The IRA could shield the U.S. economy from rising oil prices and broken supply chains that caused the recent high inflation.

It could protect the economy from rising oil prices, which have caused nearly every recession since World War II.

The IRA may have spurred $500 billion in business factory investments, despite measures to lower inflation, which many economists said would cause a recession.

However, it did not immediately lower inflation, but it did not lead to price skyrockets as Republicans predicted.

The bill may have strengthened the job market, but Biden’s recession did not happen.