1) Get Ready for Biden’s Plan to Double or Triple Your Home Energy Bills
The Biden White House has adopted a government-wide policy “to accelerate affordable, equitable, and efficient electrification of American homes, businesses, and transportation.”
In other words, they want ALL energy needs that power our $24 trillion economy to come from the electric grid. Even an eighth grader should be able to recognize the dangers of putting all our energy eggs in one basket - if the grid goes down, we’re toast.
Energy expert Robert Bryce (who you should follow on his Substack: https://robertbryce.substack.com/) wonders whether the White House stole this idea from the New York Times, which recently declared “How Electrifying Everything Became A Key Climate Solution.”
Let’s heroically assume that we could create a grid system that will at least double or triple the power sectors’ capacity - which would be necessary to electrify our homes, our cars, our factories, our hospitals, schools, buses trains airplanes, cellphones…
The idea that the government could make this "affordable” for low- and middle-income families is straight out of a science fiction novel.
Bryce examined the cost comparisons from Biden’s OWN Department of Energy and found that homes using exclusively electricity for their heating, cooking, air conditioning, and appliances typically pay two to three times more than those that use natural gas. Even heating oil is much cheaper.
So why transition America to far more expensive energy? Maybe they really ARE trying to destroy our economy.
The Department of Energy's published numbers can be found here:
2) China’s Dominance in the U.S. Supply Chain Waning
This chart from Ed Conard’s Macro Update shows that while China (in red) is still the dominant country in the U.S. trading system, its influence has fallen in recent years. Meanwhile, Mexico (green), Viet Nam (yellow)) and Ireland (light green) are becoming bigger trading partners with the U.S. We regard this trend toward decoupling with Beijing as a positive trend. Thanks to Andy Puzder for pointing this out to us – and you.
3) Obamacare Has Become the “Un-Affordable Care Act”
Democrats hate anything that empowers people to make their own decisions, so naturally, they want to get rid of popular Health Savings Accounts. Their excuse is that the deductibles are too high, so HSAs and the so-called high-deductible health plans they are associated with are bad insurance that leads people to financial ruin.
There’s just one problem – average deductibles on Obamacare’s exchanges are $2,000 more for the typical plan than the HSA average.
Pursuing an agenda to put more people in a program where they pay more (and get less access to doctors and drugs) isn’t compassionate – it’s dogmatic adherence to ideology.
4) Speaking of Failed Democrat Health Care Schemes…
The Biden administration has been touting this week the “success” of last year’s Inflation Acceleration Act. They rolled out the list of 10 drugs whose prices will be capped by the feds, allegedly to reduce health care costs.
There are two problems with this. First, as the excellent editorial in the WSJ reported yesterday, we have strong evidence that these “negotiated” drug price controls are stalling the pace of new drug development- which means that MORE people – especially older Americans will die from delayed therapies and drugs.
Second, most of the short-term healthcare “savings” from these price controls aren’t actually being used to lower overall healthcare costs or to reduce Medicare’s trillions of dollars of future funding shortfalls. Instead, the money is being diverted to help pay for the Biden $370 billion green energy slush fund and electric vehicle subsidies. A recent poll, as reported by the Washington Examiner, shows that the vast majority of seniors are on to this scam.
Remember all those fatuous claims that 95% of scientists agree that manmade climate change is real and catastrophic? We can almost guarantee you that the New York Times won’t report this:
by Addison Smith
A coalition of 1,609 scientists from around the world have signed a declaration stating “there is no climate emergency” and that they “strongly oppose the harmful and unrealistic net-zero CO2 policy” being pushed across the globe. The declaration does not deny the harmful effect of greenhouse gasses, but instead challenges the hysteria brought about by the narrative of imminent doom.
The declaration, put together by the Global Climate Intelligence Group (CLINTEL), was made public this month and urges that “Climate science should be less political, while climate policies should be more scientific.”
CLINTEL is an independent foundation that operates in the fields of climate change and climate policy. CLINTEL was founded in 2019 by emeritus professor of geophysics Guus Berkhout (pictured here, left) and science journalist Marcel Crok (pictured here, right).
“Scientists should openly address uncertainties and exaggerations in their predictions of global warming, while politicians should dispassionately count the real costs as well as the imagined benefits of their policy measures,” the declaration says.
