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:
New Mexico’s Progressive-Democrat Governor Michelle Lujan Grisham has gotten to be enacted rules mandating battery cars and trucks in New Mexico.
Starting in calendar year 2026, 43% of all new passenger cars and light-duty trucks shipped to New Mexico auto dealerships by national auto manufacturers must be zero emission vehicles. Similarly, beginning in calendar year 2026, 15% of all new commercial heavy-duty trucks shipped to New Mexico auto dealerships by national auto manufacturers must be zero emission vehicles. These percentages gradually increase over time.
Amtrak is in the hole to the tune of $140 million in maintenance costs for its current fleet of trains because the contractor Amtrak hired to build and deliver uprated replacement trains is having trouble with testing requirements and production defects and so is nearly three years late on delivery.
Amtrak is also losing even more revenue in anticipated ticket sales from the new, larger trains that were supposed to enter service in 2021. And the railroad is missing out on other revenue because some older Acela units have been pulled from service to be cannibalized for spare parts.
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.
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.
Progressive-Democrat President Joe Biden has given in to the Venezuelan President Nicolás Maduro administration.
The Biden administration struck a deal Wednesday with Venezuela in which its socialist government will allowing [sic] more competitive elections in exchange for the US easing sanctions on the Venezuelan oil and gas sector.
This is backwards. The Venezuelan government should be required to hold—successfully and without incident—free elections before the sanctions get lifted. This order of events only puts more money int the hands of the thugs running the nation.
Unfortunately, this sort of foolish trust of thugs is all too typical of the Progressive-Democratic Party.
Here are some data regarding the magnitude of favoritism the Federal government is displaying for one American industry over others. These are from the government’s own Energy Information Administration.
- Renewable energy, led by wind and solar, received $15.6 billion in federal government subsidies in fiscal year 2022
- natural gas and petroleum liquids industry received $2.3 billion
- coal industry received $0.873 billion
“Green”-sourced energy is getting orders of magnitude more taxpayer money than are the far cheaper and reliable fossil fuel-sourced energy.
This is how much green energy is supported by taxpayer funds rather than by energy users with the rates they pay their utilities.
How can a financial entity lend? Progressive-Democrat President Joe Biden now is moving to hide individuals’ medical debt from potential lenders.
[P]roposed regulations would prohibit consumer reporting companies from including medical debts and collecting information on consumer reports that creditors use to make underwriting decisions. Creditors would also be barred from using medical collections information when evaluating borrowers’ credit applications.
This on the heels of his constant attempts to render student debt holders unaccountable for their debt.
Last weekend, the San Francisco 49ers and the Los Angeles Rams played an NFL football game. With four seconds to go in the game, and the Rams in possession and down by ten, they went for—and made—a field goal. No time left, and the Rams lose by seven. Had they gone for a touchdown (not a pipe dream, the line of scrimmage was the 49ers’ 20 yard line) and made that, they would have lost by three (or two had they then chosen a two-point conversion). Fail on the touchdown try, and they’d have lost by those ten. Some folks thought the Rams’ decision was “baffling.”
My then-new gasoline-powered 2022 Ford Escape and my wife’s new 2023 Ford Maverick hybrid, each one level down from Ford’s top tier, each cost in the low- to mid-$30 thousands. Joanna Stern, The Wall Street Journal‘s Senior Personal Technology Columnist, evaluated a number of battery-operated cars under $60,000 to see which one of those she liked best. The ones she looked into were the Ford Mustang Mach-E, Tesla Model Y, Hyundai Ioniq 5, Kia EV6, and Volkswagen ID.4.