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Today — August 18th 2022Your RSS feeds

Poll: Just 13% Say the Multibillion-Dollar Climate Bill Will Decrease Inflation

Americans remain doubtful that the far-left's multibillion-dollar bill will reduce inflation, a poll from The Economist/YouGov found. 

GOP Rep. Green: Inflation Reduction Act Will Increase Oil and Gas Costs and Is a 'Huge Disincentive' for EVs

On Wednesday’s broadcast of the Fox Business Network’s “Evening Edit,” Rep. Mark Green (R-TN) said that the Inflation Reduction Act reconciliation bill not only increases costs for oil and gas, which will lead to an increase in people’s energy bills,

Economist Jeffrey Sachs: 'Inflation Reduction Act' 'Isn't about Inflation Reduction' Does 'Nothing Real' about Current Inflation

On Wednesday’s broadcast of MSNBC’s “Morning Joe,” Columbia University Professor and economist Dr. Jeffrey Sachs said that naming the reconciliation bill the “Inflation Reduction Act” is a “marketing tool” for a bill that “isn’t about inflation reduction.” And does “nothing real
Yesterday — August 17th 2022Your RSS feeds

Jim Banks on Inflation Reduction Act: 'It Should Be Illegal to Name a Bill Something that It Doesn't Do'

Wednesday on Fox News Channel's "The Faulkner Focus," Rep. Jim Banks (R-IN) called for a rule in Congress to prevent a bill from being "named something that it doesn't do."

Donalds: Inflation Reduction Act's Green Provisions Will Subsidize Chinese Solar Panels, Slave Labor

On Tuesday’s broadcast of Fox News Radio’s “Fox Across America,” Rep. Byron Donalds (R-FL) said that the Inflation Reduction Act will increase IRS audits on the poor in order to help pay for subsidies for solar panels for the wealthy

Hageman: Cheney Lost Due to Obsessive Focus on Trump When Voters Cared about Inflation, Energy, Illegal Immigration 

On Tuesday’s broadcast of the Fox News Channel’s “Ingraham Angle,” Wyoming Congressional candidate Harriet Hageman (R) stated that her opponent Rep. Liz Cheney (R-WY) lost in large part because “She’s not focusing on Wyoming. She’s not focusing on our issues. She’s
Before yesterdayYour RSS feeds

Breitbart Business Digest: Our Split-Personality Economy

The good economic news about last month or the month before that is bad news for months ahead of us.

IRS Whistleblower: 'Billionaires ... Laughing' as Biden Plan Targets Working, Middle Class with Audits

A former lawyer for the Internal Revenue Service (IRS), who accused the agency of going after elderly Americans, says President Joe Biden's "Inflation Reduction Act" will undoubtedly target working and middle class Americans with new IRS audits.

Fact Check: Joe Biden Falsely Claims Working, Middle Class Will Not 'Pay a Penny More' as Result of IRS Audits

While signing the "Inflation Reduction Act" into law on Tuesday, President Joe Biden said no Americans "earning less than $400,000 a year will pay a penny more in federal taxes" as a result of billions to drastically boost Internal Revenue Service (IRS) audits.

Joe Biden Signs $430 Billion Climate and Health Care Spending Bill to 'Fight Inflation'

The bill raises the corporate minimum tax to 15 percent and spends more money on bolstering the ability of the IRS to enforce taxes.

Economist Mohamed El-Erian: It'll Be 'Quite a Few Months for Us to Feel Less Pain' at Supermarket

On Monday’s broadcast of ABC’s “GMA3,” economist and President of Queens’ College Dr. Mohamed El-Erian stated that the “really painful” food price inflation will improve, but it will “take quite a few months for us to feel less pain when

Jamie Raskin Dodges Question on How 'Inflation Reduction' Act Reduces Inflation

Rep. Jamie Raskin (D-MD) dodged a question recently on how the Inflation Reduction Act would reduce inflation, as multiple studies have found that it would do little to nothing to reduce inflation. 

