Biden’s Inflation

This is what Progressive-Democrat President Joe Biden’s proudly touted Bidenomics has inflicted on us: continued high inflation.

Tacitly, Biden knows his policies are a failure, but he won’t admit it.

For now, officials said, Biden and his senior aides aren’t planning any major policy or rhetorical shifts.

Yet,

Behind the scenes, administration officials said there was no magic bullet to slow rising prices immediately, an issue that has dogged the president for years.

Empty Promises

The Left and their Progressive-Democratic Party politicians have been promising “good paying” jobs in green energy as they try to push our nation off hydrocarbon-based energy onto their “green” energy sources. Here’s an example, in Moapa, NV, of how well kept those promises are.

A coal power plant that once employed as many as 300 people closed near this small town about an hour outside of Las Vegas in 2017. Nevada’s public utility has since transformed the site into a home for batteries that store energy captured by nearby solar panels. The $257 million project received roughly $100 million in federal tax credits because of President Biden’s Inflation Reduction Act.
… Construction of the site and installation of the batteries required roughly 200 workers over a year. Maintaining and operating the batteries will require about five.

Metaphorical Payroll

Now the claim is that a number of the extremely wealthy donors pressured Progressive-Democrat President Joe Biden into effecting a moratorium on approvals for new liquified natural gas exports.

Charities controlled by members of the Rockefeller family and billionaire donors were key funders of a successful campaign to pressure President Biden to pause new approvals of liquefied natural gas exports from the US.

And

“They got our attention,” a senior Biden administration official said of the activists’ efforts, describing the campaign as intense.

More Reasons to Disband

Now the Biden administration is actively seeking to undermine our friends and allies on top of destroying our energy industry.

The White House on Friday announced a temporary pause on pending decisions of exports of liquefied natural gas to non-free trade countries, until the Energy Department can factor climate change into its reviews of the projects.

Two changes (for starters) are badly needed, and these changes badly need significant majorities in the House and Senate and a Republican in the White House (which puts a premium on the elections this fall).

Of Course He Did

The Washington Policy Center says that Washington’s Progressive-Democrat Governor Jay Inslee has known all along that his carbon tax would significantly increase gas prices in the State.

In a Thursday morning blog post, WPC Environmental Director Todd Myers notes that reports from Inslee’s 2014 Carbon Emissions Reduction Task Force, or CERT, showed a carbon tax could result in a significant hike in the price at the pump.
In fact, Inslee’s then-chief policy advisor Matt Steuerwalt, based on an analysis created for the task force, told the Senate Environment, Energy & Technology Committee that a carbon dioxide price of $52 per metric ton—almost identical to the state’s current carbon dioxide price—would increase prices by 44 cents per gallon.

Heat Pump Efficacy

I’ve mentioned earlier the level of energy efficacy of heat pumps. Here is an example of the level of fiscal efficacy of heat pumps. The fronted lede:

A two-year project to convert a public housing building to an electrically powered heat pump system is nearing completion on the Upper West Side. The 58-year-old 20-story tower at 830 Amsterdam Avenue (100th Street), part of the New York City Housing Authority (NYCHA) Frederick Douglass Houses development, is being retrofitted to provide heating, cooling, and hot water for residents—and to serve as a possible template for converting more of the 2,410 buildings NYCHA maintains citywide.

“Emergency Powers”

Progressive-Democratic President Joe Biden has invoked the Defense Production Act of 1950 as an excuse to pour more of our tax dollars into his global warming foolishness. He’s using the Act to pump $169 million into nine projects across 15 sites nationwide in an effort to accelerate electric heat pump manufacturing. There are some serious problems with this. In no particular order:

Only Reliable Way to Enforce Lease Sales

The 5th Circuit has ruled—correctly IMNSHO—that the Biden administration must sell oil and gas leases in the Gulf of Mexico as existing law requires and get it done within the next 37 days.

That’s good news, but it’s insufficient since it lacks an enforcement mechanism. The only reliable enforcement mechanism under this Biden administration is to deem the leases currently applied for to be sold under the parameters provided in the lease applications and to deem future lease applications, until the 73 million acres in question are committed, similarly sold after 37 days, the court’s mandated time limit for getting the Gulf’s acreage leased out.

Federalism and State Taxes

A Wall Street Journal editorial opens with this:

One great benefit of America’s federalist Constitution is policy competition among the states. Voters in Florida don’t have to live under New York’s laws, and Americans and businesses can vote with their feet by moving across state lines.

The editors proceeded to a description of State-level tax laws and the mobility of us Americans and our businesses in leaving States with high taxes in favor of States with, often markedly, lower taxes. But that lede overstates the case.

Mandating Supply in the Absence of Demand

What could go wrong? Look at Progressive-Democrat President Joe Biden’s mandate, through his Energy Department (run by the Secretary who thought it hilarious that we should—or could—produce more oil), that American automakers—Ford, GM, and Stellantis—make only battery cars by 2032. Along the way, look at his Energy Department’s proposed new rule:

The Energy Department in the spring proposed to eliminate the 6.67 multiplier….
Detroit auto makers would be slammed harder than foreign competitors by the regulatory changes because pick-ups and SUVs make up a larger share of their fleet sales. “The average projected compliance cost per vehicle for the D3 is $2,151, while non-D3 auto manufacturers only see an increase of $546 per vehicle,” the Big Three recently told the Energy Department.