WATCH: Biden Casually Admits The 'Inflation Reduction Act' Had Nothing To Do With Inflation

President Biden casually admitted that the "Inflation Reduction Act" was actually a massive cash infusion to the green energy lobby while speaking at an energy event in Wisconsin on Thursday.

Biden was in the the battleground state to celebrate the Biden-Harris administration's $7.3 billion "rural electrification" funding drawn from the Inflation Reduction Act.

According to a White House fact sheet, the latest release will support 16 rural electric cooperatives across 23 states as part of an effort to provide affordable electricity to roughly 5 million rural households. Similar projects under the Biden-Harris Administration's Green New Deal policies typically consist of constructing wind turbines.

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While speaking to reporters and green energy advocates, Biden made a stunning admission about the purpose of the "Inflation Reduction Act."

"My investments, through my investments, the most significant climate change law ever," the president said. "And by the way, it is a $369 billion bill, it's called - we should have named it what it was. But, at any rate," Biden continued in his off-script tangent.

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