AAA is reporting nearly a $.50 increase in gas prices in one week in South Carolina and Georgia. Both states are nearing record high prices, and drivers are having to pay the price for the rising cost.
Tunnel on those issues too. the gas price spike is likely temporary. the biden administration is trying to hasten its end by releasing 50 million barrels of oil from the strategic petroleum reserve, and they re working on the snags with shipping. meanwhile, democrats in congress have never sounded more confident that they will pass some version of the president s build back better legislation, which they believe will add to the economic boost they already expect from the big infrastructure bill the president signed last week. and just today, we got a big helping of good thanksgiving eve economic news. this week s jobless claims by people who are newly unemployed are the lowest that they have been, not just since the pandemic started. they are the lowest they have been in the last 50 years, all of which means that as we head toward the end of the year, democrats potentially have the ingredients to make an effective
Congressional committee made a mistake and they had to issue a correction. the new corrected analysis shows the build back better package would raise taxes on millionaires by about 3 percentage points. and you may or may not think that s good policy. but polls show that it s very popular policy. and for democrats, this corrected analysis removes what briefly looked like a looming political disaster. not every hurdle the white house and democrat and congress are facing can be chalked up to an erroneous report. inflation and gas prices are real problems that americans are feeling right now. but in an address to the nation this week, joe biden stressed there is light at the end of the tunnel on those issues, too. the gas price spike is likely temporary. the biden administration is trying to hasten its end by releasing 50 million barrels of oiltegic reserve.
Attack. at now after attacking each other with the tax cut it was another thing that would torpedoed the bill. but it turns out that the congressional committee made a mistake. they have to issue a correction. their new corrected analysis shows that the build back better package would raise taxes on millionaires by about three percentage point. and you may or may not think that that is good policy. but polls show that it s very popular policy. and for democrats, this corrected analysis removes or briefly looked like a looming political disaster. now obviously not every hurdle in the democrats, and hurdles, are feeding right now could be chalked up to an ronny s report. inflation in certain sectors, supply chain issues, high gas prices, they are real problems. don t let anyone tell you otherwise. real problems that americans are feeling in their pocketbooks right now. but in an address to the nation this week, president biden stressed that there is light at the end of the tunnel on thos