60 billion dollar hit to the US economy over the next three quarters according to Goldman Sachs due to Manchin’s games.
https://www.msn.com/en-in/money/news/joe-manchin-is-costing-the-us-economy-dollar60-billion-by-tanking-build-back-better-goldman-sachs-says/amp/ar-AAS0206
Economists are already forecasting what a BBB-free economy will look like, and early projections are gloomy. Goldman Sachs economists led by Jan Hatzius now expect US GDP to grow 2% in the first quarter, 3% in the second quarter, and 2.75% in the third quarter, according to estimates published Monday. Those projections are down from 3%, 3.5%, and 3%, respectively.
If the revisions ring true, the difference in growth should add up to roughly $60 billion in economic losses over the next three quarters. Insider calculated the sum by taking the US's annualized GDP growth rate and calculating the differences in Goldman's prior and updated expansion forecasts.