by Gary Ray at Resist the Mainstream
Vindicated today are those who were labeled conspiracy theorists for claiming that President Joe Biden’s so-called Inflation Reduction Act would not reduce inflation and was, in fact, a cover to fund a variety of green energy initiatives before the anticipated “red wave” sweeps Democrats from controlling the House and Senate in November.
The $739 billion spending package, known as the Inflation Reduction Act, was signed into law by President Biden on Aug. 16 amid DNC claims the Act would reduce inflation and help the economy.
“White House officials’ own rosiest, best-case-scenario spin is that their ‘Inflation Reduction Act’ will have taken one third of one percentage point off inflation by nine years from now… And keep in mind, this is obviously the best number they could come up with.”
Many economists predict the legislation will have a significant negative impact on our economy.
On Wednesday, an admission as to the real focus of the bill came from an unlikely source — a party representative who helped push the bill through.