Why Bidens Inflation Reduction Act Is A Socialist Trojan Horse

Published

2 years ago

August 29, 2023

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Adam Smiths The Wealth of Nations was published in 1776, the same year as the Declaration of Independence, and it was just as revolutionary. The work explains that in a free enterprise system the free choice of the consumer, like the corollary free vote of the citizen, would determine what products would be produced in the marketplace. Everyone in such a marketplace was free to produce, free to choose, and free to purchase for the benefit of the consumer and to the general benefit and prosperity of the whole society. Smiths revolutionary work did away with the feudal system of having to have a tyrants favor to produce goods in the tyrants marketplace, for the despots subjects. There was no choice.

When Joe Biden took office in January 2021, he immediately attacked our economys energy sector via executive orders, administrative regulations, and cutting off federal land leases for energy exploration and development. The effects of such an onslaught were predictable. When you make energy costs higher, every product that is shipped from point A to point B will cost more. Every product produced in a plant that uses electricity will cost more. Every service facility, such as hospitals and schools, will cost more to operate.

So, it was predictable that the price of a barrel of oil, a gallon of gas, and home heating oil would all increase. Each of these costs rippled through the whole economy, creating a national rise in inflation of 12.7% in the first two years of Bidens presidency.

It was equally predictable that the Democratic Party would blame the increases in costs on evil energy companies, and that they would generate a Climate Bill to finish the job of taking command and control of the energy sector to save our economy, having first imperiled it. However, there was one sensible Democratic Senator, who knew the bill would increase inflation further, so the original Climate Bill was sidelined.

In the original Climate Bills stead, just one year ago, came a Trojan horse called The Inflation Reduction Act, refashioned as a gift that would reduce costs across the economy for hard-working families. In fact, just as the Greeks fashioned a horse to get through the walls of Troy, which they could not breach by other means, the Democrats offered this act as a sales pitch, a fashionable vessel, that contained the same regulatory armies that created the countrys runaway inflation in the first place.

Why would one of Americas political parties do such a thing?

The Inflation Reduction Act (IRA) was not passed to reduce inflation nor was it written to reduce global warming. Its real function is to take control of Americas most vital economic sector, one that is literally at the crossroads of the wealth and prosperity of our country. The IRA functions as a means of transferring power through control of the energy sector to the administrative state, and it functions as a means of transferring wealth to the Democratic Party and their friends and business associates, through taxpayer-funded, stock market-supported, alternative energy business start-ups.

So, how do you do that?

You use the administrative state to regulate, tax, fine, and persecute the fossil fuels industry out of business while using taxpayer wealth to fund its alternative the companies the administrative state and the Democratic Party favor with regulations, grants, subsidies, and tax breaks.

Though sold as a simple bill designed to contain inflation, in reality, the IRA is a textbook example of how to perform a socialist takeover of an economic sector. And do note the diversionary title of the Inflation Reduction Act. If the real intent of the IRA had been written into the bill and had to gain the publics approval to pass Congress, it would never have passed. Titled and sold as a means of curing the problem of inflation the Democratic Party itself created it did pass.

So, what does it mean?

It means that, like the walls of Troy, the fossil fuel industry is under siege from a disguised, internal enemy. It means taxpayers will be looted of more wealth than the Trojans ever dreamed of, to the tune of $1.4 trillion and counting. It also means another kind of plundering with government command and control comes higher consumer prices for everything. It means one political party in alliance with the administrative state will dictate which companies can produce what products. What is produced that is in any way related to the energy sector will need the favor of a new tyrant: The Democratic Party.

It means that the American consumer will have no choice in what materials are used to build their homes or what type of car they can buy, or what type of stove to use or what light bulb to choose. The American consumer will have as much choice as the Trojan slaves had after the war, when their masters dictated what they consumed.

But they say the worlds going to die! The planets burning and there is no way off! We must do something!

When choosing whether to believe a myth or follow the money follow the money.

Richard C. Lyons, author of The DNA of Democracy: Volume I and Shadows of the Acropolis: Volume II is a third generation printer, whose early career centered on religious and special education publishing. Lyons has since engaged in literary pursuits as a poet, essayist, screenwriter and indie publisher.

