Is it too much to ask that the “Inflation Reduction Act” of the Biden Regime actually accomplish what its name implies?
Evidently, that is too much to ask for.
The bait-and-switch tactic is no longer being attempted by Sen. Joe Manchin. Even though it was explicitly promised to do so, he is openly acknowledging that the left’s large spending legislation won’t “immediately” lower inflation.
Fox News reporter Hillary Vaughn questioned the West Virginia senator about whether the $740 billion bill misled Americans. According to her, many people are holding out hope that they would soon see decreases in the prices of common goods.
“Why would it?” Manchin asked and added, “Well, immediately it’s not… we’ve never [said] anything would happen immediately, like turn the switch on and off.”
As Manchin answered questions, he stated that while it will take some time to make the required investments to lower rates, many were anticipated to be made as soon as the legislation was passed.
“We’re fighting like the dickens. You got to produce yourself out of this… if you think that you’re going to wait on the Federal Reserve to raise rates, discourage you from buying anything (and) that’s going to take care of our inflation, that’s not how you take care of inflation,” Manchin said.
He acknowledged that the law wouldn’t result in any economic magic, but said it would save money in the long run over the next ten years.
“That’s not going to be overnight. They have incentives to do that, to help them,” Manchin said, adding, “Trust me, if you have something going bad in your home where you’re replacing it, and you have some assistance you’re thinking of, that might be of help.”
Therefore, you should not plan on making any large purchases in the near future. The billion-dollar spending blunder of the Biden Regime won’t slow down the nation’s inflation any time soon.