Here’s a fun fact: President Joseph Robinette Biden, Jr., proclaimed he is “taking on special interests and winning.” He smiled for the cameras as he made this statement while signing the Inflation Reduction Act (IRA).
All along, Biden complained enough wasn’t being done to “help lower costs for families, combat the climate crisis, reduce the budget deficit, and finally ask the largest companies to pay their fair share.” This statement clearly appears on The White House website under the byline August 15, 2022.
And here we are, more than a year later, eagerly awaiting the effects of the IRA to assist those less affluent navigate our “transitory inflation” with much-touted legislation aimed at punishing corporations for making money.
This sentiment is not new. Lefties and Commies such as Elizabeth Warren, Bernie Sanders, Alexandria Ocasio-Cortez, and President Biden himself, have been forever beating the drum of squeezing blood from a stone by making profits a sin.
Taxing everything from driving, working, fishing, buying to help the economy, saving money, owning a car, smoking anything, rain, building a home, even dying, has become a true quest for greedy politicians ardently trying to break the backs of industry and its workers plus America’s citizenry all in the name of fairness.
That same tired line of needing equity in order to survive is nothing more than a phony claim to divide the masses for the sake of conquering via propaganda. And so far, so good.
Under auspices of helping the rank-and-file worker make more money, politicians regularly drag out lame examples of how corporate executives and other white collar-types make gads more money than their blue-collar counterparts.
But too often the blue collar-types are under educated, or merely engaged in entry-level jobs whose salaries are commensurate with their knowledge, skills, and abilities – mostly entry-level positions. In the event they are displeased with their wages or position they should find a new job.
Of course, right-to-work laws in varying states play a key role as to unionization of employees affecting attitudes of employees versus at-will employee situations. Playing the Devil’s advocate, unions enjoy dragging corporations into forced situations to settle perceived slights in salaries, benefits, and tenure.
Through walkouts, strikes, and slowdowns, demands by the rank-and-file workers can, and do, often end up victorious in disputes with management, however sometimes with less than desired results. Higher pay may translate to employee lay-offs or a cutback in hours, or both.
Suddenly, those meaningful demands result in lost product sales, higher costs to satisfy stock holder demands, and an occasional corporate restructuring or bankruptcy.
Certainly, none of these matters to guvment-types many of whom have never held a private sector job where salaries and bonuses and time benefits are calculated based upon profits. Union representatives usually omit those pesky parts out of their spiels to the picketers.
Demanding more in the way of fair pay is a virtual given in any job where skills are learned and should be considered for advancement rather than longevity, sex, or race.
In any case, Biden has been traipsing about the country claiming his IRA is a genuine success; in fact, it has been deemed so much of a success that the Biden Administration has named this stroke of brilliance “Bidenomics.”
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| Bidenomics' name sake |
As luck has it, Biden claims greedy merchants have been working extra hard at socking it to the little guy. Since Biden has been in office, bread has increased by 29%, eggs by 87%, and electricity by 22%.
The IRA is heralded as a way for the average person to buy a new electric vehicle (EV) because part of that bill includes a tax credit for EVs. Costing in the neighborhood of $60,000, a new EV is eligible, under the IRA, for a $7500 tax credit. Wow!
Unfortunately, that tax credit comes out of the money you paid in federal taxes. And with the higher costs of food, homes, fuel, groceries, school supplies, and electricity, the average U.S. household finds itself more than $10,000 per year further in debt than when President Donald Trump was in office. Not the financial windfall for which you hoped.
Last, but not least, is the biggest threat to civilization; an existential threat, to be exact. That threat is: not Ukraine, not Hamas, not the Southern border, not a COVID redux, not out-of-control crime, not illiteracy in our schools, not systemic racism, not transgender hate crimes, not using an improper pronoun. The biggest threat to civilization is climate change.
Yes, climate change is the major burr under the saddle of prosperity that, according to experts such as Greta Thunberg, Leonardo DiCaprio, and Bill Gates, is the one issue which will determine if we, as a society, will continue. I’ll wait while you retrieve a tissue for your tears.
As usual, the guvment is trying to appear beneficial to American’s needs to stifle permanent environmental damage by throwing money at the problem. Giving money back to those from whence it came is supposed to somehow solve the problem at-hand. It doesn’t, though.
Giving money to solve a problem is tantamount to the redistribution of wealth – the middle class paying for the benefit of the wealthy to install solar panels, wind turbines, and purchase EVs exactly what is happening to our rapid descent into more debt.
Let’s examine where the rest of these precious tax dollars are going to through the IRA conduit.
Unfortunately, the Biden administration’s uncompromising rules on mining for necessary oil and minerals, along with keeping our environment the cleanest on the planet, prevents us from manufacturing our own solar panels and rechargeable lithium-ion batteries.
Thank goodness for America that Communist China is willing and available to flout environmental laws to continue to make a buck off the back of Joe Biden and every other American in the process of saving Mother Earth.
Our money flows freely to China
to give them the business our environmentalists find distasteful. Of
course,
that money translates into advanced military
weaponry which will likely
be used to fight against us while we side with Taiwan during a clash
over their sovereignty with China.
There you have it. Bidenomics is a true success in every...uh, no, it isn’t. Never mind.
We’re now deeper in debt than ever in history, are amid an invasion of unknown foreigners freely crossing our Southern border, dangling on the precipice of financial collapse, quickly approaching total civil destruction, intentionally creating illiterate grade schoolers to fudge teachers’ abilities, while edging closer to another World War.
How’s that for a fun fact?
