Inflation Reduction Act doesn’t reduce inflation – DUH!
Shocking revelation, eh. Joe Manchin wasn’t played, eh? At least Manchin got a gas line.
Parts of the bill are excellent. Selling it as reducing inflation was indeed a marketing tool!
MSNBC, ABC, CNN realize Inflation Reduction Act doesn’t reduce inflation after bill is passed: ‘Marketing’
https://www.msn.com/en-us/news/polit...847f7031073a8e
Left-leaning media networks, including MSNBC, ABC, and CNN, finally realized that the Inflation Reduction Act doesn’t actually reduce inflation, but not until the massive spending package had already been signed into law.
One thing the Inflation Reduction Act is not expected to do, according to multiple analyses, is reduced inflation. The Congressional Budget Office said the bill will have "a negligible effect" on inflation in 2022, and in 2023 its impact would range between reducing inflation by 0.1% and increasing it by 0.1%.
These facts were hard to come by on a number of liberal media networks, with reporters and hosts parroting the talking points of congressional Democrats, or at the very least failing to press them on the bill’s perplexing name.
Four days before the Inflation Reduction Act was passed, CNN analyst Ryan Lizza called the legislation a "big deal," and said that its passage would make Joe Biden an "enormously consequential president" whose legislative win would put him in the "modern pantheon" of great leaders.
According to an analysis of Grabien transcripts, only ABC’s George Stephanopoulos, CNBC’s Joe Kernen and CNN’s Poppy Harlow pressed their guests on the bills meager impact on inflation prior to it passing the Senate.
But, once the bill came into law, the liberal media suddenly began asking tough questions, asking guests why the legislation was named the Inflation Reduction Act if it did not in fact reduce inflation.
John Harwood told John Berman and Keilar that the spending bill signed by President Joe Biden was titled the Inflation Reduction Act as a "marketing device" to get moderate Democrats, such as Senator Joe Manchin, D-W.Va., to support it. Harwood echoed the words of the Congressional Budget Office when he said the legislation would have a "negligible" effect on lowering inflation and asserted that the legislation did not live up to its name, and concluded that the bill did not live up to its name.