The White House on Saturday issued a non-apology for President Joe Biden after he made remarks in California about shutting down coal power plants.
“The President’s remarks yesterday have been twisted to suggest a meaning that was not intended; he regrets it if anyone hearing these remarks took offense,” White House Press Secretary Karine Jean-Pierre said in a 322-word statement trying to excuse the president’s comments.
During his speech in San Diego about promoting clean energy, Biden could not have been more clear about his desire to shut down coal-fired power plants.
Speaking about refitting coal plants to generate electricity from wind and solar, Biden boasted they could use the same transmission lines.
“We’re going to be shutting these plants down all across America and having wind and solar,” he said.
Biden also claimed that coal-powered plants were not reliable.
“No one is building new coal plants because they can’t rely on it, even if they have all the coal guaranteed for the rest of their existence of the plant. So it’s going to become a wind generation,” Biden said.
The president also claimed that generating power from green energy sources was more affordable.
“Folks, it’s also now cheaper to generate electricity from wind and solar than it is from coal and oil,” he said. “Literally cheaper. Not a joke.”
Sen. Joe Manchin (D-WV) appeared to be furious at the president, describing the remarks as “offensive and divorced from reality” in a statement.
“Comments like these are the reason the American people are losing trust in President Biden and instead believe he does not understand the need to have an all in energy policy that would keep our nation totally energy independent and secure,” Manchin said in a statement.
Yesterday, Joe Biden declared that all coal-fired electricity plants in the U.S would be shut down, saying, “we’re going to be shutting these plants down all across America and having wind and solar.”
Today, West Virginia Democrat Joe Manchin, the senator who gave Joe Biden the vote he needed for the ‘inflation reduction act’ also known as the climate change investment act that will eliminate all oil, coal and natural gas development, pretends to act surprised that Joe Biden will destroy the West Virginia coal mining industry.
Joe Manchin – “Today, U.S. Senator Joe Manchin (D-WV) released the following statement on comments President Biden made about shutting down coal plants.
“President Biden’s comments are not only outrageous and divorced from reality, they ignore the severe economic pain the American people are feeling because of rising energy costs. Comments like these are the reason the American people are losing trust in President Biden and instead believes he does not understand the need to have an all in energy policy that would keep our nation totally energy independent and secure. It seems his positions change depending on the audience and the politics of the day. Politicizing our nation’s energy policies would only bring higher prices and more pain for the American people.
“Let me be clear, this is something the President has never said to me. Being cavalier about the loss of coal jobs for men and women in West Virginia and across the country who literally put their lives on the line to help build and power this country is offensive and disgusting. The President owes these incredible workers an immediate and public apology and it is time he learn a lesson that his words matter and have consequences.” (read more)
Manchin Massacres Biden Over “Outrageous” Coal Plant Closure Comments
“Divorced From Reality”
Senator Joe Manchin is pissed after President Biden said his administration would ‘shut down’ all of America’s coal plants and replace them with ‘wind and solar’ – comments that couldn’t come at a worse time for Democratic candidates in battleground states that are home to blue-collar Americans and the coal plants they work in, given next week’s midterm elections.
“Folks, it’s also now cheaper to generate electricity from wind and solar than it is from coal and oil. Literally cheaper. Not a joke. I was just — and so we can accommodate that transition,” Biden said last week during a speech at communications company ViaSat in San Diego County.
“I was in Massachusetts about a month ago on the site of the largest old coal plant in America. Guess what? It cost them too much money. They can’t count. No one is building new coal plants because they can’t rely on it, even if they have all the coal guaranteed for the rest of their existence of the plant. So it’s going to become a wind generation. And all they’re doing is — it’s going to save them a hell of a lot of money, and they’re using the same transmission line that transmitted the coal-fired electric on. We’re going to be shutting these plants down all across America and having wind and solar,” Biden continued.
Joe Biden celebrates coal plant workers losing their jobs.
