Remember Joe Biden? It’s hard to believe, but despite his escalating dementia, he’s still the President of the United States because nothing matters anymore. He’s also still speaking publicly on occasion, and on Thursday, he managed to admit the Inflation Reduction Act was a scam.
Why did he do that? The simple answer is that he’s senile and doesn’t even realize what he’s saying half the time at this point.
BIDEN: My investments, through my investments, the most significant climate change law ever, and by the way, it is a $369 billion bill, it’s called the, we should have named it what it was, at any rate.
Reading that, I can’t help but chuckle a bit. This dude is still the president despite dropping his re-election bid with no official explanation, and the press just moved on like it was no big deal. The fact that the 25th Amendment hasn’t been used against Biden is a major scandal, and one Kamala Harris should be made to answer for. She won’t be, but she should be. Read that excerpt again. It’ll give you a migraine.
On the merits, though, it seems newsworthy that Biden has now come out and admitted his biggest “achievement” was a massive scam perpetrated on the American people. When that bill was being debated, it was obvious there was nothing in it that would bring inflation down. After all, how could spending more government money do that when it was government spending that caused inflation to skyrocket in the first place? To the extent that inflation eventually did come down, it was due to the bubble finally running its course and leaving a path of destruction in its wake.