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From the opinion pages of the Wall Street Journal, this is Potomac Watch.

President Biden and Democrats have spent the week touting the first anniversary of the

inflation reduction act. Clearly they think this is a political winner going at 2024. We'll talk about

their political calculation as well as about how the inflation reduction act is turning out in

the real economy. As it is, in fact, likely to become a major issue in 2024. Welcome. I'm Paul

Jigo with the opinion pages of the Wall Street Journal. And here with my colleagues, Kim Strassel

and Alicia Finley, who have been following this political and policy debate from the start. Welcome

to you both. The IRA, as it's called, passed a year ago when Joe Manchin, West Virginia

Democrats, decided to change his mind and support the bill. It passed on a strictly party line vote

using reconciliation procedures that allowed it to pass with a simple 50-vote majority in the Senate

along with a tie-breaking vote by Vice President Kamala Harris. That sets the stage for the political

fight over its impact and whether it is working or not for the economy and the American public. Let's

listen to President Biden talk Wednesday at the White House about the IRA. It's taking the most

aggressive action ever on climate energy ever. I've long said, and that's why I think all the

unions have come along. I've long said, when I think climate, not a joke, I think jobs. I think jobs.

Republicans have repeatedly tried to repeal key parts in the inflation reduction act,

including the Speaker of the House now, taking credit for the billions of dollars in private

investments and thousands of jobs coming into their states. That's okay. I ran for President. I

...