# The Inflation Reduction Act has Passed (08-12-22) **URL:** \ **Category:** Politics & Elections\ **Created:** [August 7, 2022, 1:02am UTC](https://boards.straightdope.com/t/the-inflation-reduction-act-has-passed-08-12-22/969226 "2022-08-07T01:02:12Z")\ **Posts on this page:** 20\ **Page:** 5
**Author:** ![not\_what\_you\_d\_expect](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/not_what_you_d_expect/32/3246_2.png) [@not\_what\_you\_d\_expect](https://boards.straightdope.com/u/not_what_you_d_expect)\ **Post date:** [August 28, 2022, 2:05pm UTC](https://boards.straightdope.com/t/the-inflation-reduction-act-has-passed-08-12-22/969226/81 "2022-08-28T14:05:19Z")
> **[Biden sees highest approval in a year in latest Gallup poll](https://thehill.com/homenews/administration/3616007-biden-sees-highest-approval-in-a-year-in-latest-gallup-poll/)** > > President Biden’s approval rating rose to 44 percent during the month of August in a new Gallup poll, the latest sign of the president recovering some ground amid a series of legislative wins and a… This is the latest thing I saw. ---
**Author:** ![kenobi\_65](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/kenobi_65/32/13178_2.png) [@kenobi\_65](https://boards.straightdope.com/u/kenobi_65)\ **Post date:** [August 28, 2022, 2:11pm UTC](https://boards.straightdope.com/t/the-inflation-reduction-act-has-passed-08-12-22/969226/82 "2022-08-28T14:11:37Z")
> [@not\_what\_you\_d\_expect](#): > > This is the latest thing I saw. He’s trending upwards in a lot of polls, but 44% approval is still low – [Trump’s approval rating was in the low 40s for most of his presidency](https://projects.fivethirtyeight.com/trump-approval-ratings/). Here’s a page on [FiveThirtyEight.com](http://FiveThirtyEight.com), with a blended average of Biden’s approval scores (across multiple polls) over time. They currently have him at 41.9% approval; as you can see, it is indeed trending upwards in recent weeks, but he’s been under 50% since last August (in the wake of the Afghanistan pullout, and about when inflation started to rear its ugly head). > **[How Popular Is Joe Biden?](https://projects.fivethirtyeight.com/biden-approval-rating/)** > > Latest polls on President Joe Biden’s approval ratings ---
**Author:** ![JohnT](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/johnt/32/15048_2.png) [@JohnT](https://boards.straightdope.com/u/JohnT)\ **Post date:** [January 7, 2023, 4:38pm UTC](https://boards.straightdope.com/t/the-inflation-reduction-act-has-passed-08-12-22/969226/83 "2023-01-07T16:38:29Z")
The IRA? According to the Wall Street Journal, it’s working! [https://www.wsj.com/articles/inflation-sudden-drop-12-5-month-cpi-pce-energy-food-new-year-price-federal-reserve-11672914903?mod=e2two](https://www.wsj.com/articles/inflation-sudden-drop-12-5-month-cpi-pce-energy-food-new-year-price-federal-reserve-11672914903?mod=e2two) > [@](#): > > Over the past five months (June to November 2022), inflation has slowed to a crawl. Whether measured by the consumer-price index, or CPI, which most people watch, or the price index for personal consumption expenditures, or PCE, which the Federal Reserve prefers, the annualized inflation rate has been around 2.5% over these five months. > > Yes, you read that right. Yet hardly anyone has noticed this stunning development because of the near-universal concentration on price changes measured over 12-month periods, which are still 7.1% for CPI inflation and 5.5% for PCE inflation. Well, to be fair, the WSJ would never do anything so crass as give the IRA credit, but the timeline is the timeline. ---
**Author:** ![Ruken](https://avatars.discourse-cdn.com/v4/letter/r/f475e1/32.png) [@Ruken](https://boards.straightdope.com/u/Ruken)\ **Post date:** [January 7, 2023, 11:09pm UTC](https://boards.straightdope.com/t/the-inflation-reduction-act-has-passed-08-12-22/969226/84 "2023-01-07T23:09:26Z")
> [@JohnT](#): > > timeline is the timeline. Inflation had already slowed down in July, not just before it could affect anything but before it even passed, but my recollection was much inflation doom and gloom from the WSJ opinion pages that I guess we’ll just have to wait a bit longer for. ---
