It's not even his field.
Sunday, March 24, 2024
Saturday, March 23, 2024
Biden tailpipe rule will turn America into a Cuba of old cars
New York Post here:
Biden’s goals will push internal-combustion-vehicle prices into the stratosphere, and likely still not get consumers to play along; the 2032 mandate is beyond impossible to meet.
Instead, Americans will keep older cars on the road far longer; even paying through the nose for clunkers and repairs will be the better bet.
May 2023: Average age of a car on the road in the US hit a record 12.5 years, up 3 months from 2022.
I have two cars for my family. One is 27 years old, the other 17.
Remember Cash For Clunkers under Obama?
Yeah, I skipped that.
Kim Strassel: Biden is coming for your truck
The column is here:
It’s a tailor-made issue for Donald Trump,
a perfect summation of his opponent’s radicalism. His campaign
immediately trashed the rule as a diktat that will “force Americans to
buy ultra-expensive cars they do not want and cannot afford while
destroying the U.S. auto industry.” Just wait until he gets around to
the bumper-sticker formula: “They’re coming for your truck.” An energy
trade group has already been up with ads making that point in swing
states, calling on Americans to reject Biden’s “EPA car ban.”
Brutal video shows citizen after citizen blasting Chicago Mayor Brandon Johnson to his face over illegal aliens displacing and terrorizing inner city minorities
Definitely worth a watch, here.
The guy at the end likens one party Democrat rule in Chicago to the one party communist state of China.
Impressive!
The US Senate just passed the funding bill
CNN just reported:
The funding legislation was approved by a vote of 74-24 at 2:02 a.m. ET, more than two hours after the midnight ET deadline for passage of the critical legislation that was approved by the House on Friday.
Friday, March 22, 2024
Compromise spending bill passes US House 286-134 bringing fiscal year 2024 federal discretionary spending to $1.659 trillion through September
WASHINGTON — The House voted 286-134 on Friday to pass a sweeping $1.2 trillion government funding bill, sending it to the Senate just hours before the deadline to prevent a shutdown. ...
The bill, released early Thursday, funds the departments of Homeland Security, State, Labor, Defense, Health and Human Services and various other agencies. Together with the $459 billion bill passed earlier this month, it fully funds the federal government to the tune of $1.659 trillion through September, after months of stopgap bills and negotiations.
More here.
The Roll Call Vote is here, if you want to check how your representative voted.
The argument is perennially NOT about deficit spending, but deficit spending on WHAT.
The projected tax shortfall for all programs for fiscal 2024 is $1.582 trillion, more than half of which will be net interest expense of $0.870 trillion on the exploding national debt. Interest payments on what we have already borrowed now exceed defense outlays of $0.822 trillion.
CBO in early February estimated fiscal 2024 discretionary spending at $1.739 trillion, so today's bill "saves" a mere $80 billion off that.
Mandatory spending on Social Security, Medicare, Medicaid, etc. is estimated at $3.908 trillion for fiscal 2024.
It's obvious that spending should be cut and taxes raised, but no one has the courage for either.
They should just agree to do both and let the chips fall where they may. Everyone out here will be pissed, vote accordingly, and it would be a wash politically.
Current national debt is $34.5612 trillion and rising.
Israel Defense Forces trick Hamas and its supporters around the world, return to Shifa Hospital killing and capturing hundreds lol
The Jerusalem Post reports:
The IDF announced on Thursday that in its four-day operation in Shifa Hospital in northern Gaza, it has now killed around 140 terrorists from Hamas and Islamic Jihad, as well as arrested around 650 additional terrorists.
... the IDF may have intentionally waited longer for more terrorist senior officials to arrive before attacking. ...
Some IDF sources explained that the terror groups likely returned to Shifa, despite the IDF already having cleaned it out in November 2023, because they did not expect the military to return to the hospital in the middle of Ramadan, with a rise in global criticism of Israel, and with hostage negotiations at a critical point.
I found the source for Trump's well-founded fear of an auto industry bloodbath
CNBC reports today:
Why a small China-made EV has global auto execs and politicians on edge :
There’s fear among global automakers that Chinese rivals like the Warren Buffett-backed BYD could flood their markets, undercutting domestic production and vehicle prices to the detriment of their own auto industries.
“The introduction of cheap Chinese autos — which are so inexpensive because they are backed with the power and funding of the Chinese government — to the American market could end up being an extinction-level event for the U.S. auto sector,” the Alliance for American Manufacturing, a U.S. manufacturing advocacy group, said in a report last month.
BYD sold 1.57 million battery EVs last year, up from just 130,970 all-electric vehicles in 2020. That sales growth was enough to surpass Tesla to become the world’s largest producer of electric vehicles in late 2023.
