Jamie Raskin Masterfully Mocks The GOP’s ‘Pathetic’ Anti-Inflation Bill

On Monday, the House Rules Committee began hearings on the long-awaited Republican plan for controlling inflation, and it didn’t take long before it became clear that their bill — HR 347 a.k.a. the “Rein In Act” — is nothing but a publicity stunt that won’t do a damn thing to help reduce prices or inflation.

One of the committee members, Rep. Jamie Raskin (D-MD), began his comments on the legislation by noting, “The world has been waiting with bated breath for their answer to it. The long wait is over.”

Raskin added that the Rein In Act, which stands for Reduce Exacerbated Inflation Negatively Impacting the Nation, would fight inflation by adding new reporting requirements for certain executive orders:

“You heard that right: A reporting requirement related to executive orders.”

Specifically, the bill would require would require the Biden administration to  “provide an inflation estimate” of every executive order “with a significant effect on the gross budget.” Why? According to committee chair Rep. James Comer (R-KY), so that the president will “think twice” before he issues any future orders.

This led Raskin to dryly comment:

“Whether you think this is the most brilliant legislation since Social Security, or the dumbest idea since the last trillion-dollar giveaway in taxes, you must concede that it will have little or zero effect on the global inflation rate or the domestic inflation rate.

“We know executive orders have nothing to do with inflation” and the Reins Act is “devoid of any serious legislative meaning where potential economic consequence … it’s pathetically weak.”

The Maryland Democrat suggested a more accurate name for the legislation would be the “Running on Empty Initiative based on no ideas — None — Act.”

You can watch the video of Raskin’s remarks at this link