On the first anniversary of when he signed the Inflation Reduction Act, President Biden is running a campaign to tell Americans what the law has done. It might be almost impossible to do. A year after the 13-figure climate change bill was signed into law, the Job Creators Network says, “today’s price increases are happening on a much higher price base.”
“There’s nothing to be happy about on the anniversary of the Inflation Reduction Act. Since it was passed, prices for goods and services have gone up a lot,” the president and CEO of Job Creators Network said in a statement.
“The bold actions of the Federal Reserve have made the inflation rate slow down, but price rises today are happening on a much higher price base. Everyone struggles to pay their bills and sees these higher prices every day,” Ortiz said. “Because of this, their real income and quality of life go down. JCN’s SBIQ national poll of small companies found that by far the biggest worry of those polled was inflation. The IRA hasn’t done anything to make this problem easier for small businesses.”
Biden’s big spin machine for the $1.2 trillion Inflation Reduction Act got going earlier this week when the White House started sending out comments from people who said the law had helped them.
Even people who support Biden can’t say what the bill is or what it does.
“The IRA has directly contributed to inflation since it spends hundreds of billions of dollars on expensive renewable energy,” Ortiz said. “This administration is more focused on green energy than making sure people have enough money to pay for energy.”
In fact, 76 percent of Americans said in a recent AP study that Biden’s economy is “poor.”
He said, “One thing you can’t trick people about is how inflation affects their personal finances. Everyone can see that their bills are going up even faster than their pay, even if their pay has gone up. And that’s what we mean when we say that real wages are going down,” Breitbart Economics Editor John Carney said last month on Fox Business Network.
“They have gone down a lot lately because inflation has gone down. They aren’t going down as fast as they used to, but if you go all the way back to the beginning of the Biden administration, real wages have been going down for a record 21 months in a row. This is a record number of months that real wages have been going down.”
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