It won’t reduce inflation, won’t reduce the budget deficit, and it won’t reduce the world’s temperature

From Samizdata quoting the Wall Stree Journal.  

“Schumer-Manchin won’t reduce inflation, won’t reduce the budget deficit, and it won’t reduce the world’s temperature. What it will do is transfer some $369 billion from taxpayers and drug companies to the pockets of green energy businesses and investors. It will tighten the hold that politicians have on the allocation of capital, as they pick winners and losers with their grants and tax credits. Everyone will get a nice warm feeling as they pretend they are cooling the climate.”

Truth in advertising would seem to be called for.