Regime propagandists are pitching radical climate policies as cost-efficient measures that put money in Americans’ pockets. Don’t listen.
In what stage of dystopian postmodernity would a country, in which millions of working-class families struggle to afford soaring costs for groceries and rent, devise a bill to pour billions of dollars into Sisyphean pursuits of climate-change reduction and have the nerve to sell it as the “Inflation Reduction Act”? This is where America has landed. Words no longer map onto meanings; the names given to multi-billion-dollar federal spending orgies have become bait-and-switch advertisements.
The Inflation Reduction Act is just the latest example in a long line of emperor-has-no-clothes misnomers shrouding the self-flagellating impulse among American political elites for supposed climate wrongdoing. Meanwhile, emissions in China, India, and other countries in the developing world persist unabated, counteracting any reductions the U.S. could measurably achieve. This latest bill is a green-energy-subsidy lover’s dream, poised to shower wind and solar developers—and indirectly China—with billions of dollars.
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Jonathan A. Lesser, PhD, is the president of Continental Economics, an economic consulting firm, and an adjunct fellow with the Manhattan Institute.
Nora Kenney is the deputy director of media relations at the Manhattan Institute.
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