Economist Mohamed El-Erian: We'll Have to Sacrifice Some Growth to End Bad Inflation Situation 'by This Time Next Year'

On Monday’s broadcast of ABC’s “GMA3,” economist and President of Queens’ College Dr. Mohamed El-Erian said that we will get out of the current bad situation with inflation “by this time next year” but because the Federal Reserve has been

Breitbart Business Digest: No One Believes Jerome Powell

After four straight weeks of gains for the stock market, it is time to admit that Jerome Powell has a problem.

158 House Members Proxy Voted for $700 Billion ‘Inflation Reduction’ Act

The House of Representatives on Friday voted to pass the $700 billion "Inflation Reduction" Act, which would not reduce inflation; however, 158 of the lawmakers voted by proxy.

Dem Rep. Titus on CBO Estimates Inflation Act Won't Impact Inflation Much in Next Year: 'Inflation Is Already Coming Down' 

On Saturday’s “CNN Newsroom,” Rep. Dina Titus (D-NV) responded to an estimate by the Congressional Budget Office (CBO) that the Inflation Reduction Act won’t have much of an impact on inflation this year or next year by saying that many

Biden's America: 95 Percent Say They Have Been Impacted by Inflation

The overwhelming majority of Americans say they have been impacted by inflation, a poll from The Economist/YouGov found.

Plurality Predict Higher Inflation, Gas Prices Six Months from Now

A plurality of Americans predict that inflation will rise and gas prices will be higher six months from now, a poll from The Economist/YouGov found.

Dem Rep. Himes: Inflation 'Largely Managed' by the Fed, Cutting Spending Would Be Debate of Cutting Defense or Social Security, Medicare

On Friday’s broadcast of MSNBC’s “Katy Tur Reports,” Rep. Jim Himes (D-CT) said that “inflation is largely managed by the Federal Reserve,” and that while Congress could cut spending, “That would be a conversation about do we cut Social Security,

Scalise: Dems 'Guaranteed' Non-Wealthy Will See Increased Taxes and Voted Against Preventing It

House Minority Whip Rep. Steve Scalise (R-LA) reacted to the Congressional Budget Office (CBO) estimating that the increased IRS enforcement in the Inflation Reduction Act will result in people making less than $400,000 paying $20 billion in new taxes.

UK Rail Workers Strike for Better Pay as Runaway Inflation Erodes Incomes

LONDON (AP) - Thousands of UK train drivers walked off the job Saturday in a strike over jobs, pay and conditions, scuppering services across much of the country. The action was the latest in a spreading series of strikes by British workers seeking substantial raises to offset soaring prices for food and fuel.

Republican J.D. Vance Hammers 'Tax Hike Tim' Ryan for Rubber Stamping 'Biden's Leftist Schemes' to Raise Taxes

J.D. Vance, the Trump-backed Republican nominee for Ohio’s U.S. Senate seat, released a statement Friday night hammering Democrat Senate hopeful Rep. Tim Ryan for rubber stamping President Joe Biden’s far-left spending spree.

Hoyer on Inflation Reduction Act: Federal Reserve 'Is Really How You Deal with Inflation' -- But Bill Lowers Health Costs

On Friday’s “CNN Newsroom,” House Majority Leader Rep. Steny Hoyer (D-MD) stated that the Inflation Reduction Act will help deal with inflation right now by reducing healthcare costs, but the Federal Reserve “making judgments on interest rates…is really how you

Fmr. Obama Adviser Goolsbee: Inflation Reduction Act Will Have 'Relatively Modest' Impact on Immediate Inflation

On Friday’s broadcast of Bloomberg’s “Bloomberg Markets,” Economics Professor at the University of Chicago Booth School of Business Austan Goolsbee, who served as Chairman of the Council of Economic Advisers under President Barack Obama, stated that the Inflation Reduction Act and

Mace: We're Hiring 'Four Infantry Divisions' of IRS to Go After Working Americans, Not Dealing with Refund Backlog

On Friday’s broadcast of the Fox News Channel’s “Fox & Friends First,” Rep. Nancy Mace (R-SC) said that it would be good if the “four infantry divisions of IRS agents” that the Inflation Reduction Act hires were primarily used to

Congress Passes $700 Billion 'Inflation Reduction' Act

The House on Friday passed the $700 billion Inflation Reduction Act, which, unlike its moniker, would not reduce inflation and instead spends hundreds of billions of dollars on climate change and Obamacare programs.

