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Biden Admits to False Advertising

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President Joe Biden makes remarks to the press regarding COVID-19 on Tuesday, April 27, 2021, on the North Grounds of the White House. (Official White House Photo by Cameron Smith)

Joe Biden has finally admitted to what everyone who was paying attention already knew. The so-called “Inflation Reduction Act” had nothing to do with inflation and everything to do with making Biden’s “Green New Deal” palatable to Americans looking for relief at the gas pump and grocery stores. While Americans suffered to buy the essentials, the Biden-Harris administration pushed through their radical climate agenda to reward favored “green” industries and special interests, all the while telling Americans the actions would reduce inflation. Nick Gilbertson of Breitbart reports on Biden’s recent admission:

President Joe Biden on Thursday admitted that the $700 billion Inflation Reduction Act, which did not reduce inflation and included $369 billion for green energy initiatives, was wrongly named.

Biden’s remark came at an event in Westby, Wisconsin, where he was touting his Bidenomics investments. He called the Inflation Reduction Act “the most significant climate change law ever,” adding, “by the way, it is a $369 billion bill, it’s called the–we we we should’ve named it what it was.”

The Penn Wharton Budget Model found the bill would drop inflation by .1 percent over five years, and the Congressional Budget Office’s (CBO) analysis was similar.

Instead, the bill, which is a scaled-down version of the failed Build Back Better Act legislation, is “the single most significant legislation to combat climate change in our nation’s history,” as the Biden-Harris Department of Treasury touted in a release in November 2022.

Action Line: Your Survival Guy regularly encourages you to escape politicians who use your money to pursue their own political agendas. At the state level, you can do that by beginning a search for a better America with my 2024 Super States. But at the federal level, there’s no easy escape. The only solution is to change leadership. Click here to subscribe to my free monthly Survive & Thrive letter.

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E.J. Smith - Your Survival Guy

E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West (RIP JB) and Paris. Please get in touch with E.J. at ejsmith@yoursurvivalguy.com To sign up for my free monthly Survive & Thrive letter, click here.

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