As the National Review notes, “Biden’s message could disadvantage Democrats just three days before midterms, considering that many of the battleground states that will determine the balance of power in Congress are home to coal plants and the blue-collar Americans who work in them. Pennsylvania has 24 plants, Ohio has 15 plants, and Michigan has 13 plants.”
In particular, Biden’s comments stand to hurt Pennsylvania Senate Candidate John Fetterman, who has flip-flopped on Fracking between 2018 and 2022 – finally admitting during a debate last month that he’s for it.
“President Biden’s comments are not only outrageous and divorced from reality, they ignore the severe economic pain the American people are feeling because of rising energy costs,“ West Virginia Democratic Senator Joe Manchin fired back.
“Comments like these are the reason the American people are losing trust in President Biden,” he continued, adding “Let me be clear, this is something that the President has never said to me. Being cavalier about the loss of coal jobs for men and women in West Virginia and across the country who literally put their lives on the line to help build and power this country is offensive and disgusting.”
Of course, a pissed off Manchin won’t have anywhere near the same impact as it once did, assuming Republicans take back the House, Senate, or both chambers in next week’s midterm elections.
(TLB) published this article from ZeroHedge as compiled and written by Tyler Durden
Header featured image (edited) credit: Joe Biden (Image Source: Business Insider) Manchin photo insert by (TLB) editors
Emphasis added by (TLB) editors
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The so-called “Inflation Reduction Act” was signed by President Joe Biden on Aug. 16. On Aug. 24, a mere eight days later, the same president announced his student debt “forgiveness” decree.
Let’s, for the sake of argument, momentarily take the Dems at their highly dubious word and accept that the “Inflation Reduction Act” was not only a “historic” Earth-saving “investment” but one that also saved taxpayers $300 billion by implementing a new tax hike on consumers and a six-fold expansion of the IRS. And let’s suspend our disbelief and ignore the fact that virtually every welfare-state program ends up existing in perpetuity, experiencing mission creep, and costing vastly more than initial projections.
A new Penn Wharton Budget Model study finds that President Biden’s “student loan forgiveness” will cost taxpayers $605 billion—or approximately $300 billion more than the historic recently passed inflation-reducing law was allegedly cutting. That’s using “static” assumptions. The Penn study also finds that probable variations in behavior, due to an income-driven repayment program that caps monthly payments (as if the moral hazard of nationalizing loans wasn’t bad enough), is likely to drive the cost of the program over $1 trillion:
There would also be financial incentives for future borrowers to shift education financing toward more borrowing to take advantage of the 5% repayment threshold. If the Department of Education simply auto-enrolled borrowers for which it had sufficient information (i.e., switched from “opt in” to “opt out”), the additional costs of the IDR program alone could reasonably exceed $450 billion.
Yet, the same political media that suddenly grapples with defining a “recession,” and regularly refers to Florida’s parental freedom bill as “Don’t Say Gay,” has simply regurgitated the Democrats’ propagandistic “inflation” bill language, even though anyone who’s spent five minutes in Washington understands that the “savings” were nothing but accounting gimmicks meant to allow Joe Manchin and others to tell their constituents that inflation concerns were satisfied. And by the way, where is the principled Manchin today? After helping Democrats play this transparent game where socialists demand $5 trillion and then settle for a bill with an estimated price tag of $740 billion, he is silent on Biden’s trillion-dollar unconstitutional spending decree.
Even if we believed all the fabricated numbers found in the “Inflation Reduction Act,” not only did Biden’s loan “forgiveness” decree blow up any pretense that the reconstructed “Build Back Better” bill was even nominally about stemming inflation, but it blew it up in just eight days.
In a recent article, Bloomberg details Bill Gates’ efforts to lobby Joe Manchin over the climate and spending bill known as the “Inflation Reduction Act” even though it won’t reduce inflation according to nonpartisan experts. Gates worked hard to ensure the passage of the bill as it would further his creepy vision of a transition to clean energy.