Dem Rep. Himes: GOP Is Trying to 'Make It Easier for People to Cheat on Their Taxes' by Opposing IRS Expansion

On Friday’s broadcast of MSNBC’s “Katy Tur Reports,” Rep. Jim Himes (D-CT) stated that Republicans want to “make it easier for people to cheat on their taxes” because they’re attacking the provisions in the Inflation Reduction Act “that would provide

Jean-Pierre on Immediate Impact of Inflation Reduction Act: Pass It, Then See How 'Mechanics' of Lowering Energy Costs Will 'Work Through'

On Friday’s broadcast of CNN’s “New Day,” White House Press Secretary Karine Jean-Pierre said that the immediate impacts on inflation from the Inflation Reduction Act will be continuing Obamacare premiums that already exist right now and energy costs, although we’ll

Dem Rep. Clark on Immediate Impacts of Inflation Reduction Act: 'We're Already Seeing Gas Starting to Come Down'

On Friday’s broadcast of CNN’s “At This Hour,” Assistant House Speaker Rep. Katherine Clark (D-MA) responded to questions on whether the Inflation Reduction Act will lower prices in the near term by pointing to prescription drug provisions in the bill

Jason Smith: Dems Are Trying to Claim Inflation They Said Was Due to Putin and COVID Doesn't Exist Anymore

On Thursday’s broadcast of Newsmax TV’s “Spicer & Co.,” House Budget Committee Ranking Member Rep. Jason Smith (R-MO) reacted to Democrats claiming that inflation is 0% by stating that after months of claiming that inflation was due to COVID and

From zero to Nero, media edition

(Scott Johnson)

Drawing on this week’s BLS report on the Consumer Price Index, President Biden and his flacks promoted the idea that inflation had dramatically fallen to 0 percent last month. I noted the administration’s 0 percent chorus here yesterday. Is it too late to cancel the destructive monstrosity moving through Congress under the misnomer of the Inflation Reduction Act?

That is one question the Democrat media adjunct failed to raise as it fell into line yesterday reiterating the talking point of the day (video below). So far as I can tell from the video, however, even the media adjunct could not whip itself into repetition of the 0 percent line.

A footnote to our coverage of inflation and the Inflation Reduction Act (IRA). IRA is the word for “anger” or “rage” in Latin. It is there in the opening lines of Vergil’s Aeneid (Aeneas is “battered” by “the savage Juno’s unforgetting anger,” in Allen Mandelbaum’s translation). At NRO, Philip Klein reports that Joe Manchin himself appears to have been battered by IRA:

[T]he polling for Manchin is…brutal. It finds that 51 percent of registered voters now have an unfavorable opinion of him, compared to just 21 percent who have a favorable view. In the same poll last month, Manchin was nearly even, with 34 percent favorable and 35 percent favorable.

That means that in a matter of a few weeks, Manchin’s favorability dropped a net 29 points! And there’s no way that can be attributable to anything other than his public support for the Democrats tax, spend, Obamacare expansion, and IRS audit bill [i.e., the IRA].

To be clear, this is not a poll of his home state of West Virginia, and it is unclear whether Manchin will even run again when he is up for reelection in 2024.

But it does undercut the idea that this bill is broadly popular and will give Democrats a big boost in November.

I asked yesterday who could think it was a good look to retail the line that inflation had fallen to 0 percent. The inflation ignited by Biden stares us in the face every day. Voters are resistant both to the administration’s happy talk and the alleged charms of IRA.

