inflation-reduction-act#:~:text=The%20proposed%20legislation%20aims%20to,another%20vote%20in%20the%20House.">cost</a> taxpayers more than $700 billion — benefits wealthy families with government subsidies while hurting the economy.
“Further, CBO indicates that the Obamacare subsidies can go to a family of four earning $304,000 a year. This is, by any reasonable definition, people who are doing well and not in need of subsidies from the government,&#8221; he <a href="https://www.budget.senate.gov/imo/media/doc/58357-Graham.pdf">added</a>. “Also, CBO confirmed my suspicion that the way the 15 percent corporate minimum tax is constructed would hurt economic growth.&#8221;
The CBO also <a href="https://www.budget.senate.gov/imo/media/doc/58357-Graham.pdf">reported</a> that the IRA’s &#8220;proposed new corporate minimum tax would reduce the incentive for those large corporations to invest, primarily by limiting the tax benefit of accelerated depreciation and by decreasing the after-tax return on their new investment.&#8221;
“So what have we learned today from CBO? The bill does not lower inflation, it hurts economic growth and the Obamacare subsidies are absurd,&#8221; Graham <a href="https://www.budget.senate.gov/ranking-member/newsroom/press/cbo-confirms-to-graham-dems-inflation-reduction-act-wont-reduce-inflation#:~:text=CBO%20found%3A,would%20reduce%20incentives%20to%20work.">remarked</a>.
The CBO also reported that a key provision of the bill that bans pharmaceutical manufacturers from raising the prices of drugs higher than the rate of inflation would actually increase the cost of new drugs.
&#8220;The Congressional Budget Office projects that the inflation-rebate and negotiation provisions would increase the launch prices for drugs that are not yet on the market relative to what such prices would be otherwise,&#8221; the CBO <a href="https://www.axios.com/2022/08/05/democrats-drug-prices-medicare-effects">explained</a>.
Sanders also claimed that his colleagues must focus on &#8220;the major crises facing working families.”
&#8220;If we cannot do that, not only will people continue to hurt and suffer, but to my mind, it is questionable how long we will remain a democracy,&#8221; he said on Saturday.
It is likely that the final version of the bill will be slightly different after debate as senators like Sanders attempt to add preferred amendments to the bill.

Bernie Sanders Slams ‘The So-Called Inflation Reduction Act’

Bernie Sanders Slams 'The So-Called Inflation Reduction Act'

