A look at the Inflation Reduction Act one year later

One year ago, President Joe Biden signed the Inflation Reduction Act into law. What, if anything, has the law accomplished Foremost, the Inflation Reduction Act is terribly named. Most economists, and even the Biden administration, agree. The law's impact on bringing inflation down is, at best, minimal. Inflation has fallen mainly due to energy costs in the U.S. tumbling to -12% compared to last year. This combined with the Federal Reserve raising interest rates eight times since last August is the primary reason inflation is down to 3.3%.

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[dseelbach]

The cost of everything is up 17% ... It's pretty clear this is propaganda.

[debbie]

Spongebob French guy voice: “twelve interest rate hikes l’ater”..

[cario]

Hit 200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with 14k in June 2022...

[benhorton]

Thats cause it was all B S. Its a game to them and tyrants should be called to courts or cut down where they sit

[higherquest]

Inflation is not down dude it is very high! Food is terribly high. And don’t don’t get hand outs from the gov!

[mansiondave]

Someone do the math for me please, with a newly estimated $1 trillion cost over the next ten years how is it lightening the daily expenses for everyday Americans?

[Anita..]

Inhalation is horrible! Thanks Bideneconomics!

[Bagoproductions]

Where do they get these I'm spending $700.00 more a month for the same thing. Hey ABC, are you working for biden?

[JoeyJoJoJr]

They piss in our faces, then tell us don't believe our eyes, then tell us it's sunshine and rainbows. These are some evil people

[jeffbarron]

Lets quickly review, milk is now $3.99 to 4.99 and box of cereal is up to $7.50 and the box is about 22% smaller, lunch bread is $5.99 mayo $9.
lunchmeat $11-14 lb, a lb of sliced cheese is $7.50-10.Just these 2 meals spread out over even just a month, real need for 2nd job just to cover food
cost and forget about lettuce/tomato at approx $4/lb, if you lucky it won't be molded by time you get it home. Topper get you own cart and bag yourself

[pjpleiss]

With rumors of DEflation in China, maybe it did work, just not here?

I mean, I know it is a "horrible" thing for stuff to go down in price (at least for those who have heavy debt) but I wouldn't mind seeing some deflation as a poor little prole with low debt but even lower income.

[ericsemanko]

Inflation reduction act is like the Ukrainian counter offensive....when does it start?

[---ntmb]

It would be worth while for many people who have commented on this video to watch Robert Reich’s video “Why prices are still high”, you may be unhappy with the Democratic plug at the end of that video, but it would certainly be worthwhile understanding how Americans are being manipulated by large corporations and billionaires before voting for a billionaire to become president once again.

[thomasmartin]

Money printing drives inflation - and the government has not even slowed down the rate of money printing growth
If productivity gains drop prices 10% but money printing raises money supply by 20 % .. we see 10% inflation.

[Shining]

Bidenomics - ⛽🛢️🔌💡🛒 everything is more expensive now.