Via Thaleigha Rampersad/Free Beacon.

Fmr. Obama Treasury Counselor Rattner: Without Gas Prices Falling Due to Lower Demand, Inflation Would Be about 0.5% from June

On Thursday’s broadcast of MSNBC’s “Morning Joe,” Steve Rattner, who served as counselor to the Treasury Secretary in the Obama administration, said that without declines in gas prices, “you would have had inflation at around a [0.5%] rate” and that

WH Spox Bedingfield: 'We Are Seeing Inflation Decrease' -- 'Inflation Data in July Was 0.0'

On Thursday’s broadcast of CNN’s “OutFront,” White House Communications Director Kate Bedingfield stated that “we are seeing inflation decrease” because “the inflation data in July was 0.0.” Bedingfield said, “I would note that the inflation data in July was 0.0.

Frank Luntz: Biden Claiming Inflation Zero Is 'Orwellian' -- 'Height of Hypocrisy'

By: Pam Key · Pam Key
Pollster Frank Luntz said Thursday on CNBC's "Squawk Box" that President Joe Biden claiming inflation was zero in July was "Orwellian at its worst."

Zero House Republicans to Vote for ‘Inflation Reduction’ Act

House Republicans are planning to whip the vote against the "Inflation Reduction" Act with zero GOP defections — to force the Democrats to "own" the massive spending bill.

Producer Prices Up 9.8% as Inflation Eases Slightly

This week's second government report on the inflation that has gripped the country and rocked the economy for over a year now. Gasoline helped pull down the headline number but excluding energy prices kept rising.

GOP Rep. Cammack: Dems Are Lying about IRS Audits, They Rejected Amendment to Prevent Increased Audits on Non-Wealthy

On Wednesday’s broadcast of Newsmax TV’s “Wake Up America,” Rep. Kat Cammack (R-FL) stated that claims from the Biden administration and Democrats that the increased IRS funding in the Inflation Reduction Act reconciliation bill won’t be used to go after

Biden Adviser Sperling on Blame for Households Lacking Savings: Lots of People Didn't Have Savings Before Pandemic

On Wednesday’s “CNN Newsroom,” Senior Adviser to President Joe Biden Gene Sperling responded to a question on who is to blame for survey data showing that a majority of Native American, black, and Hispanic households say inflation has caused serious

GOP Rips Biden’s ‘Ridiculous’ 0% Inflation Spin: WH ‘Living in Fairytale’ as Americans Living ‘Nightmare’

Following President Joe Biden’s claim America experienced “zero inflation” this past month, Republican officials in the House and Senate derided the “out of touch” remarks, accusing the Biden administration of “living in a fairytale while Americans are living in a nightmare.”

Bidenflation Hits Disney+ with Prices Soaring Nearly 40 Percent, Hulu Also Sees Steep Price Hike

Bidenflation is coming to Disney's streaming customers in a big way with the price of a standard Disney+ subscription soaring nearly 40 percent. Hulu is also hiking its prices by more than 15 percent.

WH's Deese: We Can Ease 'Some' Wage Pressure on Inflation Fed Is Worried about Without Workers Bearing 'the Brunt'

On Wednesday’s broadcast of Bloomberg’s “The Open,” White House National Economic Council Director Brian Deese responded to concerns by the Federal Reserve about growing wages putting pressure on inflation and Fed officials saying that unemployment needs to rise by stating

NY Times: Electric Cars 'Province of the Rich' Even with Democrats' Subsidies

Even as House and Senate Democrats look to further subsidize electric vehicles, the New York Times admits that the cars "remain largely the province of the rich."

Joe Biden Boasts 'Zero Inflation' in July but Cost of Food and Rent Still Rising

President Joe Biden boasted Wednesday that the United States economy experienced zero inflation in the month of July, even though costs of goods and services are still up 8.5 percent from the previous year.

Bidenflation: Ford Boosts Price of Electric F-150 Lightning Truck Due to 'Significant Material Cost Increases'

Ford is increasing the starting prices of its electric F-150 Lightning truck by as much as $8,500 due to “significant material cost increases and other factors.”

