Yesterday President Joe Biden admitted in a speech that the roughly $700 billion Inflation Reduction Act, $369 billion of which was for green energy initiatives, was incorrectly named and should have reflected his climate investments instead.

At an event in Westby, Wisconsin, touting the achievements of Bidenomics, the President called the Inflation Reduction Act “the most significant climate change law ever,” adding, “by the way, it is a $369 billion bill, it’s called the–we we we should’ve named it what it was.”

https://www.youtube.com/watch?v=kCVl9Qou9_E

In a post on the White House website, the Biden administration said of the Inflation Reduction Act:

“On August 16, 2022, President Biden signed the Inflation Reduction Act into law, marking the most significant action Congress has taken on clean energy and climate change in the nation’s history. With the stroke of his pen, the President redefined American leadership in confronting the existential threat of the climate crisis and set forth a new era of American innovation and ingenuity to lower consumer costs and drive the global clean energy economy forward.”


AUTHOR COMMENTARY

Spending money we don’t have, and turning on the money printer, does not reduce inflation. DUH! But, in a typical Biden gaff, he once again said what we already knew from the beginning;

Ecclesiastes 10:3 Yea also, when he that is a fool walketh by the way, his wisdom faileth him, and he saith to every one that he is a fool. [14] A fool also is full of words: a man cannot tell what shall be; and what shall be after him, who can tell him?

Even then, as I have detailed, while Biden and Harris and the Democrats are out running around pretending they are investing in green initiatives and sticking it to ‘big oil,’ oil and LNG profits and production tripled under his tenure; proving that he, and Trump and the GOP, are just hypocrites and liars, lying about readily verifiable facts that disprove them both.

The Big Oil Lie: How Oil Profits Tripled Under Biden, But Both Parties Refuse To Acknowledge Them As Trump Promises To ‘Drill, Baby, Drill.’ *Update*


[7] Who goeth a warfare any time at his own charges? who planteth a vineyard, and eateth not of the fruit thereof? or who feedeth a flock, and eateth not of the milk of the flock? [8] Say I these things as a man? or saith not the law the same also? [9] For it is written in the law of Moses, Thou shalt not muzzle the mouth of the ox that treadeth out the corn. Doth God take care for oxen? [10] Or saith he it altogether for our sakes? For our sakes, no doubt, this is written: that he that ploweth should plow in hope; and that he that thresheth in hope should be partaker of his hope. (1 Corinthians 9:7-10).

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