Bloomberg reports that tech billionaire, sex pest, and noted global meddler Bill Gates spent significant time lobbying Sen. Joe Manchin (D-WV) over new legislation that Gates claimed would combat global warming and climate change. Gates reportedly spoke to Senate Majority Leader Chuck Schumer in an attempt to keep the climate bill alive.
President Joe Biden signs the Democrats’ landmark climate change and health care bill in the State Dining Room of the White House in Washington, Tuesday, Aug. 16, 2022, as from left, Sen. Joe Manchin, D-W.Va., Senate Majority Leader Chuck Schumer of N.Y., House Majority Whip Rep. James Clyburn, D-S.C., Rep. Frank Pallone, D-N.J., and Rep. Kathy Castor, D-Fla., watch. (AP Photo/Susan Walsh)
In an interview, Gates said: “[Schumer] said to me on one call that he’d shown infinite patience,” Gates replied: “You’re right, and all you need to do is show infinite plus one patience.”
Gates was banking on more than just his trademark optimism about addressing climate change and other seemingly intractable problems that have been his focus since stepping down as Microsoft’s chief executive two decades ago. As he revealed to Bloomberg Green, he has quietly lobbied Manchin and other senators, starting before President Joe Biden had won the White House, in anticipation of a rare moment in which heavy federal spending might be secured for the clean-energy transition.
Those discussions gave him reason to believe the senator from West Virginia would come through for the climate — and he was willing to continue pressing the case himself until the very end. “The last month people felt like, OK, we tried, we’re done, it failed,” Gates said. “I believed it was a unique opportunity.” So he tapped into a relationship with Manchin that he’d cultivated for at least three years. “We were able to talk even at a time when he felt people weren’t listening.”
Now, the bill has been signed into law by President Joe Biden following a unanimous Democrat vote. The bill is a landmark victory for Democrats who succeeded in passing it without a single Republican vote. “I am confident this bill will endure as one of the greatest legislative feats in decades,” said Chuck Schumer at the signing of the bill earlier this week.
Breitbart News’ John Carney reported this month that the Inflation Reduction Act will not only fail to lower inflation, but will also increase deficit spending for four years:
The Inflation Reduction Act, which nonpartisan analysts say would not reduce inflation, would shrink budget deficits by $101.5 billion between this year and 2031, the Congressional Budget Office said in an estimate on Wednesday.
Between this year and 2027, however, the budget deficit would grow by $24.6 billion. The nonpartisan budget analysis agency sees the deficit falling next year as new tax provisions kick in and then being higher in each year until 2028.
The shift is due to expectations in the timing of when changes in drug pricing would take effect. The 10-year cost is also reduced by the sunsetting of some of the spending provisions, something that has been attacked by Republican lawmakers as a gimmick that conceals the true cost of the bill.
The House on Friday passed the $700 billion Inflation Reduction Act, which, unlike its moniker, would not reduce inflation, and instead spends hundreds of billions of dollars on climate change and Obamacare programs.
The House passed the legislation along partisan lines, 220-207. The vote featured no Democrats voting against the bill and no Republicans voting for the bill.
This includes Rep. Jared Golden (D-ME), a swing district Democrat who voted against the American Rescue Plan and the Build Back Better Act.
Breitbart News reported on Thursday that House Republican leadership would whip Republicans against the legislation to ensure that zero Republicans vote for the bill. Since the legislation uses budgetary reconciliation, Republicans cannot stop Democrats from passing the bill; however, one senior House Republican staffer explained that they plan on making Democrats “own” the bill, which includes highlighting the deleterious effects of the bill.
