Spending bill moves US economy toward 'neo-Marxist,' collectivist model: Former Treasury official

Former Treasury official Monica Crowley took a deep dive into the Inflation Reduction Act that President Biden signed into law on "Jesse Watters Primetime."

And here we have another bill that is moving this country away from economic freedom and free market capitalism toward a more neo-Marxist, kind of collectivist model. So when the Left talks to you about climate change, when they say they're really interested in preserving the environment, they might have some top-line concern about those issues. But that's not what any of this is about. What it's about is, again, re-engineering the U.S. economy and because the energy sector is the biggest lever that's available to them in order to achieve that, that's what they continue to attack and that's why they continue to spend the way they do.