**Author:** ![Smapti](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/smapti/32/17938_2.png) [@Smapti](https://boards.straightdope.com/u/Smapti)\ **Post date:** [January 7, 2023, 11:16pm UTC](https://boards.straightdope.com/t/the-inflation-reduction-act-has-passed-08-12-22/969226/85 "2023-01-07T23:16:19Z")
> [@Ruken](#): > > my recollection was much inflation doom and gloom from the WSJ opinion pages that I guess we’ll just have to wait a bit longer for. Why, it’s almost as if the major media conglomerates stopped banging on about inflation once the election was over. I wonder why that could be. ---
**Author:** ![RickJay](https://avatars.discourse-cdn.com/v4/letter/r/bb73d2/32.png) [@RickJay](https://boards.straightdope.com/u/RickJay)\ **Post date:** [January 7, 2023, 11:34pm UTC](https://boards.straightdope.com/t/the-inflation-reduction-act-has-passed-08-12-22/969226/86 "2023-01-07T23:34:21Z")
> [@suranyi](#): > > the Senate just passed the so-called Inflation Reduction Ac The Congressional Budget Office has said it will have no measurable effect on inflation. I can’t say I’m surprised. ---
**Author:** ![JohnT](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/johnt/32/15048_2.png) [@JohnT](https://boards.straightdope.com/u/JohnT)\ **Post date:** [January 8, 2023, 12:24am UTC](https://boards.straightdope.com/t/the-inflation-reduction-act-has-passed-08-12-22/969226/87 "2023-01-08T00:24:47Z")
> [@Ruken](#): > > Inflation had already slowed down in July, not just before it could affect anything but before it even passed Lol, my goal isn’t to convince _you_ - you’re one of the smart ones. But the low information voter? “I noticed Biden passed his Inflation Reduction Act in August and the WSJ just reported that the recent past months inflation has already been reduced to a more typical 2.5%” is a line I _will_ drop soon. Much to someone’s irritation, I’m sure. 😁 ---
**Author:** ![suranyi](https://avatars.discourse-cdn.com/v4/letter/s/e36b37/32.png) [@suranyi](https://boards.straightdope.com/u/suranyi)\ **Post date:** [January 8, 2023, 12:30am UTC](https://boards.straightdope.com/t/the-inflation-reduction-act-has-passed-08-12-22/969226/88 "2023-01-08T00:30:16Z")
Maybe, maybe not. IMO, the important aspects of the bill is that it’s the first ever to begin to address climate. ---
**Author:** ![BrickBat](https://avatars.discourse-cdn.com/v4/letter/b/ac91a4/32.png) [@BrickBat](https://boards.straightdope.com/u/BrickBat)\ **Post date:** [January 8, 2023, 12:32am UTC](https://boards.straightdope.com/t/the-inflation-reduction-act-has-passed-08-12-22/969226/89 "2023-01-08T00:32:05Z")
> [@JohnT](#): > > Lol, my goal isn’t to convince _you_ - you’re one of the smart ones. But the low information voter? “I noticed Biden passed his Inflation Reduction Act in August and the WSJ just reported that the recent past months inflation has already been reduced to a more typical 2.5%” is a line I _will_ drop soon. Much to someone’s irritation, I’m sure. 😁 Hats off to you. 👍 About a week and a half before this past election I spent time in a red state with red state type people. No matter what was talked about, and despite my best efforts to adroitly choose my wording to prevent conversations from going political, all I heard was inflation, inflation, and inflation. That and how the US was going to run out of diesel fuel in 25 days or so, with all the attendant supply-chain hysteria. Not a peep out of those fuckers about any of that now. 🤨 ---
**Author:** ![LSLGuy](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/lslguy/32/5813_2.png) [@LSLGuy](https://boards.straightdope.com/u/LSLGuy)\ **Post date:** [January 8, 2023, 12:32am UTC](https://boards.straightdope.com/t/the-inflation-reduction-act-has-passed-08-12-22/969226/90 "2023-01-08T00:32:41Z")
> [@JohnT](#): > > … > But the low information voter? > … Actually, most of those folks are high information voters. They’re totally being force-fed lots and lots of information from their prefered “news” outlets. But it’s all misinformation. Perhaps we should start calling them “high misinformation voters” or “high propaganda voters.” ---
**Author:** ![JohnT](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/johnt/32/15048_2.png) [@JohnT](https://boards.straightdope.com/u/JohnT)\ **Post date:** [January 8, 2023, 12:39am UTC](https://boards.straightdope.com/t/the-inflation-reduction-act-has-passed-08-12-22/969226/91 "2023-01-08T00:39:44Z")
The high lie voter… the jai-alai’s. ---
