Stuart Varney: Biden’s Inflation Reduction Act Is Not Working For Middle America

Varney state and it ░░░░░░░░ the site for the ░░░░░░░░ Republican debate one week ░░░░░░░░ today The event marked ░░░░░░░░ one year anniversary of ░░░░░░░░ Inflation Reduction Act It ░░░░░░░░ not get off to ░░░░░░░░ good start Roll it ░░░░░░░░ starts MOORE Joe Biden ░░░░░░░░ all applause Uh oh ░░░░░░░░ I m a little ░░░░░░░░ aren t you all ░░░░░░░░ think I messed up ░░░░░░░░ ends Varney After that ░░░░░░░░ president made some dubious ░░░░░░░░ He used his signature ░░░░░░░░ tone to claim inflation ░░░░░░░░ down and going lower ░░░░░░░░ he seen gas and ░░░░░░░░ prices recently Interest rates ░░░░░░░░ moving up again 7 ░░░░░░░░ mortgages and that s ░░░░░░░░ the housing market stalled ░░░░░░░░ kept out The average ░░░░░░░░ of a home buyer ░░░░░░░░ days is 36 the ░░░░░░░░ in years To deal ░░░░░░░░ inflation consumers now dipping ░░░░░░░░ using their credit cards ░░░░░░░░ have racked up a ░░░░░░░░ dollars worth of credit ░░░░░░░░ debt Hardship withdrawals from ░░░░░░░░ k s rising rapidly ░░░░░░░░ short one year of ░░░░░░░░ reduction has not done ░░░░░░░░ for middle America And ░░░░░░░░ the future Well first ░░░░░░░░ that the Inflation Reduction ░░░░░░░░ is really a climate ░░░░░░░░ bill Biden is trying ░░░░░░░░ convince us that spending ░░░░░░░░ of billions of dollars ░░░░░░░░ transitions to green energy ░░░░░░░░ cut prices That is ░░░░░░░░ a gamble One last ░░░░░░░░ I watched the president ░░░░░░░░ his speech and again ░░░░░░░░ lacked energy and focus ░░░░░░░░ was an unconvincing performance ░░░░░░░░ just can t see ░░░░░░░░ president holding down that ░░░░░░░░ for another six years.”