Aaron Rupar Stunned What Donald Trump Said About Lifelong Devout Catholic Joe Biden
NBC News Reports That President Biden Has Grown Angry About Re-Election Effort
The New Yorker Describes the 'Repressive, Authoritarian Soul' of 'Thomas the Tank Engine'...
Washington Post Writer Back With Another Hot Take on Whiteness and Country Radio
Color Us COMPLETELY Unsurprised: LAPD Task Force Created to Deal with Gangs of...
Media Matters Ari Drennen Plays Stupid, Claims You Need A DNA Test to...
New York Times Reports That 'Raunchy Christians' Are Turning Toward the Risqué
Best Economy Ever, Jack! More Americans Dip Into Retirement Savings to Make Ends...
Democrats Again Defending Dignity of MS-13 Gang Members
WATCH: Video of Nashville PD Physical Fitness Test Is MAJOR Cringe
Sen. Brian Schatz Tells Headline Writers How to Take Donald Trump Quote Out...
SHOCKING NEWS: New Study Reports Woke People Are Likely to Be Depressed and...
It's a Bloodbath (Hoax) Out There!
CNN Obviously Has No Problem With 'Bloodbath' When THEY Use the Word
Justice Ketanji Brown Jackson Concerned First Amendment Hamstrings Government

Paul Krugman asks if Democrats just saved civilization by passing the Inflation Reduction Act

As Twitchy has noted, supporters of the Inflation Reduction Act have stopped calling it that. In his column Monday, Paul Krugman gave the game away right away, writing that the Inflation Reduction Act “is mainly a climate change bill with a side helping of health reform.” Plus, it adds 87,000 IRS agents to perform audits. It’s the Green New Deal and it will do nothing to reduce inflation.

Advertisement

Krugman asks, “Did Democrats just save civilization?” And the answer is no — even Krugman admits the Inflation Reduction Act, by itself, is not enough to avert climate disaster. Krugman writes that it’s a huge step forward, but still not the step the Biden administration wanted to take:

But if the spending isn’t very large, how can it have such a big impact? The answer is that right now we’re sitting on a sort of cusp. Renewable energy technology has made revolutionary progress, and renewables are already cheaper in many areas than fossil fuels. A moderate push from public policy is all that it will take to transition to a much greener economy. And the Inflation Reduction Act will provide that push.

Krugman’s on board with the administration’s framing of pain at the pump as a “transition.” Everything the administration is doing is part of that transition, and you need to do your part by buying an electric car.

Advertisement

Advertisement

So it’s really a climate bill first and not a bill to reduce inflation?


Related:

Join the conversation as a VIP Member

Recommended

Trending on Twitchy Videos

Advertisement
Advertisement
Advertisement