Comrade Bernie Says Inflation Reduction Act Will Have Minimal Effect On Inflation

He still voted to begin debate on Build Back Better version 4, and, you know he will vote for this non-inflation reduction bill

Bernie Sanders says Inflation Reduction Act will have ‘minimal impact’ on inflation

Vermont Independent Sen. Bernie Sanders adopted a tone more similar to that of Congressional Republicans than Democrats on Saturday when he said that the hotly debated Inflation Reduction Act will do little to reduce inflation.

“Madam President, I want to take a moment to say a few words about the so-called inflation reduction that we are debating this evening,” Sanders said on the Senate floor on Saturday night. “And I say so-called, by the way, because according to the CBO, and other economic organizations that study this bill, it will, in fact, have a minimal impact on inflation.”

Sanders went on to criticize the bill by saying that it does not address childhood poverty, income inequality, or the “dysfunctional” healthcare system in the United States.

Sanders explained that the bill “turns its back on the working parents of this country and our children.”

What Comrade Bernie really wants to do is spend more money, which would certainly have an effect, right? Just not the one he’s looking for, because the bill already is dangerous

Over 230 economists warn Manchin’s spending bill will perpetuate inflation

A letter sent to House and Senate leadership from 230 economists argues that the Inflation Reduction Act is expected to contribute to skyrocketing inflation and will burden the U.S. economy, contrary to President Biden and Democrats’ claims.

The economists wrote in the letter first obtained by Fox News Digital that the U.S. economy is at a “dangerous crossroads” and the “inaptly named ‘Inflation Reduction Act of 2022’ would do nothing of the sort and instead would perpetuate the same fiscal policy errors that have helped precipitate the current troubling economic climate.”

The economic experts point to the $433 billion in proposed government spending, which they argue “would create immediate inflationary pressures by boosting demand, while the supply-side tax hikes would constrain supply by discouraging investment and draining the private sector of much-needed resources.”

Here’s the thing: Democrats do not care. They see themselves losing the House, and possibly the Senate, so, they want to ram through their agenda, knowing that the GOP will not be able to roll it back unless the GOP wins the White House in 2024, and keeps the Senate and House, and then they’re counting on the GOP forgetting to do away with the legislation. It’s a good bet. And they do not care if it hurts the middle class. Like this

It doesn’t matter if the tax increase are small, they’re increases, and with 87K more IRS agents, they’ll make damned sure they get every cent out of your wallet.

Hundreds? Over what time period? Why would some pay thousands to replace their appliances when they are working well, and won’t get that back in credits? And those appliances will go up in price if there are actual rebates. Do you have $10k to put solar panels on your home? What about those who do not own homes and cannot afford them now? Weatherization costs have skyrocketed. Seriously, rebates and incentives on products that most in the middle and lower classes cannot afford. This is a giveaway to his rich voters.

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11 Responses to “Comrade Bernie Says Inflation Reduction Act Will Have Minimal Effect On Inflation”

  1. Sarah says:

    My last month’s check was for 11000 dollars… Everything I did was basic online work from comfort at home for 3-4 hours/day that I got from this office I found over the web and they paid me 95 bucks each hour… Attempt it yourself….Check this site.. Read more

  2. Elwood P. Dowd says:

    Teach typed: They (Dems) see themselves losing the House, and possibly the Senate

    That was clearly the case before Dobbs V Jackson, the tRumpazoid primaries and the state by state GOP overreach.

    All it takes for the majority* Dems to win elections is motivation** to vote. Thanks SCOTUS!

    *49% of registered voters nationwide are Dem or lean Dem, 40% are Repub or lean Repub. This is why the only GOP president to win a majority of the popular vote since 1992 was Bush 2004. 1992, 1996, 2000, 2008, 2012, 2016, 2020 went to the Dem candidates, W Clinton, Gore, Obama, H Clinton, Biden…

    **tRump was the motivation in 2020.

  3. The problem for the Democrats is that, despite their rhetoric, they have exactly zero understanding of poorer people. They want tax credits to aid people in the purchase of plug-in electric cars, not realizing that roughly 80% of cars sold are used cars, because most people cannot afford to buy new. Tax credits for plug in electrics are basically welfare for the well-to-do.

    “Rebates” to buy more efficient appliances? The Federal Reserve Bank of Minneapolis reported that, before the panicdemic, 36% of Americans would have difficulty paying a $400 unexpected expense, while another 11% said they couldn’t pay it at all; are they going to be able to go out and buy a new refrigerator, something that, even in the base models, costs over $1,000?

  4. Hairy says:

    America runs on credit, not cash.
    People but major appliances all the time.
    Teach Duke Power offers several free residential solar programs.

    • Dana says:

      LOL! The Hirsute One wrote:

      America runs on credit, not cash.
      People but major appliances all the time.

      Yeah, and that means that people who cannot afford to buy an appliance cash get to use credit, and pay interest on the appliances as well.

      Assuming, of course, that they have any credit at all.

      Only the Hirsute One would think that Rent-A-Center is good economics.

      • UnkleC says:

        Not to mention that many, if not most, poor folks are less than proficient money managers. Back when I had an actual job, the operation I managed was predominately staffed with laborers and ‘semi-skilled’ workers. Most of these folks did not have a bank account, much less credit and cashed their paychecks at a convenience store down the street for an significant service fee. Rent-A-Center was an upscale store for most of them and buying a vehicle was a trip to the Buy Here – Pay Weekly lot. This is despite being paid a fair, competitive wage rate with an excellent benefit package. Paid on Friday, broke on Monday.
        No, democrats have exactly no understanding of actual poor people.

