President Joe Biden poured $740 billion on top of red hot inflation with the stroke of a pen. On Tuesday, he was met with cheers as as he signed the so-called Inflation Reduction Act into law.
The Biden administration has paired up with Big Business to promote its latest social spending bill. The President said a Democrat-backed spending binge will combat inflation, but hundreds of economists disagree.
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UPDATED 8:50 AM PT – Monday, April 22, 2019
“We’ve achieved the largest decline in drug prices in 46-years, prescription drugs, and I’m asking Congress to work with me to make prescription drugs affordable for every American family. We just got the largest decrease in drug prices — think about that.”
— President Trump