The World Bank cut its global growth forecast Tuesday and warned that the world economy could enter a period of feeble growth and elevated inflation.

Americans Don’t Believe The Inflation Reduction Act Will Provide Relief On Most Important Issue: Inflation

Conservative journalist Chuck Ross on Sunday tweeted about a triumphant White House video heralding the Senate’s passage of the Inflation Reduction Act.

Conservative journalist Chuck Ross on Sunday tweeted about a triumphant White House video heralding the Senate’s passage of the Inflation Reduction Act.

But there was only one problem: “This video doesn’t say anything about inflation,” Ross noted.

Amid the boasting about empowering the IRS to go after everyday taxpayers, creating more costly green energy boondoggles, and setting drug prices so Big Pharma will slow its research, the Biden administration neglected to mention what the bill is actually named after.

Yet many of President Joe Biden’s fellow Democrats are convinced that the name of the bill was ironic at best or highly cynical at worst.

As CNSNews.com reported Monday, a new YouGov poll reveals that most Americans don’t believe the Inflation Reduction Act would actually reduce inflation.

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Just 12 percent of the 1,500 people in the survey think the measure will accomplish its stated goal.

Another 23 percent don’t think it will have an impact one way or the other – which is bad news for Biden with inflation at a y1-year high.

Meanwhile, 36 percent believe the $730 billion spending bill will really drive inflation even higher.

Among Democrats, just 21 percent think inflation will go down if the bill becomes law. Yet 47 percent of Dems say it will have no effect or actually boost inflation.

They agree with the experts, it seems.

CNSNews reported that Congressional Budget Office analysts predicted the bill’s impact on inflation would be “negligible.”

“In another question,” CNSNews noted, “YouGov asked respondents to choose which one issue, out of a list of 15 topical issues, that is ‘the most important’ to them. ‘Inflation/prices’ was the number one ‘most important’ issue cited by all respondents.”

The views and opinions expressed in this commentary are those of the author and do not necessarily reflect the opinion of The Free Press.

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