Joe Biden Plans To Celebrate The “Inflation Reduction Act,” But Inflation Is Higher Than Expected At 8.3% – Markets Crash

This morning's reading of 8.3% for the month of August's inflation rate was significantly higher than what was anticipated.

On Tuesday, Democrats and Vice President Joe Biden were to celebrate the passage of their "Inflation Reduction Act" at the White House.

In August, Democrats passed a spending plan for green energy that they termed the "Inflation Reduction Act," despite the fact that it included another $700 billion in wasteful spending.

Democrats are of the opinion that spending billions will bring inflation down.

The United States continues to see an acceleration in inflation.

The revelation has resulted in a loss of 850 points on the US markets.

This was referred to as "progress" by Joe Biden.

The preceding is a summary of an article that originally appeared on GATEWAY PUNDIT.

Written by Staff Reports

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