<div>
<p>Speaking in Wisconsin on Thursday, President Joe Biden bragged about his spending for his climate change agenda while inadvertently admitting that his gigantically-priced “Inflation Reduction Act” was not really about reducing inflation.</p>
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<p>“I’m proud to announce that my investments, that through my investments, the most significant climate change law ever,” Biden <a href="https://www.whitehouse.gov/briefing-room/speeches-remarks/2024/09/05/remarks-by-president-biden-highlighting-how-his-investing-in-america-agenda-is-benefitting-communities-across-wisconsin-and-ensuring-americans-have-a-brighter-more-prosperous-future-westby-wi/">boasted</a>, then revealed that the Inflation Reduction Act title was simply a fig leaf for the real intent of the bill, continuing, ‘” And by the way, it is a $369 billion bill. It&#8217;s called the [Inflation Reduction Act]. We should have named it what it was.&#8221;</p>
<p>The bill was passed by Congress and signed into law by Biden in August 2022. In July 2023, Biden bragged on <a href="https://www.facebook.com/joebiden/posts/the-inflation-reduction-act-included-369-billion-the-biggest-investment-in-the-w/308347678436400/" target="_blank" rel="noopener">Facebook</a>, “The Inflation Reduction Act included $369 billion, the biggest investment in the world in climate change, and we got it done without a single Republican vote.”</p>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
<p lang="en" dir="ltr">In case you&#39;re wondering why gas &amp; groceries are still so expensive, Joe Biden just admitted the &#39;Inflation Reduction Act&#39; was never about inflation—just a Green New Steal slush fund. </p>
<p>Guess they woke him up too early from his nap. <a href="https://t.co/2N81qRmMwY">https://t.co/2N81qRmMwY</a></p>
<p>&mdash; Rep. Nancy Mace (@RepNancyMace) <a href="https://twitter.com/RepNancyMace/status/1831798114199724490?ref_src=twsrc%5Etfw">September 5, 2024</a></p></blockquote>
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<div>
<p>“We were sold under false pretense that spending more money we don’t have on federal programs we don’t need would somehow tame inflation,” Rep Jodey Arrington (R-TX) <a href="https://www.foxnews.com/opinion/its-been-two-miserable-years-since-biden-harris-inflation-reduction-act-its-worse-than-you-think" target="_blank" rel="noopener">wrote</a> in mid-August. “How does that work? It doesn’t. According to the Wharton School at the University of Pennsylvania,<span class="apple-converted-space"><i> </i></span>the IRA had a statistically insignificant impact on inflation and may have even exacerbated it<em>.”</em><b><i></i></b></p>
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<p>House<span class="apple-converted-space"> </span>Energy<span class="apple-converted-space"> </span>and<span class="apple-converted-space"> </span>Commerce<span class="apple-converted-space"> </span>Committee<span class="apple-converted-space"> Chair Cathy McMorris </span>Rodgers<span class="apple-converted-space"> (R-WA) <a href="https://energycommerce.house.gov/posts/one-year-later-even-president-biden-admits-the-inflation-reduction-act-failed-to-lower-costs-for-americans" target="_blank" rel="noopener">noted</a> </span><span class="apple-converted-space">in August 2023, one year after the Inflation Reduction Act was passed, that since the start of the Biden-Harris administration, the cost of groceries had soared roughly 20%, gas prices were up almost 62%, natural gas prices had risen over 40%, and the Congressional Budget Office expected the launch prices of drugs to increase.</span></p>
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<p><span class="apple-converted-space">This week, Rodgers, and Energy, Climate, and Grid Security Subcommittee Chair Jeff Duncan (R-SC) announced they would hold a hearing titled “From Gas to Groceries: Americans Pay the Price of the Biden-Harris Energy Agenda.” </span></p>
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<div>
<p>“Clean, affordable, and reliable energy is foundational to the continued prosperity of the American people. Yet, the Biden-Harris administration’s radical, rush-to-green agenda has undermined our energy security, leading to years of out-of-control inflation and higher prices on everything from food to housing to vehicles and more,” Rodgers and Duncan <a href="https://energycommerce.house.gov/posts/chairs-rodgers-and-duncan-announce-hearing-to-discuss-biden-harris-administration-s-rush-to-green-agenda-resulting-in-higher-energy-costs-for-the-american-people">said.</a> “Energy and Commerce Republicans are leading to expose the consequences of those harmful policies and to advance policies that unleash American energy.”</p>
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OOPS: Biden Admits His $369 Billion Inflation Reduction Act Wasn’t About Inflation

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OOPS: Biden Admits His $369 Billion Inflation Reduction Act Wasn’t About Inflation