The views expressed in this piece are those of the author and not necessarily those of the Daily Wire.

Technology

Meta’s big AI spending blitz will continue into 2026

Published

3 hours ago

July 31, 2025

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Meta's big AI spending blitz will continue into 2026

Meta CEO Mark Zuckerberg makes a keynote speech at the Meta Connect annual event, at the company’s headquarters in Menlo Park, California, U.S. September 25, 2024.

Manuel Orbegozo | Reuters

Meta CEO Mark Zuckerberg plans to continue his company’s artificial intelligence spending blitz well into the next year as rival tech giants do the same.

Zuckerberg told analysts Wednesday during a second-quarter earnings call that AI’s rapid pace of progress has informed much of Meta’s recent business decisions, including the company’s $14.3 billion June investment into the data-annotating startup Scale AI as part of a revamped AI strategy involving a wave of high-profile hires.

AI’s swift advancement warrants that Meta have “the absolute best and most elite talent-dense team” that can access the resources they need from a “leading compute fleet,” Zuckerberg said about the AI Superintelligence team he assembled for his company this summer. Whatever these top-tier AI researchers build can then be implemented throughout Facebook, Instagram and the rest of the company’s family of apps, he said.

“When we take a technology, we’re good at driving that through all of our apps and our ad systems,” Zuckerberg said. “There’s no other company that is as good as us at kind of taking something and getting it in front of billions of people.”

Those AI endeavors, however, come at a cost.

Meta on Wednesday said it expects its total expenses for 2025 to come in the range of $114 billion and $118 billion, raising the low end of its previous outlook of between $113 billion and $118 billion. And while Meta is still planning out next year, the company said its AI initiatives will “result in a 2026 year-over-year expense growth rate that is above the 2025 expense growth.”

Other tech giants are also spending heavy on AI projects and talent.

Alphabet said last week during its earnings report that it is raising its 2025 capital expenditures forecast to $85 billion, which is $10 billion higher from its prior forecast. Microsoft said Wednesday that its fiscal first-quarter capital expenditures will be $30 billion, ahead of analyst expectations of $24.23 billion.

For now, investors are OK with Meta’s big AI investments, with the company’s shares up nearly 12% in after-hour trading on Wednesday. It helps that Meta reported strong second-quarter earnings that beat on the top and bottom while providing third-quarter sales guidance that topped Wall Street expectations.

It also helps that Zuckerberg said AI drove “greater efficiency and gains across our ad system,” likely reassuring worried investors that Meta’s big AI spending is leading to some immediate results.

And while the company’s Reality Labs unit continues bleeding money, posting an operating loss of $4.53 billion in the second quarter, the surprise hit of the Ray-Ban Meta smart glasses seems to have quelled investor discontent for the time being.

“I continue to think that glasses are basically going to be the ideal form factor for AI, because you can let an AI see what you see throughout the day, hear what you hear, talk to you,” Zuckerberg said. “Once you get a display in there, whether it’s the kind of wide holographic field of view, like we showed with Orion, or just a smaller display that might be good for displaying some information, that’s going to unlock a lot of value, where you can just interact with an AI system throughout the day.”

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UK

‘No lessons have been learned’: Airlines furious after another technical glitch cancels flights

Published

3 hours ago

July 31, 2025

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'No lessons have been learned': Airlines furious after another technical glitch cancels flights

Airlines have reacted furiously after a technical glitch in air traffic control systems led to more than 150 flight cancellations.

The National Air Traffic Service (NATS) has apologised for the IT problems – and said systems were back up and running 20 minutes after the “radar-related issue” was detected at 4.05pm.

But with thousands of passengers suffering extensive travel disruption, during one of the busiest times of the year, airline executives have warned this isn’t good enough.

Ryanair’s chief operating officer Neal McMahon has called for NATS chief executive Martin Rolfe to resign – and claimed Wednesday’s incident was “utterly unacceptable”.