The legislation would:
Allow Medicare to negotiate the price of drugs
Extend enhanced Obamacare subsidies for three years, which would cost $64 billion
Reduce the deficit by $300 billion
Increase taxes while America just entered a recession
Boost funding for the IRS by $80 billion, which would make the agency larger than the Pentagon, State Department, FBI, and Border Patrol combined
Create hundreds of billions of dollars in green energy slush funds for the federal government to dole out
The bill contains budget gimmicks and fake offsets that mask the true cost of the bill
House Republican Leader Kevin McCarthy (R-CA) ahead of the vote lashed into Democrats for failing to even show up in person to vote for their $700 billion bill:
The Republican leader spoke for just short of an hour, mirroring his similar long speech ahead of the House vote to pass the Build Back Better Act. His eight-hour-long speech ended up delaying the vote on the Build Back Better Act. The Speaker of the House, the Majority Leader, and the Minority Leader can speak for virtually an unlimited amount of time during debate on legislation before the House floor.
After McCarthy spoke, Pelosi laid into the many reasons why she believes that this bill will benefit the country. She noted that the she has stopped referring to the bill as the Inflation Reduction Act, as Senate Republicans were able to strip the name from the bill, and the bill does not have a major budgetary impact:
Pelosi noted she was trying to avoid repeating the “Inflation Reduction Act” bill nickname.
Notably, Republicans were able to strip that reference out of the bill in the Senate because the bill name has no budgetary impact.
It is ironic that Sen. Joe Manchin (D-WV), who struck the deal that led to the bill with Senate Majority Leader Chuck Schumer (D-NY), wanted the bill to focus on reducing inflation, as which the bill does not do.
An updated Penn Budget Model analysis on Friday found that the bill would only reduce inflation by 0.1 percent over five years. The Congressional Budget Office (CBO) found similar results.
The legislation would also be harmful for many working-class Americans.
The Inflation Reduction Act institutes price controls for the Medicare Part D program, which would result in American seniors’ having their drug benefits cut. Sen. Rick Scott (R-FL) described these price controls as a “war on seniors.”
The $700 billion Inflation Reducation Act would also provide $2.2 billion in financial assistance to farmers, ranchers, and forest landowners that experienced “discrimination.” The program is meant to replace an American Rescue Plan scheme that is intended to grant benefits to minority farmers. The program was blocked by the courts, and Sen. Mike Braun (R-IN) tried to block this version of it during the “vote-a-rama” section of the voting process.
Biden and congressional Democrats have repeatedly claimed that the bill would not raise taxes on Americans making less than $400,000 per year. However, Democrats voted down an amendment by Sen. Mike Crapo (R-ID) that would have banned new IRS funds from being used to target working-class Americans.
Further, language in the Inflation Reduction Act vowing “nothing in this subsection is intended to increase taxes on any taxpayer with a taxable income below $400,000″ was removed from the bill.
To attempt to fulfill Democrats’ promise, Treasury Secretary Janet Yellen wrote the IRS commissioner, asking the agency not to raise taxes on those making less than $400,000 per year.
“Specifically, I direct that any additional resources … shall not be used to increase the share of small business or households below the $400,000 threshold that are audited relative to historical levels,” Yellen wrote.
The nonpartisan Joint Committee on Taxation (JCT) found that the bill’s 15 percent corporate minimum tax would hit manufacturers hardest.
In part, the passage of the Inflation Reduction Act came after Senate Republicans gave Democrats the votes to pass a bipartisan semiconductor bill, or the $280 billion Creating Helpful Incentives to Produce Semiconductors (CHIPS) Act.
Senate Minority Leader Mitch McConnell (R-KY) had promised to block the CHIPS bill if Democrats were to advance a reconciliation bill. After Republicans helped to pass the CHIPS bill, believing that there was no reconciliation bill, they lost any leverage to block a future reconciliation bill.
Multiple Republicans admitted that the Senate GOP Conference got bested by Democrats.
“We got our ass kicked. It’s just that simple. Looks to me like we got rinky-doo’d. That’s a Louisiana word for ‘screwed.’ And we got our ass kicked. That’s the way my people back home see it,” Sen. John Kennedy (R-LA) said.
Sen. Rick Scott (R-FL) said, “Yesterday’s announcement by Joe Manchin and Chuck Schumer showed again that too many Senate Republicans unfortunately trusted Democrats and got duped. Some are pretending to be shocked. It’s not shocking at all.”
