Morgan Stanley is crediting President Biden’s economic policies with driving an unexpected surge in the U.S. economy that is so significant that the bank was forced to make a “sizable upward revision” to its estimates for U.S. gross domestic product, CNBC reports.As a result of these unexp
Also absolutely massive subsidies are flowing out of the IRA into a lot of diverse economic sectors for the purpose of fighting climate change. Estimated $1.3 trillion since it is uncapped and built largely around unit subsidies.
That is a lot of money flowing to a lot of firms. Republicans like money going to businesses.
If that number is from the CBO it’s a 10 year estimate, not as big as it sounds.
And I don’t think you have to decide Morgan Stanley is Republicans and Republicans like money going to businesses…Republicans voted against the IRA so that’s probably incorrect. Morgan Stanley is a business and their customers are other businesses, that’s one explanation.
Or, the people working at Morgan Stanley are economists and the plan makes sense to economists so they praise it, that is another explanation.