He said: “It is outrageous that passengers are once again being hit with delays and disruption due to Martin Rolfe’s continued mismanagement of NATS.

“It is clear that no lessons have been learnt since the August 2023 NATS system outage, and passengers continue to suffer as a result of Martin Rolfe’s incompetence.”

Mr McMahon was referring to a glitch that affected more than 700,000 passengers two years ago – and said that, if Mr Rolfe refuses to step down, the government should intervene.

“Heidi Alexander must act without delay to remove Martin Rolfe and deliver urgent reform of NATS’ shambolic ATC service, so that airlines and passengers are no longer forced to endure these preventable delays caused by persistent NATS failures,” he added.

The Department for Transport says Ms Alexander does not have any direct control over NATS – and no powers over staffing decisions at the service.

EasyJet’s chief operating officer David Morgan added: “It’s extremely disappointing to see an ATC failure once again causing disruption to our customers at this busy and important time of year for travel.

“While our priority today is supporting our customers, we will want to understand from NATS what steps they are taking to ensure issues don’t continue.”

NATS is yet to comment on the calls for Mr Rolfe’s resignation – but has stressed that the glitch is not believed to be “cyber related”.

“This was a radar-related issue which was resolved by quickly switching to the back-up system during which time we reduced traffic to ensure safety,” a spokesperson had said.

Departures at airports across the country have now resumed – but passengers are being urged to check with their airline before heading to terminals.

John Carr, from Stourbridge, was on his way from Heathrow to Norway to help arrange his brother’s wedding when he discovered his flight was cancelled after checking in.

“I’m pretty gutted,” he said. “We’ve got loads of stuff in the suitcases to set up the venue, because we’re obviously flying to Norway. We’ve got the wedding rehearsal to do. It’s quite stressful.”

Liberal Democrat leader Sir Ed Davey called for an urgent investigation and also referred to the “utterly unacceptable” disruption two years earlier.

“With thousands of families preparing to go on a well-earned break, this just isn’t good enough. The public deserve to have full confidence in such a vital piece of national infrastructure.”

Flights departing or arriving at a UK airport, or aircraft operated by a UK airline arriving in the EU, are subject to rules concerning delays or cancellations.

Airlines may have to provide compensation, although there are exemptions for “extraordinary circumstances”, according to the UK’s Civil Aviation Authority.

Technology

Elon Musk’s plan to build Boring Co. tunnels in Nashville sparks partisan feud

Published

4 hours ago

July 31, 2025

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Elon Musk's plan to build Boring Co. tunnels in Nashville sparks partisan feud

Elon Musk has expanded a number of his companies within Texas, including Tesla, SpaceX, the Boring Co. and Neuralink. Tesla broke ground on a lithium refinery in Texas earlier this year with Governor Greg Abbott in attendance.

Christophe Gateau | Picture Alliance | Getty Images

Elon Musk’s tunneling venture, The Boring Company, announced plans earlier this week to build a 10-mile underground loop in Nashville, in coordination with Tennessee Republican Governor Bill Lee, who put out a press release praising the project.

Democratic lawmakers in Nashville are demanding answers on the plans, while the state’s Republican leaders have jumped at the chance to partner with Musk. A state commission is holding an emergency meeting and public hearing Thursday morning to discuss a “no cost/mutual benefit” lease arrangement that’s been proposed to help the company get the tunnels started.

“We are aware of the state’s conversations with the Boring Company, and we have a number of operational questions to understand the potential impacts on Metro and Nashvillians,” Freddie O’Connell, Nashville’s mayor, said in an e-mailed statement.

Based in Pflugerville, Texas, The Boring Co. is poised to take over a chunk of public property about the size of a football field in downtown Nashville. The commission that’s meeting on Thursday includes Tennessee’s governor, speaker of the house, speaker of the senate and secretary of state. Members of the public were invited to give testimony but with less than a week’s notice.

On Monday, The Boring Co. and state officials divulged that Musk’s venture would dig its tunnels under state-owned roadways in order to “connect downtown and the Convention Center to Nashville International Airport with a transit time of approximately 8 minutes.”