CNBC market correspondent: 'Nobody has the guts yet to call a peak in inflation'

CNBC's Dominic Chu said on MSNBC's "Morning Joe" Wednesday that "nobody has the guts" to say inflation has peaked because "things have gotten so pervasively bad."

GOP Sen. Marshall: WH Promise There Won't Be New Audits of Non-Wealthy Will 'Be a Lie'

On Tuesday’s broadcast of the Fox News Channel’s “Your World,” Sen. Roger Marshall (R-KS) reacted to White House Press Secretary Karine Jean-Pierre’s promise that there won’t be any audits of anyone making under $400,000 under the increased IRS funding in

Consumer Prices Rose 8.5% in July

Economists had expected inflation to fall to 8.8 percent year-over-year and for core inflation to climb to 6.1 percent.

WH's Deese on Keystone XL: We Need 'Secure Energy' That Meets Climate Goals and That's 'Most Important' Part of Inflation Reduction Act

On Tuesday’s broadcast of CNBC’s “Squawk Box,” White House National Economic Council Director Brian Deese responded to a question on the Mountain Valley pipeline as part of the deal by stating “we need a secure energy strategy” “that will actually

Commerce Sec'y Raimondo: Inflation Reduction Act Will 'Reduce Inflation over the Long Run'

During an interview aired on Tuesday’s broadcast of CNBC’s “Closing Bell,” Commerce Secretary Gina Raimondo stated that the Inflation Reduction Act reconciliation bill is “going to reduce inflation over the long run,” and will increase productivity in addition to being

Breitbart Business Digest: How Much Does Unemployment Need To Rise to Tame Inflation?

The American public appears to be underestimating how big of a toll on employment the war on inflation is going to take.

Poll: Americans Anticipate Even Higher Grocery Prices

A majority of Americans report seeing their grocery bills increase and expect food prices to keep rising, the poll found.

'Inflation Reduction' Bill Hands Out $2.2 Billion to Farmers that Experienced 'Discrimination'

The Inflation Reduction Act would provide $2.2 billion in financial assistance to farmers, ranchers, and forest landowners that experienced "discrimination."

'War on Seniors': Democrats to Cut Seniors’ Prescription Drug Benefits Ahead of Midterms

The passage of the Inflation Reduction Act would mean that Democrats would cut seniors' Medicare prescription drug benefits ahead of the midterms.

Poll: Voters Say Federal Bureaucracies Are too Large and Only Concerned with Their Own Political Interests

Voters say federal bureaucracies are too large and only concerned with their own political interests, a Convention of States Action/Trafalgar Group survey released prior to the Senate's passage of the $700 billion "Inflation Reduction" bill -- which devotes billions to hire a fleet of new Internal Revenue Service (IRS) agents to target middle class Americans -- found. 

McDaniel: 'Inflation Reduction Act' Name Is a Lie, Even Bernie Admits That

On Monday’s broadcast of the Fox News Channel’s “Faulkner Focus,” RNC Chairwoman Ronna McDaniel stated that the Inflation Reduction Act reconciliation bill’s title is a lie and even Sen. Bernie Sanders (I-VT) admitted as much when he cited the Congressional

MSNBC's Jansing: Reconciliation Bill 'Does Raise Taxes in a Period of Economic Downturn'

On Monday’s broadcast of NBC’s “MTP Daily,” guest host, MSNBC host, and MSNBC Senior National Correspondent Chris Jansing stated that the Inflation Reduction Act reconciliation bill “does raise taxes in a period of economic downturn.” While interviewing Rep. Steven Horsford (D-NV),

GOP Sen. Marshall: Reconciliation Bill's Increased Tax on Oil Drilling Will Increase Gas Prices

On Monday’s broadcast of Newsmax TV’s “Spicer & Co.,” Sen. Roger Marshall (R-KS) said that the increase in costs for fossil fuel production on public lands and waters through increased minimum royalties for oil and gas extraction on public lands

Arizona Republican Blake Masters Hammers 'Rubber Stamp' Sen. Mark Kelly for Voting for $700 Billion ‘Inflation Reduction’ Bill

Trump-backed Republican Blake Masters, running for the U.S. Senate in Arizona, hammered Grand Canyon State Sen. Mark Kelly (D) on being a "rubber stamp" for the Democrats' radical agenda and voting for the $700 billion "Inflation Reduction Bill" this past weekend.

