Biden Makes Unexpected, Incredible Admission About His Inflation Reduction Act

President Biden admitted Thursday that Democrats’ signature Inflation Reduction Act wasn’t as much about actually reducing the then-record-high inflation facing the nation as he originally touted to the American people.

“I wish I hadn’t called it that. It has less to do with reducing inflation than it does providing for alternatives that generate economic growth,” Biden said during an appearance at a campaign fundraiser in Park City, Utah according to the press pool report.

“And so, we’re now in a situation where if you take a look at what we’re doing in the Inflation Reduction Act, we’re literally reducing the cost of people being able to make their — meet their basic needs,” Biden said.

“Even when there is inflation there is a way to provide breathing room,” he added, citing negotiating medical prices as one example.

Biden’s comments are a sharp turn from what he said in July 2022 ahead of the Inflation Reduction Act’s passage through Congress on a party line vote. (Read more from “Biden Makes Unexpected, Incredible Admission About His Inflation Reduction Act” HERE)

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