My wife’s family is from North Tonawanda, New York which is a short distance from Niagara Falls. As a result, I have been to Niagara Falls many times. Every time I see the falls, I ask myself the same question. “Who discovered the existence of these falls?” Imagine yourself in a canoe, enjoying the nice strong current, only to notice a loud noise and an enormous cloud of mist ahead. Suddenly you find yourself headed toward the brink of Niagara Falls with no potential of avoiding going over the edge. Enjoy the ride, it will be your last.
Today the entire Democratic Party has voted to go over the falls. They have convinced themselves that the solution to the problems created in large part by their own irresistible urge to spend money they don’t have on things no one needs is to spend more money they don’t have on things no one needs. Somehow, they think this will result in a huge win that will propel them to victory during the mid-term elections. If this succeeds, we are doomed, not because of this impact of this legislative nightmare, but because the country will have proven itself to be irredeemably stupid.
The least likely outcome will be that the inflation reduction act will have any impact on reducing inflation. Even the usual left-wing socialists masquerading as objective journalists in the MSM are scratching their heads on this one. Every poll shows that the number one concern for most people is the economy and whether fair or not, most people blame Joe Biden. It is hard to find anyone, other than a Democrat in congress, who thinks this is a good idea. Yet every single Democrat in the Senate voted for this disaster, and it was passed with the vote of the only person in the country more incompetent than Joe Biden. What could possibly go wrong?
Perhaps I am wrong. Perhaps this is pure economic genius. Perhaps spending billions on things, we don’t need with money we don’t have will miraculously turn this recession into an economic boom. Imagine you are a person who inherited a ton of wealth. You decide you no longer needed to earn money; you can just spend it. You buy houses and cars you don’t need. Eventually you run out of money, so you borrow more money to buy more houses and cars you don’t need. This has been tried by some of the richest families in this country, and the results have always been the same. If you want to see how well this strategy works, check out the American Dynasty series on Fox Nation.
The only question is how soon it will become obvious that this is the economic equivalent of pouring gasoline on a fire to try and slow the spread? My guess is far sooner than anyone can even imagine because every smart businessman is looking at this and unless they are on the receiving end of a ton of cash are saying, “uh, no.”
I wonder if Democrats in congress even realize what they have accomplished. We are now at the point where even life-long Democrats are increasingly likely to vote for Republicans, not because they deserve their support, but rather because the entire Democratic Party just voted to go over the edge. Things are so bad that the margin of victory for Republicans may be so large that even the vaunted Democratic fraud machine is unlikely to find enough votes to change the outcome. This is so bad that even some of the really poor candidates stupidly chosen to snatch defeat from the jaws of victory may accidentally still win in spite of their best efforts.
One other thing about Niagara Falls. Things that go over the edge, tend to get caught in the currents under the falls, smashed to pieces, until the falls spits out the remains to get washed away in the downstream current.