Why Bidens Inflation Reduction Act Is A Socialist Trojan Horse

Published

1 year 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.

Business

Heathrow set to announce multibillion-pound investment – as it prepares proposal for third runway

Published

1 hour ago

February 12, 2025

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Heathrow set to announce multibillion-pound investment - as it prepares proposal for third runway

Heathrow is set to announce a multibillion-pound expansion plan to create extra capacity at the airport – as it prepares its proposal for a third runway.

The UK’s biggest airport has announced a “once-in-a-generation investment” beginning this year to improve existing buildings and boost passenger numbers.

The development is separate from a new runway – which the government recently announced support for – and will be funded by Heathrow shareholders with airlines and customers charged for the expanded services.

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As part of the investment, the capacity of terminals two and five will be increased and the layout of the airfield will be reconfigured in a bid to improve punctuality and to increase the number of aircraft stands.

In a speech on Wednesday, chief executive Thomas Woldbye is expected to say: “This privately-funded programme will upgrade existing infrastructure while laying the groundwork for a third runway, boosting UK investment and economic growth, with tangible benefits felt this year.”

Heathrow was last month criticised by Europe’s largest airline Ryanair for being “incredibly operationally inefficient”. Because of this, Ryanair chief executive Michael O’Leary said the airline had no interest in and would “never” fly from the airport, even if it were free.

Proposals for a third runway will be submitted to the government “by summer”, the airport said, after Chancellor Rachel Reeves backed the expansion as part of her aim of growing the economy.

The support is seen as controversial as many senior Labour politicians such as London mayor Sadiq Khan and cabinet members including Energy Secretary Ed Miliband have long opposed a third runway on environmental and health grounds.

It’s unclear how the additional carbon emissions from the extra flights would be compatible with the state’s legally binding 2050 emissions reduction targets.

A third runway?

Doubt has been cast over whether a runway could even be built during Labour’s time in power. The process would have to be planned and approved before construction could begin.

Rivers and the M25 road would have to be diverted and hundreds of homes would need to be demolished as part of construction.

Ryanair’s Mr O’Leary said the chance of it being built was “slim” but it could be 2050 even if it does get built.

A question over the third runway’s ability to boost the economy was raised by left-leaning thinktank the New Economics Foundation (NEF)

According to its analysis, growth in the number of business travellers – who may grow commercial links – has ceased and instead, passenger growth has been driven by wealthy British residents rather than foreign tourists entering the country.

The air travel industry is also one of the poorest job creators in the economy per pound of revenue, the NEF said, while the environmental downsides of more flights are “significant”.

Steel pact

As part of interim, pre-third runway expansion Heathrow signed a charter to maximise opportunities for the use of British steel, a move welcomed by steel bosses, unions and the government.

US

Trump doubles down on plans to ‘take Gaza’ as he meets Jordan’s King Abdullah

Published

1 hour ago

February 12, 2025

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Trump doubles down on plans to 'take Gaza' as he meets Jordan's King Abdullah

Donald Trump has doubled down on US plans to take over Gaza in a meeting with Jordan’s King Abdullah II at the White House.

The meeting came the day after the president said he would withhold aid to Jordan, Egypt and other Arab countries if they refused to take in people forcibly displaced from Gaza.

King Abdullah’s “steadfast position” – as he laid out on X after the news conference – was “against the displacement of Palestinians.”

He said Jordan, which is already home to millions of Palestinians, will take in 2,000 children who have cancer or are otherwise unwell.

But on taking in more Gazans, he stressed a solution that was “good for everybody” – including Americans, the “people in the region” and Jordanians – was his priority.

However, the King sat quietly as Mr Trump reiterated his plans to displace two million Palestinians, which he said was a “very small number of people”.

Mr Trump also said he believes there will be “parcels of land” in Jordan, Egypt and “someplace else” where Palestinians will live “happily and very safely”.

“They only want to be in the Gaza Strip because they don’t know anything else, they’ve never had an alternative,” Mr Trump said.

“They are being killed there at levels that nobody has ever seen – no place in the world is as dangerous as the Gaza Strip.”

He claims – contrary to what Gazans have said – that “not one person” wants to stay in Gaza.

Asked to respond to the widespread view among experts in international law that his plan amounts to ethnic cleansing, Mr Trump said: “We are moving them to a beautiful location.”

However, Trump appeared to ease off his previous threat to withdraw aid to countries that refused to take in people from Gaza.

“Well, I don’t want to say that… we don’t have to threaten that, I do believe we’re above that,” he said.

In the same news conference, Mr Trump said the US won’t buy Gaza, it will simply “have it”.

“We don’t have to buy, there’s nothing to buy,” he said.

“It’s a war-torn area, we’re going to hold it, we’re going to take it… Gaza the way it is, civilisation has been wiped out in Gaza. It’s going to be a great economic development.”

He declined to answer how that would work – and how he can avoid spending US taxes running it.

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“We’re going to run it very properly and eventually we’ll have economic development at a very large scale”, he said, promising “peace in the Middle East”.

“With the United States in control of that piece of land… you’re going to have stability in the Middle East for the first time.

“The Palestinians, the people who live now in Gaza, will be living beautifully in another location.

“They are going to be living safely – they’re not going to be killed, murdered and having to leave every 10 years.”

Trump added that he is 99% sure he will work out a deal with Egypt.

US

Russia releases American teacher Marc Fogel from prison

Published

1 hour ago

February 12, 2025

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Russia releases American teacher Marc Fogel from prison

An American teacher sentenced to 14 years in a Russian jail has been released and is flying home to be reunited with his family.

Marc Fogel, 63, was pictured on a flight to the US on Tuesday – more than three years after he was arrested in Moscow for drug smuggling.

He was detained after travelling with what his family said was medically prescribed cannabis. In December, the US government designated him as wrongfully detained.

Mr Fogel left Russia with Middle East envoy Steve Witkoff in what officials said could help bring about talks to end the Ukraine war.

US national security adviser Mike Waltz said: “President Trump, Steve Witkoff and the president’s advisers negotiated an exchange that serves as a show of good faith from the Russians”.

“By tonight, Marc Fogel will be on American soil and reunited with his family and loved ones thanks to President Trump’s leadership,” he added.

Moscow has so far not commented and it is unclear what concessions the US might have made.

“We are beyond grateful, relieved, and overwhelmed that after more than three years of detention, our father, husband, and son, Marc Fogel, is finally coming home,” the family said in a statement.

They said their time apart had been “the darkest and most painful period of our lives”.

Mr Waltz said the deal was “a sign we are moving in the right direction to end the brutal and terrible war in Ukraine”.

Donald Trump said last month his administration was involved in “very serious” talks with Russia about the future of the conflict.

Mr Fogel’s release comes six months after he was excluded from the biggest prisoner swap since the Cold War.

That historic deal won the release of Wall Street Journal reporter Evan Gershkovich and former US Marine Paul Whelan, among others.

Russian hitman Vadim Krasikov was among those released from Western prisons in exchange.

However, US-Russian national Ksenia Khavana remains locked up after getting a 12-year treason sentence in August related to a $52 donation to a charity benefiting Ukraine.