They’re Redistributing Wealth, Not Fighting Inflation
Frontpage Mag,
by
Daniel Greenfield
Original Article
Posted By: Hazymac,
9/18/2022 8:19:27 PM
Biden threw a party to celebrate the Inflation Reduction Act on the White House South Lawn even as the latest figures showed that core inflation has continued to rise. Grocery prices had the steepest increase since 1979. Rent prices shot up again and medical costs are escalating.
Even the most loyal media lapdogs could hardly stand this festival of lies. CNN cut away from Biden’s masque of red ink to show what was happening to the stock market. Reuters acidly headlined its coverage, “Biden celebrates ‘Inflation Reduction Act’ as food, rent prices climb”.
So what’s there to celebrate?
The Inflation Reduction Act is a lie.
Reply 1 - Posted by:
kono 9/18/2022 8:49:30 PM (No. 1281484)
Of course they're redistributing wealth. Nearly all the Democrats do in office is redistribute wealth, often into their own pockets...
49 people like this.
Reply 2 - Posted by:
Birddog 9/18/2022 8:58:54 PM (No. 1281488)
it was a renamed catchall reconciliation bill...that had 8 prior names that it couldn't pass both the house and senate under...Including "Build back Better", it never had anything to do with inflation
20 people like this.
Reply 3 - Posted by:
sw penn 9/18/2022 9:29:55 PM (No. 1281507)
It's not "redistribution",
unless "redistribution" means "theft".
28 people like this.
Reply 4 - Posted by:
stablemoney 9/18/2022 10:18:05 PM (No. 1281522)
The entirety of your income is being taken by Biden. Even with dividends and interest, your portfolio is shrinking, and the value of any cash or current earnings is shrinking by 15% per year.
20 people like this.
Reply 5 - Posted by:
wilarrbie 9/18/2022 10:57:13 PM (No. 1281538)
Trying to fill the insatiable maw of poverty, not with the gold of the wealthy - they are beyond the scope of government pickpockets. The easy marks are middle-class dupes who put their heads down and work hard and never complain. We do not have a second home on Marthas Vineyard, but we are the targets. They pat themselves on the back how helpful they are by making we middle-level taxpayers fork over our earned security to illegal interlopers. But get off their lawns in Chappaqua.
15 people like this.
Reply 6 - Posted by:
MDConservative 9/19/2022 12:04:52 AM (No. 1281569)
Politicians love to grease hands so theirs can be greased in return. Government today is "charity", and it uses progressive concepts to guide taxation. Of course, the "rich" never pay their fair share, while the poor are thought incapable of contributing toward civic expenses. The middle class always gets stiffed because it can be stiffed.
You know the definition of "rich"...the guy making a buck more than you do.
10 people like this.
Reply 7 - Posted by:
franq 9/19/2022 2:04:31 AM (No. 1281606)
Who am I going to believe, Zhoa or my lying Eyes? Loaf of French bread, had been 99 cents forever, now $2.29. DIL texted about the proverbial $7/pound butter. Transitory!
6 people like this.
Reply 8 - Posted by:
Clinger 9/19/2022 7:51:10 AM (No. 1281704)
After reading the headline before reading the article I was preparing to pounce and declare it's all about finding any means of implementing socialism but alas the article makes that clear. I will add that with the open border this is global socialism, asking the American wealth creators to support the entire globe while sharing in only an equal 1/7.57 billionth.
We are being prepared to accept our new life as subservient peasants where nobody can afford to load up the family truckster and heads off to Wallyworld.
5 people like this.
Reply 9 - Posted by:
TurtleDove 9/19/2022 8:01:34 AM (No. 1281715)
Inflation Reduction Act
CORRECTION: Inflation INDUCTION Act
5 people like this.
Reply 10 - Posted by:
Zigrid 9/19/2022 8:04:57 AM (No. 1281717)
The democrats have only one month left to grab as much taxpayer money as they can...so they can vacation on Martha's Vineyard along with king barrack...free of immigrant "trash" as they called the "intruders" on their special peace of earth...meant only for the ruling elite...not illegal aliens....
7 people like this.
Reply 11 - Posted by:
mc squared 9/19/2022 11:41:45 AM (No. 1281895)
I called it shortly after Obiden's inauguration. Catastrophes such as we've had in monetary, cultural, legal and enforcement spheres could not all be happenstance, nor misjudgement.
They are intentional and designed to cause as much pain as possible until we all cry 'socialism, we want socialism' And like it!
3 people like this.
Reply 12 - Posted by:
Kafka2 9/19/2022 11:55:37 AM (No. 1281902)
The only thing consistent about Democrats is, whatever they name their legislation, it will do the exact opposite of what the name implies. This should be called the Inflation Resurgence Act. Squandering "other-people's-money" on giveaway programs makes as much sense as using gasoline to put out a forest fire. The Federal Reserve's dinky garden hose doesn't stand against the trillion dollars of fuel this legislation adds to the inflation fire.
3 people like this.
Reply 13 - Posted by:
LC Chihuahua 9/19/2022 12:52:36 PM (No. 1281967)
They are spending money they do not have. End result: Inflation.
2 people like this.
Reply 14 - Posted by:
NotaBene 9/19/2022 1:11:00 PM (No. 1281990)
Democrat voters clamor gimme, gimme, gimme.
2 people like this.
Reply 15 - Posted by:
jasmine 9/19/2022 1:58:18 PM (No. 1282028)
With the arrival of asylum seekers on Martha's Vineyard (and their quick removal) I was reminded of Barack Obama's lecture to Joe the Plumber, who was told it's best for everyone when we (meaning politicians?) spread the wealth around.
The picture of Obama's Martha's Vineyard estate (one of his many luxury homes) provided some clarity. The owner of that beautiful estate once told Americans that at some point, "you've earned enough money." And now we have Americans losing their homes because they can't afford their mortgage payments, and families without enough food because inflation is eating their incomes. Hypocrisy on steroids.
3 people like this.
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