Supporters and opponents alike have openly acknowledged that the so-called Inflation Reduction Act recently signed into law by President Joe Biden will do little, if anything, to achieve its titular goal.
Nevertheless, White House economic adviser Cecilia Rouse attempted to defend the clearly misleading name during a recent CNN interview. Rather than receiving the warm welcome that leftists have come to expect, however, host Kate Bolduan pressed Rouse on the specifics and even let out a chuckle at her guest’s expense.
The Patriot Act wasn't patriotic.
The No Child Left Behind Act leaves tens of millions of children behind.
The Affordable Care Act makes care more expensive.
In unrelated news, government just passed the Inflation Reduction Act.
— Spike Cohen (@RealSpikeCohen) August 17, 2022
As the segment began, Bolduan said: “Democrats titled this bill the Inflation Reduction Act, which begs of course for voters to hold you all accountable to that.”
She went on to cite the nonpartisan Congressional Budget Office’s analysis that showed the $700 billion spending bill “would have a negligible impact” on the short-term inflation rate.
“Are you personally comfortable as an economist calling it the Inflation Reduction Act?” Bolduan asked.
Rouse claimed that the bill will “help to expand our economic capacity,” which would theoretically put the nation in a better position “to address issues like inflation going forward.”
That response was not good enough for Bolduan, however, and the host used an analogy to make her point.
“If you passed a bill called the Fill Every Pothole Act, I mean, voters should expect you to fill every pothole,” she said. “So should voters measure the success of this bill on how much you reduce inflation in the next couple of years?”
When Rouse attempted to dance around the issue without providing a direct answer, Bolduan responded with a laugh: “A name is just a name, but there are definitely a lot of other names you could have named this bill!”
CNN correspondent John Harwood offered his assessment of the bill’s disingenuous name during another segment of the network’s coverage. He asserted that the Inflation Reduction Act “doesn’t live up to its name” and was named as such “as a marketing device” meant to appeal to holdout U.S. Sen. Joe Manchin (D-WV), who eventually signed on to ensure its passage.
“It’s going to have a negligible effect on inflation,” Harwood said. “If it does anything, it might reduce inflation a tiny, tiny bit — but that’s not what it’s about.”