Democrats Advance Plan to Subsidize Electric Cars Made in Mexico, Canada

Senate Democrats' filibuster-proof reconciliation package, dubbed the "Inflation Reduction Act," is set to help subsidize electric vehicles manufactured in Mexico and Canada. 

Josh Hawley: Republicans Can Learn from Democrats' Legislative Success

Sen. Josh Hawley (R-MO) said on Monday that Republicans can learn from Democrats' legislative success and that Republicans "better be willing to fight" should they take back Congress. 

Report: Inflation Could Cause 'Uptick in Hunger, Homelessness'

Poll findings suggest that "U.S. cities could be facing an uptick in hunger and homelessness in the next coming months."

Donald Trump: Democrats 'Played' Mitch McConnell 'Like a Fiddle' on Reconciliation Bill

Former President Donald Trump ripped Senate Minority Leader Mitch McConnell (R-KY), stating Democrats bamboozled him on the $700 billion Inflation Reduction Act. 

Poll: Majority Said Multibillion-Dollar Climate Spending Spree Will Not Reduce Inflation

Most Americans said the Democrats' latest climate-centric spending spree will not help reduce inflation, a survey from The Economist/YouGov found.

WaPo Columnist Slams the Inflation Reduction Act as 'No Such Thing'

Washington Post columnist Steven Pearlstein torched the Democrats' so-called "Inflation Reduction Act" as "no such thing" because politicians cannot simply turn a dial "to control employment, output, inflation — even the price of gasoline."

Inflation Expectations Fall But Most Americans Say They Are Worse Off Than A Year Ago

Less than three percent of American households expect to be much better off 12 months from now, the N.Y. Fed's consumer survey showed.

Marsha Blackburn: Democrats Want Permanent Pandemic, Inflation, and Control

Democrats want the dire state of affairs in the country to be permanent -- from the pandemic to inflation -- Sen. Marsha Blackburn (R-TN) said on Sunday following the Democrat-led Senate passing another $700 billion spending bill.

Reduction ad absurdum

(Scott Johnson)

The political news of the day is the passage of the shove-it-down-your-throat absurdity of the Inflation Reduction Act. What this country needs is a vastly expanded Internal Revenue Service! (said no sane man or woman ever).

Adding to the insufferable stupidity and deceit of the bill’s provisions is the insufferable stupidity and deceit of the media coverage of the bill itself. Feel the excitement coursing through Politico Playbook’s “How it really happened: the Inflation Reduction Act.”

Who in his right mind believes that the tax-and-spend extravaganza will have a salubrious effect on the inflation ignited by the Biden administration? And I wonder if we can get a fact-check on the name of the bill.

Who in his right mind thinks that the bill’s climate provisions will have a salubrious effect on the climate? Speaking of stupid media coverage, I cite Politico’s “Historic climate bill to supercharge clean energy industry.” I would like to say Jonathan Swift, call your office, but this stuff is beyond satire.

There is much more to be said and much more to come. I leave the subject this morning with the true question posed by the Inflation Reduction Act. Is the Democrats’ profound faith in the stupidity of the American people inflated or will it be vindicated in the midterm elections at which the bill is aimed?

GOP Rep. Budd on Inflation Reduction Act: Dems Want to 'Help Rich People Buy a Tesla'

Monday on Fox Business Network's "Mornings with Maria," Rep. Ted Budd (R-NC) reacted to the Senate passage of the so-called "Inflation Reduction Act."
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