**Author:** ![LSLGuy](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/lslguy/32/5813_2.png) [@LSLGuy](https://boards.straightdope.com/u/LSLGuy)\ **Post date:** [January 8, 2023, 12:45am UTC](https://boards.straightdope.com/t/the-inflation-reduction-act-has-passed-08-12-22/969226/92 "2023-01-08T00:45:41Z")
Damn, you’re good. ---
**Author:** ![JohnT](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/johnt/32/15048_2.png) [@JohnT](https://boards.straightdope.com/u/JohnT)\ **Post date:** [January 8, 2023, 10:24am UTC](https://boards.straightdope.com/t/the-inflation-reduction-act-has-passed-08-12-22/969226/93 "2023-01-08T10:24:29Z")
I exist only to serve. ---
**Author:** ![JohnT](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/johnt/32/15048_2.png) [@JohnT](https://boards.straightdope.com/u/JohnT)\ **Post date:** [January 8, 2023, 6:18pm UTC](https://boards.straightdope.com/t/the-inflation-reduction-act-has-passed-08-12-22/969226/94 "2023-01-08T18:18:44Z")
This morning, in conversation, I coined the term “Assheimer’s”. It’s for people who are so aggressive in their stupidity, they’ve forgotten everything they were taught. “Oh, look, it’s another Trump supporter with Assheimer’s.” “Do you think Matt Gaetz is suffering from Assheimer’s?” Very useful addition to the language. ---
**Author:** ![Atamasama](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/atamasama/32/12961_2.png) [@Atamasama](https://boards.straightdope.com/u/Atamasama)\ **Post date:** [January 9, 2023, 8:47am UTC](https://boards.straightdope.com/t/the-inflation-reduction-act-has-passed-08-12-22/969226/95 "2023-01-09T08:47:55Z")
They even get high on lies. ---
**Author:** ![JohnT](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/johnt/32/15048_2.png) [@JohnT](https://boards.straightdope.com/u/JohnT)\ **Post date:** [January 9, 2023, 9:22am UTC](https://boards.straightdope.com/t/the-inflation-reduction-act-has-passed-08-12-22/969226/96 "2023-01-09T09:22:44Z")
It’s the constant getting high on lies which qualifies them for a diagnosis of Assheimer’s. ---
**Author:** ![Tride](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/tride/32/13907_2.png) [@Tride](https://boards.straightdope.com/u/Tride)\ **Post date:** [January 9, 2023, 2:54pm UTC](https://boards.straightdope.com/t/the-inflation-reduction-act-has-passed-08-12-22/969226/97 "2023-01-09T14:54:06Z")
I just read they have classified our upcoming Cadillac Lyriq as “not an SUV” and thus it doesn’t qualify for the tax credit. Seems weird. They also apparently classify the Model X 5-seater a car but the 7-seater an SUV. GM is appealing, and we’ll live without the $7500 break, but the moving target is frustrating. ---
**Author:** ![Ruken](https://avatars.discourse-cdn.com/v4/letter/r/f475e1/32.png) [@Ruken](https://boards.straightdope.com/u/Ruken)\ **Post date:** [January 12, 2023, 7:41pm UTC](https://boards.straightdope.com/t/the-inflation-reduction-act-has-passed-08-12-22/969226/98 "2023-01-12T19:41:57Z")
December numbers are out. June to December works out to an annualized increase of 1.9%, but 4.5% core (less food and energy). ---
**Author:** ![JohnT](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/johnt/32/15048_2.png) [@JohnT](https://boards.straightdope.com/u/JohnT)\ **Post date:** [January 12, 2023, 7:45pm UTC](https://boards.straightdope.com/t/the-inflation-reduction-act-has-passed-08-12-22/969226/99 "2023-01-12T19:45:26Z")
[![Imgur](https://live.staticflickr.com/65535/52328385380_def680b26e_b.jpg "20220901\_192548") ](https://www.flickr.com/photos/68782016@N08/52328385380/) ---
**Author:** ![DrDeth](https://avatars.discourse-cdn.com/v4/letter/d/b487fb/32.png) [@DrDeth](https://boards.straightdope.com/u/DrDeth)\ **Post date:** [January 12, 2023, 8:06pm UTC](https://boards.straightdope.com/t/the-inflation-reduction-act-has-passed-08-12-22/969226/100 "2023-01-12T20:06:08Z")
Are you just gonna drop that here or explain what you think? [Previous page](https://boards.straightdope.com/t/the-inflation-reduction-act-has-passed-08-12-22/969226.md?page=4) [Next page](https://boards.straightdope.com/t/the-inflation-reduction-act-has-passed-08-12-22/969226.md?page=6)