The ‘Inflation Reduction Act’ Is A
Lie, Pure And Simple
Posted By: RockyTCB, 7/31/2022 6:03:24 AM
If Democratic lawmakers had to comply with federal truth-in-advertising laws, they’d all be up on charges for the blatantly false name given to the “Inflation Reduction Act.” President Joe Biden claimed last week that “this bill will, in fact, reduce inflationary pressure on the economy.” In fact, it won’t. It was never meant to. The University of Pennsylvania’s Wharton School examined the bill. Here’s what it concluded. “The impact on inflation is statistically indistinguishable from zero.” Worse, “the Act would very slightly increase inflation until 2024 and decrease inflation thereafter.” In other words,
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Among President Joe Biden’s main promises upon entering office in early 2021 was that he would unite Americans and end the divisiveness that plagues our politics. His first inaugural address, which he titled “America United,” was largely dedicated to the idea. But as the latest I&I/TIPP Poll shows, despite the laudable intent, it’s yet another failure on Biden’s part, perhaps the most serious one of all.
Revisiting his inaugural speech, Biden had stirring words about the idea of bringing Americans back together, even amid profound political disagreements:
“We can join forces, stop the shouting and lower the temperature. For without unity there is no peace,
"If elections are conducted outside of the law, the people have not conferred their consent on the government. Such elections are unlawful, and their results are illegitimate.” — Justice Rebecca Grassl Bradley, writing for the Wisconsin Supreme Court majority in Teigen v. Wisconsin Elections Commission
A court of law has finally confirmed it: The 2020 election was “illegitimate.” And all the demands for sufficient evidence of voter fraud to reverse the outcome were a red herring.
The truly dispositive factor, as stated by a Republican Wisconsin state legislator
In retaliation for a series of setbacks in the European courts, the fundamentalist Iranian regime has been accused of instigating terrorist threats to attack an annual rally of anti-regime dissidents and their supporters in Albania, leading to the postponement of the event on security grounds.
The rally was scheduled to take place over the weekend of 23 and 24 July in Ashraf 3, headquarters of the People’s Mojahedin of Iran/ Mojahedin-e Khalq (PMOI/MEK). In January 2020 Albania’s Prime Minister Edi Rama expelled the Iranian ambassador and his first secretary for planning a terrorist bomb attack on the PMOI/MEK.
If Democratic lawmakers had to comply with federal truth-in-advertising laws, they’d all be up on charges for the blatantly false name given to the “Inflation Reduction Act.”
President Joe Biden claimed last week that “this bill will, in fact, reduce inflationary pressure on the economy.” In fact, it won’t. It was never meant to.
The University of Pennsylvania’s Wharton School examined the bill. Here’s what it concluded.
“The impact on inflation is statistically indistinguishable from zero.” Worse, “the Act would very slightly increase inflation until 2024 and decrease inflation thereafter.”
In other words,
"For the first time in a decade, our economy is in recession. It’s not official yet – the group that dates recessions doesn’t act until after the fact – but there’s little doubt that we’re in the midst of a downturn.”
That was economist Jared Bernstein back in December 2001. [snip] That year saw only two non-consecutive quarters of GDP decline. The unemployment rate never got over 5.7%. And when the year was over, GDP had climbed 1%. But it’s still listed on the recession roster.
Today Bernstein, who sits on President Joe Biden’s Council of Economic Advisers, is trying to argue
Health care costs in the U.S. are too high. We all agree on that. But it’s important to define the word “high” and put costs in proper context. [snip] Health spending is always measured as a percentage of GDP to show how the U.S. spends “too much” on health care. But the following graph puts health care spending in better context: This graph, developed by blogger Random Critical Analysis, explains U.S. health care spending better than any other. It shows spending is appropriate when compared to household disposable income (HDI). Health care spending in the U.S. as a percentage of HDI is reasonable, as the shaded area shows.
‘We’re going to build a different future with one — one with clean energy, good-paying jobs.”