The legislation goes to President Joe Biden’s desk to sign, where it will become law.
Sean Moran is a congressional reporter for Breitbart News. Follow him on Twitter @SeanMoran3.
Sen. Mark Kelly (D-AZ) voted against an amendment for President Joe Biden to develop a five-year program for oil and gas in the Gulf of Mexico despite having previously urged the president to do so.
Prior to Democrats passing the “Inflation Reduction” Act, Sen. John Kennedy (R-LA) proposed introducing an amendment to the massive spending bill that would have the Biden administration develop a gas and oil plan in the Gulf of Mexico based on the letter that Manchin and Kelly wrote on March 31.
The Democrat-controlled Senate passed the massive spending package on Sunday, which reportedly aims to reduce the deficit and curb inflation while “extending enhanced Obamacare subsidies, spending more than $300 billion on climate change programs, and allowing Medicare to negotiate the price of drugs,” according to Breitbart News.
The bill passed along party lines after moderate Manchin struck a deal with Biden after months of resistance. Vice President Kamala Harris provided the tie-breaking vote.
In a statement following the vote, Republican National Committee Chairwoman said that Democrats will face consequences during the November midterm elections.
“Democrats will pay the price in November for raising taxes on families during a recession,” McDaniel told Breitbart News.
“It’s been a long, tough and winding road,” Sen. Chuck Schumer (D-NY) said ahead of the vote.
The Inflation Reduction Act arose after Schumer and Sen. Joe Manchin (D-WV) struck a deal on a slimmed-down version of the Build Back Better Act. The Inflation Reduction Act focuses on reducing the deficit and curbing inflation, extending enhanced Obamacare subsidies, spending more than $300 billion on climate change programs, and allowing Medicare to negotiate the price of drugs.
Sen. Joe Manchin, D-W.Va., talks with reporters as the Capitol in Washington, Aug. 1, 2022. (AP Photo/J. Scott Applewhite)
House Republican Study Committee (RSC) Chairman Jim Banks (R-IN) has detailed the 50 most radical aspects of the legislation.
Perhaps ironically for Manchin, the bill would not reduce inflation, according to the Penn Wharton Budget Model and the Congressional Budget Office (CBO).
The legislation would also hit manufacturers hardest with a 15 percent corporate minimum tax, according to the Joint Committee on Taxation (JCT).
The Inflation Reduction Act would also add more “fuel” to the “inflation fire,” according to Rep. Jason Smith (R-MO), the ranking member of the House Budget Committee. He explained that the Inflation Reduction Act utilizes budget gimmicks and fake offsets to mask the true cost of the bill. Smith said the bill would add $114 billion to the debt when accounting for Manchin’s fake gimmicks.
The bill goes to the House, where it will likely pass, barring any major disputes that have yet to arise.
The House Freedom Caucus released a statement after the vote, declaring their opposition to the Inflation Reduction Act:
The fact is that Democrats’ latest spending bonanza has far more to do with enacting their socialist ‘Green New Deal’ agenda than truly helping Americans suffering from staggering 9.1% inflation. A host of non-partisan experts all agree that this legislation will not decrease inflation, and many forecast that it will have the opposite impact. Worse still, not only does this bill direct $369 billion in handouts to climate change special interests, but it does so on the backs of the American taxpayer. To finance their socialist agenda, Democrats are supersizing the Internal Revenue Service with $80 billion (six times the agency’s annual budget) to create an army of 87,000 new enforcement agents to target Americans with as many as one million additional audits per year on taxpayers earning less than $200,000 – the same middle-class suffering the most from the skyrocketing inflation of Bidenomics.
The Freedom Caucus added, “The misnamed ‘Inflation Reduction Act’ is a disaster from every perspective and it must be defeated.”
Sean Moran is a congressional reporter for Breitbart News. Follow him on Twitter @SeanMoran3.
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