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.”
Joe Biden just STRAIGHT UP ADMITTED that the Inflation Reduction Act was a TOTAL SCAM that had NOTHING to do with reducing inflation!
Does Kamala Harris agree with this?
“We should’ve named it what it was!” pic.twitter.com/2WL7N1exN2
— Townhall.com (@townhallcom) September 5, 2024
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.
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