That was President Joe Biden talking about the climate “crisis” and how it “is literally an existential threat to our nation and to the world.”
Right about the time Biden was giving this speech, the World Economic Forum painted a picture of what Biden’s future would look like.
Suffice it to say, if you like socialism, you’ll love it. Because it involves a radical transformation of our economy that brings the end of private ownership of things like cars, phones, laptops, and other electronic devices.
The news these days for President Joe Biden and his errant son Hunter is almost all bad. As the Justice Department investigates Hunter Biden for tax and weapons charges, it’s become increasingly obvious over the years that Joe Biden has far more to answer for than Hunter does. The headlines haven’t been kind to the Biden White House of late: “Hunter Biden payments to Eastern European escort ring were flagged by bank: Report,” “Hunter Biden laptop shows dozens of meetings with dad, business partners,” “Overwhelming Evidence: Joe Biden Lied, Had Dozens of Meetings with Hunter Biden’s Business Partner,” CORRECTION*
Much has been written and said by some writers, politicians, and journalists about “fake news,” that is, news reports that have been deliberately distorted or are outright lies done for the sake of a particular ideology.
Ever since Donald Trump announced his candidacy, I have collected hundreds and hundreds of instances of fake news in print, television, and the internet. But almost nothing has been said or written about “news blackout,” that is, the deliberate, coordinated effort to exclude certain news events, or opinions, that contradict the journalist hivemind ideology. Though specific instances have been occasionally pointed out,
Joe Biden’s presidency has foundered as gasoline prices have soared, with readings in numerous polls showing record or near-record low favorability. Biden’s climate change policies, which many blame for the sudden surge in fuel costs, are now highly unpopular among average Americans, a new I&I/TIPP Poll shows.
For our online July I&I/TIPP Poll, taken from July 6-9, we asked 1,643 adults across America to consider the following statement: “President Biden has said that record-high gasoline and electricity prices are necessary for meeting his goal of eliminating fossil fuels in the U.S. to fight climate change.”
President Joe Biden thinks it’s important to decouple America from its reliance on fossil fuels. Most of America disagrees, yet he keeps pushing for the adoption of renewables to replace the energy that comes from traditional sources like petroleum and natural gas. That’s why we’ve seen the price we pay at the pump spike so high. Not that the green energy crowd is much bothered by that. To them, the decline in the consumption of fossil fuels reduces the production of greenhouse gasses, which is music to their ears. Yet while they call the tune, we pay the piper.
Remember back when the left kept yapping about how President Donald Trump secretly wanted to be a dictator, based on nothing but fearmongering?
Now, these same people are urging President Joe Biden to ignore Congress and the Supreme Court and enact sweeping powers over the country. In other words, to be a dictator.
Their reason? The weather.
Seriously.
Democrats are using the latest heat wave to push Biden to declare a climate “emergency” so he can bypass the legislative branch. Biden is reportedly considering doing just that.
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FBI, Director Christopher Wray are in
for a rude wake-up call over Hunter Biden investigation 45 replies
for a rude wake-up call over Hunter Biden investigation 45 replies
FBI Director Christopher Wray always seems a little too pleased with himself. But on Thursday the smirk may be wiped off his pretty face when Republican members of the House oversight committee start grilling him on the mounting evidence that something is very rotten inside the agency Wray runs. Top of the list is the curious question of why the FBI apparently did nothing with Hunter Biden’s laptop, which was handed to two agents on Dec. 9, 2019, by John Paul Mac Isaac, the alarmed owner of the computer repair shop near the Biden family homes in Greenville, Del., where Hunter had dropped off his MacBook eight months earlier. CORRECTION*
The United States killed Al-Qaeda leader Ayman Al-Zawahri in a drone strike over the weekend, three people briefed on the operation told POLITICO.
The strike was conducted by the CIA, according to two of the people, with one saying it took place in Kabul. Al-Zawahri was an Egyptian who took over Al-Qaeda after the U.S. killed its longtime leader, Osama bin Laden, in 2011.
