Welcome back to the dispatch podcast. I'm your host Sarah Isger joined by the fab for Jonah, Steve, and David. That's actually three, but I'm the fourth.

We've got plenty to talk about today. We have the new GDP numbers out. Is it a recession? Is it not?

And right before those numbers were announced a deal on the hill, Joe Manchin calling the White House to say he and Chuck Schumer have found a path forward.

And we'll talk a bit about what Joe Biden's strategy is right now. Plenty, as I said, to Manchin.

Let's dive right in. Steve, let's sort of go in chronological order here.

We had a huge announcement that there might be another pretty big piece of legislation coming down the pike.

Yeah, pretty big deal. I think virtually everybody assumes that the build back better Joe Biden domestic policy proposal for dead.

Joe Manchin seems to be uninterested. He did say that he was still open to talking, that he was still having conversations,

but virtually nobody believed him here into the score of Democrats in the Senate. They were openly criticizing him. Progressive activists were going after him.

Very few Democrats liked Joe Manchin over the past couple of weeks and then all of a sudden in what seems to be a Chuck Schumer broken promise.

Joe Manchin and Schumer announced this big package that they are calling an inflation reduction package, I think, somewhat questionably yesterday.

And Democrats celebrated Republicans were angry. Part of the reason Republicans were angry is because you had, I think, 17 Republicans who had agreed to vote for another bill.

Republicans in the Senate had agreed for another bill, the Chips Act, which would help industry, help the United States subsidize purchasing of chips.

And Republicans agreed to that vote. I think on the assumption promise that this build back better, this these spending packages weren't going to happen and then they happen anyway.

This is not Republicans for eager to point out to you the first time Chuck Schumer has gone back on his word.

He did this at the very beginning of the Trump administration on several Trump cabinet secretaries who were supposed to pass by Boyce Boat and then Schumer allowed objections, which, I think, really helped sort of poison relations even at a time when relations were already contentious.

So this is a big package, it's a big change. Republicans are angry. Democrats seem happy. Democrats don't have a huge margin in the house. So there's some, I think there is still some suspense as to whether it will pass the house, but I think there are reasons for Democrats to be optimistic this morning about it.

Jonah just substantively, Larry Summers who predicted that we would experience pretty high inflation, sort of no friend messaging wise of the Biden administration a year ago was part of convincing Joe mentioned that this actually, at least wasn't going to increase inflation compared to the help that it would be to the economy overall.

Substantively on the merits is this bill good or bad?

Yes. Look, I think a lot of the climate stuff is problematic in so far as even if we get all of the returns on it that we think we're that we're allegedly going to get the benefits in terms of the actual climate or decades out.

I don't think it's necessarily the right priorities right now it's much more of a political messaging thing even though the real ballers attached the expanding by my care all that I can't go full wonk on it without looking at it more closely but I was on CNN last night with Rokana when he was talking about all the things it was going to do and how great it was going to be for everything and everyone for all time throughout humanity.

It was skeptical and I remember skeptical I think what is more sort of interesting to me is that this is basically proof that Joe mentioned is not just like the decisive factor in the Senate but he really is at the center of American politics in a way that Joe Biden is not.

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