Biden Lets the Truth About the ‘Inflation Reduction Act’ Slip: ‘I Wish I Hadn’t Called It That’
Voltaire once quipped that the Holy Roman Empire was neither holy, nor Roman, nor an empire.
In like manner, President Joe Biden admitted this week that the 2022 Inflation Reduction Act had nothing to do with reducing inflation.
According to Bloomberg, Biden made the admission while speaking at a Thursday fundraiser in Park City, Utah. “I wish I hadn’t called it that,” the president said.
Biden said he regretted the name “because it has less to do with reducing inflation than providing alternatives where we generate economic growth.”
The president’s extemporaneous comments often raise eyebrows.
Associated Press reporter Chris Megerian noted Biden’s characteristic lack of restraint while speaking to donors and listed a series of examples from Thursday’s fundraiser alone,
