'President Joe Biden wants you to know that he deeply regrets manipulating the public to pass a climate bill under the guise of fighting inflation at a time when inflation was running rampant.' -ZacharyFaria
Biden regrets naming his big-spending climate bill the Inflation Reduction Act because “it has less to do with reducing inflation than it does to do with dealing with providing for alternatives that generate economic growth.” In other words, he wants you to stop talking about how the Inflation Reduction Act ended up making inflation worse because the bill was never really about inflation in the first place.
In August 2022, inflation was the top issue on the mind of most of the country. Therefore, Biden and Democrats saw an opportunity to pass $430 billion in climate and healthcare spending by claiming it would reduce inflation, which was so clearly false at the time that even spend-happy Sen. Bernie Sanders admitted it would “have a minimal impact on inflation.”
This was all clear at the time. Legacy media immediately touted it as a climate and health bill after it was passed, with inflation suddenly becoming an afterthought for the “Inflation Reduction Act.” Biden took a victory lap for passing the bill in September as inflation continued to worsen. And now we know that the estimated spending for the climate components of the bill has ballooned from $369 billion over 10 years to over $1 trillion.
Now, people are still wrestling with the effects of inflation that the “Inflation Reduction Act” has failed to quell, and Biden just wants to move on. Sure, Biden essentially lied to the country by claiming the bill would reduce inflation when he knew all along that it was about climate and healthcare spending. Yes, he was capitalizing on the biggest concern people had by painting his spending priorities as a solution to that concern when he knew it wasn’t true. But hey, he regrets purposefully deceiving you now that all that spending has been passed.
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