Many groups and countries are lining up for new handouts by Congress, now that it is functioning again with a new Speaker. Among those with their hats in their hands for billions of dollars is the green energy industry of windmills and battery-powered cars. Fortunately, newly inducted House Speaker Mike Johnson, R-La., is fully supported…
Many groups and countries are lining up for new handouts by Congress, now that it is functioning again with a new Speaker. Among those with their hats in their hands for billions of dollars is the green energy industry of windmills and battery-powered cars.
Fortunately, newly inducted House Speaker Mike Johnson, R-La., is fully supported by conservative lawmakers in the House who want separate votes on spending-neutral bills. First out of the gate is a $14.3 billion aid package to Israel that is funded by repealing part of Biden’s $80 billion IRS expansion.
On Monday, Biden’s Treasury Department announced that it will borrow the most ever for a fourth quarter: $776 billion. The multi-billion-dollar cost of the Leftist green agenda is not something we can afford to ignore anymore.
Ask Ford Motor Company. Since last Thursday afternoon, Ford’s stock has fallen by 14% in three business days on news of its losing a more-than-expected $1.33 billion in its electric vehicle (EV) unit for the third quarter, which translates into an average loss of $36,000 on every EV it sold.
Once a preeminent American corporation, Ford’s value has fallen to only $38 billion in market capitalization, and it cannot survive annual losses of $5 billion on EVs. A sharp increase in costs for raw materials needed by the batteries in EVs has cast doubt on if and when electric cars would ever be profitable to sell, despite mandates by Biden and California Gov.
