Biden’s new monster spending bill squeaked by in the Senate and is all set to become law.
After roping in Senators Joe Manchin and Kyrsten Sinema, the bill will force a green energy vision on the American nation.
The problems with the bill begin with its fake name, “the Inflation Reduction Act.” The bill does nothing of the sort. What it does do, is appear to finish off Biden and his handlers’ mission to destroy what’s left of American energy.
Bill Unleashes a Bag of Nasty Tricks
On the surface, this bill pushes huge spending toward green energy and fighting “climate change.” It subsidizes everything that can be thrown at alternative energy sources, even though many of them depend on coal, plastics, and other environmentally-harmful materials.
This bill is a direct shot at the US energy industry; the Institute for Energy Research (IER) has exposed just how bad it will be for the oil and gas sector.
This bill is going to cost taxpayers $98 billion, as if we’re not already paying enough at the pumps.
The Act gives big subsidies to wind power, solar power, and more. It leaves oil and gas completely out in the cold with no help. This is the government picking winners; it will lead to very big issues for traditional energy.
The feds have already shelled out $100 billion in tax credits for renewable energy in the past 30 years; so it’s not like this is anything new, but it doubles down on the policy that’s been pursued.
As Congresswoman Marjorie Taylor Greene pointed out, this bill should actually be called the Bring Back Blackouts bill; it’s going to cripple our energy grid and leave many struggling families in worse shape than they already are.
This new version of Biden’s Build Back Better more appropriately named Bring Back Blackouts bc of it’s insane foolish energy failing agenda will force Americans literally in the dark.
Wind turbines & solar panels aren’t developed enough for reliable energy sources.
— Rep. Marjorie Taylor Greene🇺🇸 (@RepMTG) August 5, 2022
Build Those Solar Panels and Turbines
This bill basically forks over huge pallets of cash to anyone who will make functioning solar panels and wind turbines.
If you’re making these, you are picked as a winner and bolstered with all sorts of government spending.
If you’re a dinosaur trying to produce the oil and gas that the country still actually runs on, then you’re out of luck.
Obviously, this will jack the price of gasoline and energy even higher in just the way it’s happened in Europe, which has also had far-left activists try to force alternative energy on the industry.
What’s even worse is the bill has many tax breaks and incentives for unionized green labor; so you’re going to see a further reduction in efficiency and the incestuous cycle between the Democrats and unions grow even more.
It’s ridiculous that the Democrats are pushing Green Energy. When China uses and depends on fossil fuels to produce Solar Panels & Wind Turbines. Green Energy totally dependent on fossil fuels. China is insisting Biden Mandates Green Energy. Democrats are Making China Great.
— Tom ⚡️TCB⚡️GOP 45 (@TCB02910213) July 30, 2022
The Bottom Line
Bad and stupid people are in charge of this country; they don’t have the best interests of the American people in mind.