It’s called the Music City Loop, and the project marks Musk’s latest effort to bolster his budding business empire in Tennessee. His artificial intelligence startup xAI, the parent of social media platform X, is building data centers and a power plant in Memphis, on the western side of the state.

The governor’s office said on Monday that the Nashville project would come “at zero cost to taxpayers” and would be “entirely privately funded,” though no details were provided about whether or what type of cost-benefit analysis, environment, safety or traffic assessment had been completed by the state before agreeing to the deal.

Threats to SpaceX & Tesla as Musk, Trump feud heats up

Musk became a major force in Republican politics last year, when he spent almost $300 million to help reelect President Donald Trump before working for the Trump administration in the first few months of this year. Musk brought The Boring Co. CEO Steve Davis with him to lead Trump’s DOGE initiative, slashing federal agencies, regulations and personnel.

Justin Jones, a Democratic state representative in Nashville, told CNBC on Wednesday that his district had not been able to participate in any public comment period, and hadn’t seen any environmental impact report or health assessment related to the Music City Loop or its construction.

‘Not allowed to be here’

On Wednesday evening, The Boring Co. held a recruiting event, with Davis in attendance, at the parking lot where the company expects the state to grant it a no-cost lease. Jones went to the event hoping to discuss the jobs that Musk’s company is looking to create in his district, the lawmaker told CNBC.

“The CEO is here and the other members of their team, but they sent someone out to tell me that I’m not allowed to be here,” Jones said in a text message, sharing a video of his interaction with The Boring Co. employees at the event.

On Monday, Jones arrived to a separate company event at the Nashville airport only to have authorities claim he lacked proper credentials to attend.

Jones told CNBC that state officials explained to him that only state-level authorizations would be required for The Boring Co. project to begin because the tunnels would go under state roads, and would not require the use of taxpayer funds.

“We’re not even being informed where or what exactly these tunnels are going to run through,” Jones said. “Tomorrow they’re voting to give away state land for no cost. But giving away land obviously has a cost.”

The governor’s office didn’t respond to a request for comment regarding Jones’ concerns. Representatives for The Boring Co. weren’t immediately available to comment.

The Boring Co. has previously built tunnels in Las Vegas, including an initial two miles to carry visitors to different exhibit halls around the Las Vegas Convention Center. Tesla drivers travel through the tunnels to pick up and drop off passengers, who book their rides using an app.

xAI says Grok's 'white genocide' posts resulted form change that violated its core values

The initial loop cost Nevada taxpayers about $50 million and has been criticized for a lack of pedestrian entrances, walkways and platforms, and its limitations relative to a subway system. The Boring Co. was previously fined by the Nevada Occupational Safety and Health Administration for repeated violations and worker injuries in Las Vegas.

The Musk-owned company also abandoned plans to build tunnels in other locations, including Chicago.

One particular concern in Nashville is that the city is prone to flooding with an average annual rainfall of around 50 inches, according to the National Weather Service, which compares to around 4 inches in Las Vegas. The city’s Metro Water Services previously arranged, with federal support, to purchase homes from residents in vulnerable areas at reduced prices, and convert the land there to green spaces.

The Boring Co. has no experience building in areas with that kind of rainfall and flooding concern.

The public hearing to discuss whether the state will give the parking lots to The Boring Co. in a no-cost, mutual benefit lease agreement starts at 8 a.m. local time on Thursday at Cordell Hull State Office Building, according to a copy of the agenda on the state government’s website.

In Memphis, xAI has faced a community backlash over its use of natural gas-burning turbines which power its data center and supercomputer there. The facility, housed in a former home appliance factory, is responsible for training xAI’s controversial chatbot Grok.

The NAACP and other environmental and public health advocates are suing xAI, saying the company exacerbated air pollution in the area, harmed majority-Black communities who live near their facilities, and violated the Clean Air Act. An xAI spokesperson said at the time the groups announced their intent to sue that the company takes “our commitment to the community and environment seriously.”

WATCH: Tesla CEO Elon Musk says he has no plans to merge the automaker with xAI