The corporate media was effusive in its praise for the Schumer-Manchin green energy bill, grossly mislabeled the Inflation Reduction Act (IRA). As history attests and the last two years of profligate federal spending confirmed once again, government spending increases inflation instead of reducing it. When was the last time Congress increased spending while simultaneously reducing inflation? I’m waiting for your answer.
As implausible as the inflation reduction staging of the Democrats’ pork-filled bill of special-interest fodder is, the claims being made about its effect on greenhouse gas emissions are pure fantasy. The media keep parroting the claims by Senate Democrats and the White House that this bill will reduce U.S. carbon dioxide emissions by 40 percent by 2030, less than seven-and-a-half years from now (long after Biden and most of those passing it have left office). The media has called this this bill a “breakthrough,” “astonishing,” and the “[b]iggest US Climate Legislation Ever.”
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