President Joe Biden may be touting the so-called success of "Bidenomics" on the campaign trail, but economists say Americans have "nothing to celebrate" a year after the passing of the Inflation Reduction Act – which did nothing to reduce inflation, as the cost of gas and grocery prices skyrocketed.
Democrats on Aug. 16 celebrated the one-year anniversary of their signature bill, which amounted to a $740 billion spending bill that is essentially "historic" climate legislation with a misleading name. Still, Biden, during a press event to mark the occasion, declared that the act was having the effect that was intended and was proof that "Bidenomics" is "working."
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Marisa Herman ✉
Marisa Herman, a Newsmax senior reporter, focuses on major and investigative stories. A University of Florida graduate, she has more than a decade of experience as a reporter for newspapers, magazines, and websites.