He never achieved the household name status of his predecessor, but Al-Zawahri’s killing is nonetheless a major win for the United States in the ongoing struggle against Islamist terrorism, especially as the United Nations warns that the terrorist group is outpacing its peers
Dem pundit calls Herschel Walker dumb
& obedient: ‘That’s what Republicans
want from their negroes’ 33 replies
& obedient: ‘That’s what Republicans
want from their negroes’ 33 replies
One of MSNBC’s resident bigots has alleged that the only reason Republicans like Georgia Senate candidate Herschel Walker is because he does “what he’s told” and that’s what Republicans want “from their negroes.”
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The Chinese People's Liberation Army has issued another warning to Nancy Pelosi ahead of her expected trip to Taiwan with a video simulating a missile strike, aircraft carriers advancing and fighter jets in formation - and a stern warning from state media.
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Chinese state media personality Hu Xijin also issued a grim message to the top Democrat: 'Let her go to Taiwan. But pray before departure:
Three suspects, accused of beating 17-year-old Ethan Liming of Akron, Ohio to death, have avoided murder charges in a grand jury indictment.
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Oregon’s Portland Public Schools is defending its decision to teach kindergarteners that boys can have vulvas and girls can have penises in a PowerPoint presentation on transgenderism shared by conservatives on social media. The school district is using a grade-by-grade curriculum to teach children starting at age 5 about transgenderism, sexual orientation and the role of “white colonizers” in marginalizing LGBTQ+ people, according to presentation slides that conservative Manhattan Institute fellow Christopher Rufo posted on Twitter last week.(Snip)“We make certain that our curriculum is LGBTQ+ inclusive for students who identify as transgender, gender non-conforming, gender-queer, and queer to create a safe and inclusive environment
On Monday, the Biden administration announced that it would be sending another round of support worth $550 million to Ukraine to help the war-torn nation defeat Russian President Vladimir Putin.
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GEICO closes California insurance offices,
lays off hundreds. State is ‘monitoring’ situation 22 replies
lays off hundreds. State is ‘monitoring’ situation 22 replies
GEICO has closed all of its 38 California agent offices that sell auto and homeowners policies and other lines and has also ended the practice of selling insurance through telephone agents in the state. Three offices in Sacramento, one in Roseville, three in Fresno and one in Modesto were among offices that have closed in the last few days. The closures are resulting in more than 35 layoffs in the Sacramento area and hundreds statewide.The GEICO office in Roseville only opened in July 2021. GEICO put out a press release at the time saying it would meet the insurance needs
Actor Kevin Costner, who backed Pete Buttigieg during the 2020 Democrat primary, has thrown his star power behind Rep. Liz Cheney as she faces an increasingly uphill battle in the Republican Wyoming primary.
“Real men put country over party,” Liz Cheney said in a Twitter post on Monday as she shared a photo of Kevin Costner wearing an “I’m for Liz Cheney” T-shirt.(Tweet) Even with the Yellowstone star’s endorsement, the former vice president’s daughter has a long way to go if she hopes to win the Republican primary against her opponent Harriet Hageman, who holds a commanding lead of 52 percent over Cheney’s embarrassing 30 percent.
Rep. Peter Meijer, a Republican representing Michigan’s 3rd district, is currently locked in a fierce primary battle with former Trump official John Gibbs. What makes the race newsworthy, though, is the fact that Meijer voted to impeach Donald Trump in January of 2021, and that has led to some very interesting dynamics in the race. (snip) “I am the only freshman in history to impeach a president of his own party” he proclaims, making me wonder if he would like a cookie.
Joe Rogan thinks that convicted pedophile Jeffrey Epstein may have been an agent of either the CIA or Israel’s Mossad who was part of a plot to collect sensitive information about the rich and powerful. (Snip) — it was an intelligence operation. They were bringing in people and compromising them.”
“And then when they would compromise them, they would use, you know, whatever they had on them to influence their opinions and the way they expressed those opinions,” Rogan added. “And I don’t know why they would want to do that with scientists, which is really strange to me.”