The Inflation Reduction Act has Passed (08-12-22)

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.

Here’s a page on 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).

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

Well, to be fair, the WSJ would never do anything so crass as give the IRA credit, but the 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.

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.

The Congressional Budget Office has said it will have no measurable effect on inflation. I can’t say I’m surprised.

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. :grin:

Maybe, maybe not. IMO, the important aspects of the bill is that it’s the first ever to begin to address climate.

Hats off to you. :+1:

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. :face_with_raised_eyebrow:

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.”

The high lie voter… the jai-alai’s.

Damn, you’re good.

I exist only to serve.

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.

They even get high on lies.

It’s the constant getting high on lies which qualifies them for a diagnosis of Assheimer’s.

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.

December numbers are out. June to December works out to an annualized increase of 1.9%, but 4.5% core (less food and energy).

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Are you just gonna drop that here or explain what you think?