Well, howdy there, Internet people, it's Bell again.

So today, we're going to talk about MAGA, Trump, and Fiscal Hawks.

So recently, we went over how the Fiscal Hawks in the Senate are preparing to change the budget reconciliation package.

It's led to a lot of questions, and we have to dive into the legislative

process and how it really works beyond bumper stickers slogans. A lot of people are focused on

looking at it through the lens of it passing or failing, or they're looking at it through

the lens of good guys and bad guys, or Democratic Party versus Republican Party.

None of those are the right lenses to really understand what's going on.

Can the Democratic Party somehow win here?

Sure, but only by default.

If the various factions within the Republican Party fail to come to an agreement,

the whole package can fall apart and fail to pass. But the odds of that total failure are pretty

slim. Not impossible, but it's not likely. Think back to the car dealership analogy. The goal of the

salesman is to get something signed.

Democratic Party wins will occur not at a vote, but with procedural things and campaigning later.

Birdbathing things will be Democratic Party wins. Looking at it through the lens of passing and failing isn't great either, because the package

that came out of the House is horrible for both the working class and the U.S. financial system.

If that passes, it's bad for both. The fiscal hawks could rewrite it in the Senate, and it just

be bad for the working class or just be bad for the working class or just

be bad for the financial system.

Or they could actually throw out a bill that doesn't extend the tax cuts for the wealthy

and therefore doesn't need the deep social safety net cuts.

...