President Joe Biden said that his economic policies were going to alleviate the pressure of sky-high inflation crippling the wallets of everyday Americans.
Remember, he said that it would help drive down the cost of everyday essentials like groceries, gas, and even clothing.
His crowning jewel in the fight against inflation was the Inflation Reduction Act.
But as the majority of Americans are still waiting to see the impact of the bill, Biden finally admitted that it was never actually about inflation.
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
Biden stated, “Through my investments, [it’s] the most significant climate change law ever. And by the way, it is a $369 billion bill.” He continued by admitting, “It’s called the [Inflation Reduction Act]. We should have named it what it was.”
In layman’s terms? The Inflation Reduction Act was essentially a ruse.
The Inflation Reduction Act was initially pitched as a multifaceted legislative effort that would reduce inflation, lower prescription drug costs, invest in domestic energy production, and tackle climate change.
However, Biden’s on-camera remarks suggest that the bill’s primary focus has always been climate-related spending, which aligns with the $369 billion earmarked for clean energy investments, green jobs, and reducing carbon emissions.
This funding is the largest federal investment in climate change initiatives in U.S. history, supporting renewable energy projects, tax credits for electric vehicles, and other environmental initiatives.
Republicans have long criticized the bill’s name and questioned its ability to reduce inflation.
After Biden’s comments, expect then to Biden’s admission as validation of their claims that the act was misrepresented to the public.