Biden Administration

Federal Government

Recession

On Wednesday, the <a href="https://www.dailywire.com/topic/united-states">United States</a> Senate passed a bill subsidizing semiconductors that proponents say will allow America to compete with <a href="https://www.dailywire.com/topic/china">China</a> while bolstering supply chains, but critics warn the legislation is nothing more than <a href="https://www.dailywire.com/topic/economy">corporate welfare</a>.
The Senate <a href="https://money.usnews.com/investing/news/articles/2022-07-27/majority-of-u-s-senate-backs-bill-boosting-chipmakers-to-compete-with-china">passed</a> the Creating Helpful Incentives to Produce Semiconductors (CHIPS) and Science act in a bipartisan vote of 64-33. The bill will dedicate $52 billion in government subsidies for computer chip-making companies, alongside $24 billion in tax credits, while putting forth $170 billion in scientific research over the next five years. Folks like Senator Ron Johnson (R-WI) argue that the bill is a complete waste of taxpayer money.
“It makes no sense whatsoever,” Johnson <a href="https://www.jsonline.com/story/news/politics/2022/07/27/wisconsin-ron-johnson-votes-no-measure-boost-u-s-made-semiconductor-chips/10156283002/">said</a> in an interview. “We have more than enough money sloshed around the economy to invest in semiconductor manufacturing here. It’s about aligning the incentives properly. We’re not looking at that at all. We’re just throwing more money at the problem, which is what Washington does.&#8221;
Senator Mike Lee (R-UT) also criticized the bill, arguing that it favors folks at the top of the economic food chain by taxing those making less.
&#8220;The poorer you are, the more you suffer,&#8221; Lee <a href="https://techcrunch.com/2022/07/27/senate-passes-chips-act-to-subsidize-domestic-semiconductor-production/?guccounter=1&amp;guce_referrer=aHR0cHM6Ly90LmNvLw&amp;guce_referrer_sig=AQAAAIujo0T60zHCSqUEqeW1aaFTKq8lsXwqXY8C-M576A2nxmJH_HlCn9CHdNy48CV8WK9QgCv4FpBBQ8xJbv7_xlxgKaP7RouDD9xnWgAJiK9XxdTTYHLLvw9JYiXpE_r30tZMGIms5gMOEWgzW7Q_EV6o3x1EUNU9neO9yTqeajdt">said</a> prior to the vote. &#8220;Even people well-entrenched in the middle class get gouged considerably. Why we would want to take money away from them and give it to the wealthy is beyond my ability to fathom.&#8221;
On Wednesday, Lee tweeted, &#8220;Next time you file your taxes remember the Senate just voted to give $75 billion to huge chip manufacturers—regardless of whether they use that money in the USA.&#8221;
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Next time you file your taxes remember the Senate just voted to give $75 billion to huge chip manufacturers—regardless of whether they use that money in the USA.
&mdash; Mike Lee (@SenMikeLee) <a href="https://twitter.com/SenMikeLee/status/1552385542817546247?ref_src=twsrc%5Etfw">July 27, 2022</a></blockquote>
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Lee&#8217;s counterpart, Senator Mitt Romney (R-UT), praised the bill for boosting global competition with the Chinese Communist Party.
&#8220;Remaining competitive with China is critical to our security and economic well-being,&#8221; Senator Mitt Romney (R-UT) <a href="https://twitter.com/SenatorRomney/status/1552342653672595456?s=20&amp;t=tDMX5TddJDS4uD46ZVjQFA">tweeted</a> on Wednesday. &#8220;Proud to join my colleagues in passing a package of China bills that will promote innovation, foster scientific talent, expand research, and break our dependence on China for microchips.&#8221;
Yet Senator Bernie Sanders (I-VT) condemned the plan, noting that the tech companies which would receive government funding have been raking in billions in recent years.
&#8220;The five biggest semi-conductor companies that will likely receive the lion’s share of this taxpayer handout, Intel, Texas Instruments, Micron Technology, Global Foundries and Samsung, made $70 billion in profits last year,&#8221; Sanders <a href="https://techcrunch.com/2022/07/27/senate-passes-chips-act-to-subsidize-domestic-semiconductor-production/?guccounter=1&amp;guce_referrer=aHR0cHM6Ly90LmNvLw&amp;guce_referrer_sig=AQAAAIujo0T60zHCSqUEqeW1aaFTKq8lsXwqXY8C-M576A2nxmJH_HlCn9CHdNy48CV8WK9QgCv4FpBBQ8xJbv7_xlxgKaP7RouDD9xnWgAJiK9XxdTTYHLLvw9JYiXpE_r30tZMGIms5gMOEWgzW7Q_EV6o3x1EUNU9neO9yTqeajdt">said</a> in a recent statement about the CHIPS act. “Does it sound like these companies really need corporate welfare?&#8221;
Advocates of the spending hailed it for protecting national security and giving our economy a boost.
&#8220;This legislation is going to create good paying jobs, it will alleviate supply chains, it will help lower costs, and it will protect America’s national security interests,&#8221; Senate Majority Leader Chuck Schumer (D-NY) <a href="https://money.usnews.com/investing/news/articles/2022-07-27/majority-of-u-s-senate-backs-bill-boosting-chipmakers-to-compete-with-china">said</a> in a statement.
Republican Senator John Cornyn (TX) also praised the bill.
&#8220;This is a bad day for President Xi and the Chinese Communist party,&#8221; Cornyn remarked after its passage. &#8220;The slumbering giant that is America has finally awakened to the challenge that we face from the People&#8217;s Republic of China.&#8221;
President Joe Biden also tweeted that he and his staff took a moment to watch the Senate vote on the bill.
&#8220;I took a moment today to watch the Senate pass the CHIPS and Science Act, a bipartisan bill that will accelerate semiconductor manufacturing in the U.S.,&#8221; he said. &#8220;It will lower prices, create jobs, and – critically – decrease our reliance on imported chips. The House should pass it ASAP.&#8221;
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I took a moment today to watch the Senate pass the CHIPS and Science Act, a bipartisan bill that will accelerate semiconductor manufacturing in the U.S.
It will lower prices, create jobs, and – critically – decrease our reliance on imported chips.
The House should pass it ASAP. <a href="https://t.co/dnsa3xVdDr">pic.twitter.com/dnsa3xVdDr</a>
&mdash; President Biden (@POTUS) <a href="https://twitter.com/POTUS/status/1552346838229032960?ref_src=twsrc%5Etfw">July 27, 2022</a></blockquote>
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It is expected that the House will vote on the bill sometime this week.

USA, Washington DC, Capitol Building dome and statue

Corporate Welfare Or Needed Investment To Beat China? Senate Passes Computer CHIPS Subsidy Bill

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