Most Americans want what’s in the Inflation Reduction Act. GOP politicians just don’t care

The OP is disinformation, this bill doubles the IRS, and is filled with inflationary graft.

Progressive pro-tip from Jayapal: Inflation's just a "theoretical word that economists use"

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As "the House passed the so-called Inflation Reduction Act, progressive caucus chair Rep. Pramila Jayapal (D-WA) tried explaining that inflation was nothing more than an academic theoretical construct."

The deadly combo of ignorance and authority.

"Voters don’t care about inflation, Jayapal explained. They just want prices to stop going up. Er …."

"How profound, Ms. Wizard! Golly, if only there were a word for the “up” of costs, especially when the “up” is at a significantly accelerated rate. What word might that be? Why, it’s right on the tip of my tongue …"

We've see a lot of those "up" prices over the last 17 months since Joe Biden signed the inflationary "stimulus bill in March 2021. Inflation has run above 4% since the first full month after Congress passed that massive spending bill under reconciliation, and has gone on so long that it’s lapped itself. We are now seeing high inflation over comparative data from last year where inflation was already running high, which makes all of these year-on-year numbers worse than even they look here."

Compounding Inflation:



Folks know, and feel, what is happening to their personal financial situations:

"For the last five quarters — again, going back to Biden and Democrats’ last big-spending bill — Americans’ real disposable income has declined, which is also a comparative and compounding disaster when it comes to personal “budgets”':

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"Every data point below zero is lost ground from the data point preceding it. Five straight negative quarters adds up to a large loss in buying power in this inflationary wave."

The '“Inflation Reduction Act” does nothing for inflation. It does, however, spend lots of money on progressive hobby-horse agenda items, although not nearly as much as Jayapal demanded over the past year. She’s not interested in the “up-or-down of costs”; Jayapal’s only interested in getting more taxpayer funding for her pet causes. And, of course, she wanted to double the size of the IRS to wring every last dollar possible from the same people who worry a lot more about the “up-or-down of costs” under the governance of progressives.'

86 days.

 

The damned name of the think is pandering to Americans who's number one concern is inflation and the Inflation Reduction Act was named so to address that, even though it actually increases inflation. It's a big lie. As usual, the left's priorities lean with their progressive policies, not reducing the number one concern of Americans.