“WE SHOULD HAVE NAMED IT WHAT IT WAS.” The Inflation Reduction Act was perhaps the signature achievement of the Biden-Harris administration. The only problem was that it wasn’t about inflation and did not reduce inflation. Rather, it was a giant, $369 billion climate spending bill that Democrats, for whatever reason, believed they could not openly say was a giant, $369 billion climate spending bill. And since inflation, fueled by other Biden-Harris spending, was raging at the time, they decided to call the climate bill the “Inflation Reduction Act” and hope nobody would notice.

Now, President Joe Biden has finally admitted the bill wasn’t about inflation and that the name did not describe what it was. Speaking Thursday at an event in Westby, Wisconsin, to tout all the spending he has gotten through Congress in one term, Biden said he wants to highlight the “progress we’ve made together by our ‘Investing in America’ agenda.” Biden continued: “I’m proud to announce that my, uh, my investments, that through my investments, the most significant climate change law ever. And by the way, it is a $369 billion bill. It’s called the — uh, we, we should have named it what it was.”