Biden regrets naming the ‘Inflation Reduction Act’
Voltaire’s Wit and Biden’s Admission: The Inflation Reduction Act
Voltaire, the renowned philosopher, once humorously remarked that the Holy Roman Empire was neither holy, nor Roman, nor an empire. In a similar vein, President Joe Biden recently made a candid admission about the 2022 Inflation Reduction Act – it had nothing to do with reducing inflation.
According to Bloomberg, Biden made this revelation during a Thursday fundraiser in Park City, Utah. Reflecting on the name of the act, the president expressed regret, saying, “I wish I hadn’t called it that.”
Biden further explained that the act was more focused on generating economic growth and providing alternatives, rather than directly addressing inflation. This off-the-cuff remark is just one example of the president’s characteristic lack of restraint when speaking to donors.
President Biden can get a little more candid while speaking at fundraisers, and today’s in Park City was no exception.
Here are some examples.
— Chris Megerian (@ChrisMegerian) August 10, 2023
Biden’s occasional candor may inadvertently reveal some truth. However, throughout his career, the president has shown little inclination to recognize the truth even if he happens to speak it.
This Utah fundraiser was not the only instance where Biden mentioned the misnamed Inflation Reduction Act. In a fundraiser in New Mexico earlier in the week, the president revealed that the act had nothing to do with inflation, but surprisingly, it also had nothing to do with economic growth.
According to a White House transcript, Biden stated that the act was primarily focused on addressing climate change. He emphasized that it represented a significant investment in climate change, surpassing any other such investment in the world.
As we delve into the transcript of Biden’s remarks, it becomes evident that his speech meandered aimlessly, with his thoughts shifting from one subject to another. The transcript captures his verbal stumbles, unfinished words, and inexplicable transitions, leaving the impression of an unfocused mind.
So, whether the Inflation Reduction Act was intended to stimulate economic growth or serve as an environmental measure, it seems inconsequential. Perhaps, when it comes to deciphering Biden’s intentions, we should attach no meaning to anything he says.
Source: Biden Lets the Truth About the ‘Inflation Reduction Act’ Slip: ‘I Wish I Hadn’t Called It That’ (The Western Journal)
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