we re going to be putting money in their pockets. we re talking about 20 million kids that will be in childcare now as a result of build back better that weren t before. another 6 million that will be in universal pre-k that weren t before. this is all good news for america. and we keep we talk big about taking care of our children, it s all about our kids, but when it comes to putting dollars on the line for our kids, not so much. we average about $500 per child in this country. you compare us to the european countries and it s about $14,000. i hear you. i feel like even the childcare parts are going to take time to set up, though. when i talk to joe manchin, he s worried about the inflation part now. i want to set that aside and ask you about your party s chances in this midterm. you re not running for reelection. i m wonder if you think as many people would be headed to the exits as it appears to be among democrats including several of your party s chairmen if the political envi
talking about this being a job creation bill. we have 11 million jobs unfilled out there in the economy and we don t have the labor force to attack those. are we so worried about creating new jobs on top of those? it s not a big concern. the inflation part is. another concern obviously, brandon, are the taxes and all of the different tax gimmicks that they come up with. what do you think of the latest ones that apparently they say will mean that this bill cost nothing and has zero costs to the american public? i think it s absolutely ridiculous. it s fantasy land math to say that it cost nothing. when you like at irs expenditure, $400 billion in additional tax revenue, cbo, the congressional budget office said it s ridiculous. they said it s $200 billion. so they re doubling the amount of expected revenue here. they re making up numbers. all manchin is asking for, give him credit, to actually see how much these provisions cost. let s see what the bill costs
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now, i almost want to make a selfie of it every day because of my lifetime. so it is going to move one way or the other. you and i have talked about the gravity of policies. trish: here s what happens if policies don t get passed. this is what i call an hourglass economy. an hourglass. he got the top up here. they have benefited in writing stock prices, they benefited from inflation part of the bottom down here, they have benefited from an increase in program. it s the middle. the middle class that is feeling the squeeze and they need help. harris: $1.5 trillion will add to the federal deficit over the next ten years. juan: that s a problem for republicans. harris: republicans say they have the vote. trish: former president obama back on the campaign trail. he is saying our democracy is at stake. and people should reject the politics of division and fear. whether this will serve democrats well or is it time for a better message.
better. i want to get back to something heather said in this regard, which is and you started out this way. whose economy is it? it s not that the stock market doesn t matter to middle income people. there s a lot of pensioners and 401(k)s in there. i get is that. but the movements in the market are way overemphasized relative to what really drives middle income prosperity, which has a lot to got kinds of things the president has been talking about lately, largely the job market, and there you get into two critical things the fed does. one we talked about. the trade-off between unemployment and inflation. heather said this very well. to the extent you emphasize the unemployment part of that versus the inflation part you really are targeting middle and lower income people. that s important. we need the next fed chair to do that. and secondly the overside part. remember, if the federal reserve oversight had been a ton better than it, they were really asleep at the switch, we wouldn t h