The rise of BYD and other Chinese automakers led Tesla CEO Elon Musk in January to warn that Chinese automakers will “demolish” global rivals without trade barriers. ...
The company has quickly rolled out new and updated products. It’s also rapidly established manufacturing, as it has its eyes set on factories in Thailand, Brazil, Indonesia, Hungary, Uzbekistan and, potentially, Mexico. ...
Former President Donald Trump – the front-runner among Republicans in the 2024 presidential race – on Saturday suggested instituting a 100% tariff on cars made in Mexico by Chinese companies, should he be elected to a second term.
Thursday, March 21, 2024
Fascist Joe Biden makes $20 billion in grants and loans to Intel in Arizona under the $114 billion Chips Act, which is all borrowed money, to buy votes
Democrats are more than willing to hand Joe Biden slush money to buy votes, but $25 billion for a wall? No way.
Bloomberg doesn't even hide it:
(Bloomberg) -- President Joe Biden said his $20 billion award to Intel Corp. demonstrated his investments in US industries that had withered under Donald Trump’s tenure, touting a flurry of government spending he hopes will help him defeat his Republican rival in a general-election rematch. ...
Biden trails Trump in several crucial states, including Arizona, as voters remain skeptical of the president’s handling of the economy. Biden is responding by using his bully pulpit, as well as federal dollars, in states to show the public the results of his plans. The president said Wednesday’s announcement would support 10,000 manufacturing jobs, including 3,000 in Phoenix. ...
Intel is the first company to land a preliminary funding deal from the Chips Act for advanced manufacturing facilities. The law provided $39 billion in grants, plus loans and guarantees worth $75 billion to persuade companies to build factories on US soil and reverse a decades-long shift of semiconductor production to Asia.
Joe Biden buys 78,000 more votes, total vote-buying program to date adds $144 billion to the national debt
4 million voters purchased.
Biden cancels nearly $6 billion in student debt for 78K public service workers
The
White House has approved nearly $144 billion in federal loan
forgiveness for about 4 million borrowers in total, according to the
administration.
Biden deals bloodbath blow to auto industry, EPA finalizes rule requiring 67% of new cars and trucks sold to be electric by 2032
The administration forged ahead with its plan despite pleas from thousands of car dealerships across the country, warnings from industry leaders and major manufacturers slashing production. Demand in recent years has failed to meet growth expectations. ...
“This rule is delusional,” the senators said. “This is the Biden administration’s attempt to get rid of the internal combustion engine without congressional authority.” Sen. Joe Manchin III, a moderate Democrat from West Virginia, was ready to side with Republicans. He called the rule “reckless and ill-informed.” “The federal government has no authority and no right to mandate what type of car or truck Americans can purchase for their everyday lives,” said Mr. Manchin, who chairs the Senate Energy Committee.
At the current pace of sales growth of all-electric and plug-in hybrid vehicles, the U.S. would take decades to meet the administration’s 2032 goal. ...
The EPA wants 67% of all new light-duty vehicles and up to 32% of medium-duty vehicles to be electric by 2032. That includes a mixture of all-electric, plug-in electric hybrids and battery electric hybrids.
More.
Last August the FBI gunned down 75-year old Craig Deleeuw Robertson in his Utah home, two days ago the ATF mortally wounded 53-year old Bryan Malinowski in his Arkansas home
Utah man suspected of threatening President Joe Biden shot and killed as FBI served warrant
Arkansas airport executive shot during attempted search warrant, police say
Totally normal.
Jerome "Arthur Burns" Powell ignites gold fever
The London PM gold fix soared 437% between 1970 and 1978 using average prices.
Gold is up about 60% since Powell became Fed Chair in February 2018. Gold has risen from about $1333 to $2142 on an average basis.
Gold hits fifth record high in March on Fed rate-cut view :
Gold prices on Thursday hit record highs for the fifth time this month after the U.S. Federal Reserve signaled it would press ahead with three rate cuts in 2024 despite elevated inflation.
Spot gold was up 1.1% at $2,209.65 per ounce at after hitting an all-time high of $2,222.39 earlier in the session. U.S. gold futures soared 2.4% to $2,212.40. ...
Despite recent high inflation readings, Fed chair Jerome Powell said the U.S. central bank is still likely to reduce interest rates by three-quarters of a percentage point by the end of 2024, but that it also depends on further economic data. ...
Lower interest rates decrease the opportunity cost of holding non-yielding bullion . . ..
Wednesday, March 20, 2024
If he can resign, so can Joe Biden
Ireland’s Prime Minister Leo Varadkar unexpectedly resigns
Remember all those women who resigned about a year ago?
Jacinda Ardern
Diane Feinstein (announced she wouldn't run again)
Lael Brainard
Christine Wilson
Nicola Sturgeon
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