A Political Victory for the Joes Is a Loss for the Country
After months of being portrayed as a villain or worse in the mainstream media, Joe Manchin suddenly has become a Democratic Party hero—all because he has declared he will support legislation that he and President Joe Biden claim will “reduce inflation” and give us better weather. Not surprisingly, the New York Times is leading the way in effusively praising the legislation, claiming the bill “would be the most ambitious action ever taken by the United States to try to stop the planet from catastrophically overheating.”
The “newspaper of record” continues:
The bill aims to tackle global warming by using billions of dollars in tax incentives to ramp up wind, solar, geothermal, battery and other clean energy industries over the next decade. Companies would receive financial incentives to keep open nuclear plants that might have closed, or to capture emissions from industrial facilities and bury them underground before they can warm the planet. Car buyers with incomes below a certain level would receive a $7,500 tax credit to purchase a new electric vehicle and $4,000 for a used one. Americans would receive rebates to install heat pumps and make their homes more energy-efficient.
Biden declared: “This is the action the American people have been waiting for,” adding that the proposed bill provides “investments in our energy security for the future.”
Progressives claim this combination of new taxes, tax credits, and political favoritism will promote wind and solar energy, vastly curb carbon dioxide emissions, save the US government billions of dollars via cheaper drug prices, and curtail inflation (it is currently titled The Inflation Reduction Act of 2022). And—to ensure Manchin’s endorsement—it supports a natural gas pipeline in Manchin’s home state of West Virginia.
If anything can embody the current disconnect between progressive elites in politics, academe, and the media with how things operate in that sphere we call reality, it is the response to this legislation. We are told that increasing t
Article from Mises Wire
