The Inflation Reduction Act is a lie. It doesn’t reduce inflation: it actually gooses it. The IRA is another inflationary leftist spending boondoggle that throws billions at green energy and $80 billion at the IRS to audit the middle class in the hopes of balancing out some of the crony cash.

A week after signing the IRA, Biden announced a trillion dollar loan bailout for his party’s base of perpetual grad students. Like the Inflation Reduction Act, this was a massive wealth transfer. Audit the middle class and send the checks to Tesla drivers and sociology grad students. Raise inflation rates with inflationary spending and transfer some of the wealth over to welfare voters.

That’s what the White House was really celebrating.

The Biden administration isn’t fighting inflation, it’s deliberately increasing it even as its cronies in the Federal Reserve hammer home new interest rate hikes to force the economy into a recession. This two-step dance destroys savings, wrecks investments and allows for a massive wealth transfer to Democrat donors, special interests and voters. The more that the Democrat majority spends, the worse inflation gets and the more justification there is for higher rates.

If a recession arrives, there’ll be even more justification for government wealth transfers.

“I’m kind of in a position that FDR was,” Biden modestly claimed. FDR’s position was to use the Soviet Union and Mussolini’s Italy as templates for dramatically transforming America through massive spending, socialist controls and crackdowns on conservative political opponents.

So far Biden has managed 2 out of 3.

The Biden administration is not here to “save the economy”…. The formula has always been really simple: create the crisis, worsen it, and then exploit it.

Honest socialists like Bernie Sanders would at least admit that they’re trying to replace the economy with socialism while pursuing massive wealth redistribution.

Biden is pretending that he’s a firefighter when, like FDR, he’s actually an arsonist in a big helmet and black boots. Inflation is one of the fires being fed to justify tighter government controls and interventions that reduce economic independence and redistribute wealth.

Devaluing money is the traditional tool of totalitarian leftist regimes. Runaway inflation provides them with a pretext for interventions such as wage and price controls, both of which were rolled out during COVID lockdowns on an unprecedented scale and still continue….

These trial runs involve government intervention creating artificial scarcity or higher prices by intervening in the production process, shutting down plants or oil and gas leases, and then stomping in to reshape the marketplace.

Anyone living under actual socialism can tell you that it can get much worse. And will.

When that happens, Biden will throw an even bigger party. And we’ll be the ones paying for it.

The Inflation Reduction Act is a lie. It doesn’t reduce inflation: it actually gooses it. The IRA is another inflationary leftist spending boondoggle that throws billions at green energy and $80 billion at the IRS to audit the middle class in the hopes of balancing out some of the crony cash.

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. It doesn’t reduce inflation: it actually gooses it. The IRA is another inflationary leftist spending boondoggle that throws billions at green energy and $80 billion at the IRS to audit the middle class in the hopes of balancing out some of the crony cash.