by Nick Gilbertson
Breitbart.com
President Joe Biden on Thursday admitted that the $700 billion Inflation Reduction Act, which did not reduce inflation and included $369 billion for green energy initiatives, was wrongly named.
Biden’s remark came at an event in Westby, Wisconsin, where he was touting his Bidenomics investments. He called the Inflation Reduction Act “the most significant climate change law ever,” adding, “by the way, it is a $369 billion bill, it’s called the–we we we should’ve named it what it was.”
The Penn Wharton Budget Model found the bill would drop inflation by .1 percent over five years, and the Congressional Budget Office’s (CBO) analysis was similar.