  5. Elwood P. Dowd says:

    It’s great to see conservatives voice concern for America’s poor! “God must love the poor since he made so many of them!”.

    It’s common to blame the poor for being poor. Most of them don’t receive millions from their daddy. Most of them don’t get to go to elite colleges. Very few win the lottery, although gambling is great way to transfer money from the poor to the rich.

    THE biggest problem in the US is not abortion, not CRT, not same-sex marriage, not illegals… it’s the burgeoning inequality of income and wealth between rich and poor.

    Since we all agree it’s a big problem it seems we should be able to discuss solutions!

    • L.G.Brandon!, L.G.Brandon! says:

      We can’t discuss the solutions until you’re ready to admit most of it was caused by leftist policies.

      “It’s common to blame the poor for being poor.”

      So who would you blame for them being poor? White people? Christians? Conservatives? Republicans? Trump supporters?

      Or are you suggesting the silly notion of “Equity” to reduce that ” burgeoning inequality of income and wealth between rich and poor” you mention as if it’s only in America? Income is generated by a persons ability, either from education or physical ability. Wealth is the accumulation of income and the investments made by it.

      “Equity” as an economic plan can’t exist because it requires Inequality, government force and a total denial of personal property to employ. “Equality” like communism, fascism or any other types of command economics requires that the property of one person be stolen and given to another to make him equal. Who decides? You, Dowd? Are you the mighty brain that can/will determine who steals how much from whom and to whom said gift shall be bestowed? I’m sure you’d be fair about it. Right? You’d never penalize Christian conservatives more than say, Bezos, Buffett or Zuckerberg.

      I do admire your ability to always opt for dreamland over reality in your quest for power. The very idea you think that income and wealth disparities are bad means you have zero economic intellect. CEO’s, surgeons, inventors, builders and many other people CREATE WEALTH. And for that ability they get to keep it.

      Your usual swipe at me with your comment “Most of them don’t receive millions from their daddy” did not go unnoticed. Thank you for remembering my station in life. I can just relax and inherit over $25 mil. But I don’t as you know. So I’m not a good example of inheriting money. Your leftist punks like Hunter are much more inclined to only consider themselves. It’s in the leftist DNA. Just like “equity” is. None of my siblings sit around either. My brothers are both medical doctors and my sister is a surgeon. None went to an “elite college” just regular schools like Penn State, U of FL although my sister went to Perleman in Philly. I, as you know went into Fire Service instead. No regrets. When I was a kid I wanted to be a cowboy. Then one day there was a fire near where we were so my dad and I walked over to watch. The house was in total flames and I saw this Fireman go running right through the front door. After a minute or so he came out carrying a girl in his arms. This guy just ran into hell to save a stranger. That’s when I knew I wanted to be a fireman. Because just like you Dowd, I like to put the life of those weaker and in danger in front of my own. I never regretted one minute.

      But some day I’ll be rich and guys like you will conspire to deprive me of that wealth because you hate the idea of me having it and those filthy, dirty illegals and street people not having it. After all the people who deserve all the money never seem to have it in leftist world, do they?

      • Elwood P. Dowd says:

        My swipe was at DonJon not you. His daddy gave him at least $400 million.

        Are you saying you’ll be rich from your daddy’s money or you expect to create your own wealth? If you inherit $25 million will you feel as if YOU earned it?

        I grew up a dirt poor Ozarks hillbilly in a family of 9, went to public schools and worked in a warehouse to pay for state college. Neither my wife nor I inherited anything except good genes and a work ethic. We lived a simple, moral, conservative life putting 3 kids through college and 2 through professional schools. They are solid citizens with kids of their own.

        I’m grateful for all of it and the system that enabled it. I feel privileged. But not all have the privileges and fortune that we’ve had.

        America is headed in the wrong direction with the poor getting poorer as the rich get richer. We need to find ways so that workers can share in the productivity to which they have contributed. The system is rigged to reward the wealthy.

  6. UnkleC says:

    Looking at Elwood’s comment, I’m a trifle concerned since it makes some sense. CRT,abortion, queer marriage, etc. are simply shiny objects meant to distract the populace from the elites goals. These topics will always divide the country because they are divisive, but non-productive. Leave them alone for now and tell the pols to get to real problems.
    Why are lefties always worried about how much wealth someone has? Why do they care? As long as it has earned legally, focus on important things like your income and wealth acquisition.
    The education system needs to be revamped to recognize the difference in students and teach them accordingly. One size does not fit all. Teachers should be accountable for their ‘product’, there are means available to track a student’s progress as well as a teacher’s ‘production’. Students need to learn to read, communicate. do a reasonable level of math, have a passable level of scientific understanding, how to manage a household, and an understanding of the civics of our system of government. Twelve years should be enough time if the crap was removed and the focus was on education and developing citizens.
    Lower taxes and eliminate many government regulations. The market will regulate itself in most instances. Drop government subsidies and frivolous spending, if it looks like pork and smells like pork it’s probably not a government issue.
    Put criminals in jail and keep them there long enough to impress them with the concept of punishment. Prison isn’t for rehabilitation. We don’t need the revolving door on the jailhouse so the neighborhoods can be terrorized by repeat criminals, safe neighborhoods can then be productive neighborhoods.
    Secure the border. We don’t need imported criminals and drug cartels.
    Revise the welfare system to make it a safety net again and not a lifestyle.
    This is simply a beginning and it won’t be easy or quick. I could rant on but have more important things to tend to.

  7. Elwood P. Dowd says:

    UnkleC: Why are lefties always worried about how much wealth someone has?

    Actually most Dems are worried about how little wealth the working class has.

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