The Briefing Room
General Category => Politics/Government => Topic started by: mystery-ak on August 15, 2022, 08:39:49 pm
-
The Big Lie Failed: Just 12% of Americans Think the Inflation Reduction Act Will Reduce Inflation
John Carney 15 Aug 2022
The Democrats named their tax and spending bill the Inflation Reduction Act, but Americans are not buying it.
The law was hastily thrown together after Senator Joe Manchin (D-WV) struck a deal with Majority Leader Chuck Schumer (D-NY) to vote for a bill that would increase spending by hundreds of billions of dollars and increase taxes by even more. Although both the Congressional Budget Office and the Penn-Wharton Budget Model say the bill will do next to nothing for inflation, Democrats have been bragging that the bill is already working.
Polling from the Economist and YouGov indicates that the American public does not believe the bill will bring down inflation.
Just 12 percent of Americans say the bill will reduce inflation. Forty percent say it will increase inflation. Twenty-three percent say it will do nothing. Twenty-five percent say they are not sure what the effect would be.
The law will actually increase inflationary slightly over the next few years, according to the Penn-Wharton Budget Model. Over the next decade, its effect on inflation would be “statistically indistinguishable from zero,” according to the PWBM.
Just one quarter of Democrats say the law will reduce inflation, with another 33 percent saying it will have no effect on inflation and 11 percent saying it will make inflation worse. Among independents, only seven percent say law will reduce inflation, 21 percent say it will have no effect, and 41 percent say it will increase inflation.
Republicans overwhelmingly believe the law will increase inflation. Seventy-two percent said it would increase inflation. Just two percent say it will decrease inflation. Fourteen percent say it will have no effect.
The poll of 1,500 was taken between August 7 and August 9th.
https://www.breitbart.com/economy/2022/08/15/the-big-lie-failed-just-12-of-americans-think-the-inflation-reduction-act-will-reduce-inflation/
-
How F'n dumb must you be to think spending that kind of money is going to REDUCE inflation?
-
12% of Americans are complete idiots.
-
12% of Americans are complete idiots.
...and there's not a darn thing that the rest of us can do about it.
-
12% of Americans are complete idiots.
Unfortunately a lot more than 12% will continue to vote for Democrat Communist Party disciples.
-
12% of Americans are complete idiots.
Yeah... but that means 18% - More than HALF of his base is feeling the pain.
That's a good thing. That's deep, deep into liberal territory.