through hundreds of billions of dollars in contracts and hundreds of billions of dollars in reckless spending, and for what? for a so-called inflation bill that will not meaningfully reduce inflation at all? it will actually make inflation worse in the short term. at every term, there is a bit to the decades old talking point of calling our bill nothing but wasteful spending, conveniently ignoring that our bill in fact lowers the deficit and is completely paid for. keep in mind, as we watch this play out in the senate, that this effort to ease inflation and ramp up efforts to save our planet comes after a key indication that the economy is far from a recession. that is according to the economists. friday s job report shows that 528 jobs were added in july. the unemployment rate, 2.5%, hitting a 50 year low. let s go right to the hill where nbc s julie is tracking it minute by
climate change. i also mean midterms. if you are able to pass this, how does it change the dynamic going into november. i go back to who is on her side, and you can look in the last few weeks, forgetting about last year and a child tax credit and the pension fix last year, which was important to hundreds of thousands of union workers, what we have done in the last few weeks, the gun safety bill, a big jobs bill, to finally bring the supply chain back and united states by american, the vets bill named after an ohio school that will make sure that veterans finally get medical care for their exposure to the burn pits and what we do tonight. this has been an important month it is not just give momentum for the elections, that matters, but it shows people that the government is on their side, and that will play out not just this fall but play out next year, would increase seats in the house and senate. senator, as you have been
inflation, wall street, the drug companies and oil companies. john companies almost never lose here because republicans are all in the books. republicans are always up with the drug companies. oil companies really loose here and wall street rarely loses here. we are taking on all three of them successfully. it will reduce inflation, it will mean drug prices are better for medicare beneficiaries. it will mean that companies, executives that have done stock buybacks, in large part to juice the stock instead of taking those dollars and putting them into job creation or wages or expanding the business, by taxing it, it will force those companies to at least consider that and not choose the stock price. when all three other interest groups, this bill is moved forward in a way that will benefit the american public. senator, you reference the pushback from the right, but i want to talk about the pushback from your party. senator sanders has argued that this bill does, quote, nothing to addr
that working families across this country are facing today. you response? well, bernie wants to do more, of course we do, on democratic progressive s, there is almost always things you want to do. we passed a bill or go, there was more that we wanted to do, but we went on to duty bipartisan infrastructure bill, we passed the veterans bill against a pretty strong republican opposition. they ended up voting for it but making sure that hundreds of thousands of veterans will finally get medical care, if they have been exposed to those football field size burn pits in iraq or afghanistan. we ve done a lot of things, and we will move on to the next thing. but this is major progress in terms of climate, in terms of drug prices, and turns a stock buybacks, and time to make an economy better. on top of the 500,000 job announcement this week. there are a lot of good things happening. we have momentum. we will take the momentum into the fall and continue to do
no whining on the yacht, we will work all night, it is what we do during vote-a-rama. we will vote these amendments done because republicans, they want to start things, they want to kill this bill, just like they tried to kill the veterans bill. they tried to kill the jobs bill and ohio that will create tens of thousands of jobs. that is what they are doing. they don t want democrats or joe biden to get credit for anything, so they find reasons to oppose. that is fine, but we have 50 votes plus we had the vice president. we will move forward on this. i assume by this time tomorrow, i some roughly this time tomorrow, the bill will be ready to go back to the house and get to the president for a signature. no whining on the yacht, i think i will ask my team to make that a banner throughout tonight s vote-a-rama. speaking of the arts, your thoughts on the concessions that were made to senator sinema, essentially tax breaks favored by the private equity industry, u.s. manufacturing sector