Commentary
If you were on vacation last week, good for you. You missed one of Congress’s greatest-ever scams. They just approved some $750 billion (do these numbers even mean anything anymore?) to “transition” us from fossil fuels and coal over to reliance on the wind and sun, and also to subsidize a bunch of chip manufacturers because American companies screwed up their inventory control two years ago.
The worst of the two bills is called the Inflation Reduction Act. Shameless!
The details of this don’t matter as much as the big picture. What you have in Congress and the presidency right now is exactly what one might expect from an empire in decline. Special interests are tapping the petty racketeers in political power to pillage as much of American prosperity as possible before they are swept out of office in November….