The IRA’s Two-Year Disastrous Anniversary(Inflation Reduction Act)

Real Clear Policy ^ | 08/15/2024 | Tim Chapman

[Kid Shelleen]

As we mark the two-year anniversary of the Inflation Reduction Act (IRA), it’s hard to pinpoint what exactly has been reduced. Inflation continues to strain American families by an extra $1,000 per month, and the burden of government regulation on businesses has certainly not eased, as they struggle under new tax rates, mandates, and rising supply costs.

The $750 billion health care, tax, and climate bill, hailed by President Biden as “one of the most significant laws in our history,” has proven to be a fiscal disaster. The American people are learning the hard way that the IRA was never truly about reducing inflation; it was a massive spending package filled with radical left-wing wish list items that placed the United States in the worst economic position in the history of our country.

[Kid Shelleen]

* Electricity prices have skyrocketed by 30% since 2021
* Gas prices have more than doubled since Biden took office.
* Inflation continues to strain American families by an extra $1,000 per month
* Goldman Sachs now estimates that taxpayers will shell out a staggering $1.2 trillion—over three times the initial prediction—to fund the IRA’s war on the U.S. energy sector.
* Medicare Part D premiums have risen by over 20%

[TornadoAlley3]

If it was successful Kamala wouldn't give a speech to roll out price controls on Walmart.

She could run on her record. Bidenomics. Harrisomics. Both failures. Will never work.

But be joyful in your poverty. Ya know she was a prosecutor.

[Kid Shelleen]

It’s funny how the corporations suddenly became greedy after the IRA passed into law.

[Bon of Babble]

“Harris cast the tie-breaking vote in the Senate for the $1.9 trillion stimulus package in February 2021 before it was sent over to the House of Representatives and passed.

Following the passage of the stimulus package, inflation increased significantly.

The U.S. inflation rate was 1.4% in 2020, then jumped to 7% in 2021. President Biden repeatedly said he ‘inherited’ a 9% inflation rate, which CNN called false.

According to a Pew Research Center poll from May, 62% of U.S. adults said that inflation was “a very big problem for the country.”

All anyone has to do is look at their grocery bill, utility bill, prices at the gas pump to know inflation has increased prices by 20-30% since Biden took office.

Yet idiots will vote for more of same.

[Organic Panic]

You should see the cost for my supplies in the fabrication shop. Steel, aluminum, carbide cutters, welding gasses.

And that’s after a 90% drop in business thanks to Chomo Joe’s excellent economic policies. BUT KAMALA will fix it.... She’s the newcomer....

[BiteYourSelf]

The chow mein noodles I used to buy for a dollar before Biden inflation are now $1.50.
A 50% increase.🙄