Biden’s Plans Won’t Stop Climate Change, Will Impoverish Americans
Heartland Author
October 13, 2022
By Jon Sanders
It was quite the spectacle. Pres. Joe Biden threw a White House lawn party September 13 to celebrate the “Inflation Reduction Act” (IRA). The timing deliberately coincided with the release of the new Consumer Price Index (CPI) numbers, the first since the ridiculously named Act passed four weeks prior. Those numbers showed that food prices had risen by 0.8 percent in the past month, as had medical services. They were tempered by a 10.6 percent decline in gasoline prices, but the overall 0.1 percent increase had overturned expectations of a monthly decline.
Over the past year, the CPI showed year-over-year inflation was at 8.3 percent, sustaining an intolerably high level not seen in four decades. Year-over-year core inflation was at 6.3 percent, also higher than expected.
“This bill cut costs for families, helped reduce inflation at the kitchen table, because that’s what they look at — how much are their monthly bills and how much do they have to pay out for their necessities,” the President said.
https://heartlanddailynews.com/2022/10/bidens-plans-wont-stop-climate-change-will-impoverish-americans/
