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Senator Bernie Sanders Admits The Truth About Democrats’ ‘Inflation Reduction Act’

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OPINION: This article may contain commentary which reflects the author's opinion.


Sen. Bernie Sanders is one of the most far-left politicians in the chamber but he sounded a lot like a Republican during a debate late last week over a huge spending bill.

On the heels of an announcement by Senate Majority Leader Chuck Schumer (D-N.Y.) that he and moderate Dem Sen. Joe Manchin of West Virginia had reached an agreement on a scaled-down version of President Joe Biden’s $3 trillion ‘Build Back Better’ agenda, Sanders, an ‘Independent’ from Vermont, took to the Senate floor to blast the bill and many of the Democrats who have signed on to it.

Specifically, Sanders took issue with the title of the bill, the “Inflation Reduction Act.”

“Madam President, I want to take a moment to say a few words about the so-called inflation reduction that we are debating this evening,”  Sanders railed — though there is no indication he’s not going to vote for the bill. “And I say so-called, by the way, because according to the CBO, and other economic organizations that study this bill, it will, in fact, have a minimal impact on inflation.

“If anybody thinks that as a result of this bill we’re going to see lower prices for Medicare, you are mistaken. It ain’t going to happen next year, the year after, or the year after,” he said regarding a provision that gives Medicare the ability to negotiate drug prices with pharmaceutical companies, in four years’ time, and for only about 10 drugs.

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“And by the way, given the incredible power of the pharmaceutical industry, I would suspect even money that they will figure out a way to get around this provision if it takes four years to implement. So this provision will have no impact on the prices for those Americans. Furthermore, this provision will have no impact on the prices for Americans who are not on Medicare.”

“The American people are tired. They are hurting and they are begging their elected officials to respond to their needs,” he added. “The wages for the average American worker are lower today than they were 49 years ago, and clearly, the inflation of today is pushing the average person even further behind.”

Not surprisingly, Schumer disagreed with his longtime Senate colleague.

“The time is now to move forward with a big, bold package for the American people,” he said. “This historic bill will reduce inflation, lower costs, fight climate change. It’s time to move this nation forward.”

However, Senate Minority Leader Mitch McConnell (R-Ky.) said Democrats “are misreading the American people’s outrage as a mandate for yet another reckless taxing and spending spree.”

He went on to argue that Democrats “have already robbed American families once through inflation and now their solution is to rob American families yet a second time.”

McConnell may be onto something.

In recent weeks, Americans increasingly frustrated by higher prices — gasoline has come down about 40 cents on average, but is still higher than it was when Donald Trump left office — have taken their anger out on President Joe Biden and his party.

Widespread near-historic inflation has become the number one issue among a vast majority of Americans heading into the 2022 midterm election, according to several recent surveys. And most appear to be blaming the issue on Biden.

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Last month, the U.S. Department of Labor announced that in June, inflation rose to a staggering 9.1 percent, driven largely by huge spikes in the cost of gasoline, diesel fuel, and food.

The Hill reported:

Inflation picked up speed in June after another surge in oil prices drove up costs throughout the economy, according to data released Wednesday by the Labor Department.

The consumer price index (CPI) rose 1.3 percent in June and 9.1 percent over the past 12 months. Economists expected monthly inflation to hit roughly 1 percent in June after prices rose 1 percent in May, and 8.8 percent annually after reaching 8.6 percent that month. Annual inflation reached the highest rate in June since November 1981.

“CPI delivered another shock, and as painful as June’s higher number is, equally as bad is the broadening sources of inflation,” said Robert Frick, corporate economist with Navy Federal Credit Union, in an analysis after the report came out last week.

The news led to “Worst President Ever” trending for a time on social media.

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