Unleash Prosperity Hotline #983

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Unleash Prosperity Hotline
Issue #983
03/25/2024
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1) Biden's Secret Plan To Move the Auto Industry to China

Henry Ford must be rolling over in his grave.

Last week we enumerated in the HOTLINE the many reasons the new Biden electric vehicle mandates are so unworkable and anti-American.

Here's another one that belongs at the top of the list: under Biden's EPA regulations, the cars won’t/can’t be made in Detroit or Ohio or Tennessee or Texas. They’ll have to come from China.

Last time we checked, the UAW - which recently signed its own death warrant by endorsing Biden for president - doesn’t have many dues-paying members in Beijing or Shanghai.

The EVs have to be made outside the U.S. no matter how many tens of billions of tax dollars Biden throws at them because Biden's regulator war on mining has made the U.S. almost entirely dependent on China (and a handful of other unfriendly nations) for so many of the metals and precious minerals necessary for the batteries to be produced. We’ve handed China and its partner countries a near monopoly. Here are the numbers from the New York Times:

One solution would be to immediately start increasing permits for mining in the mountainous western states – Montana, Colorado, Wyoming, and the Dakotas. A CTUP report by Ned Mamula, the country’s leading expert on the inventory of natural resource assets in the USA – estimated that the value of these mineral resources exceeds $10 trillion.

Ironically, many of the same green groups that insist we have to move toward 100% renewable energy, wont allow the mining for the resources we need to operate windmills, solar panels, and electric batteries.

You can’t win with these people.

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2) They Call It “Green” Energy Because It Costs So Much Money

No state has become more reliant on wind and solar power than California – and they pay through the nose for it.

Robert Bryce, one of our favorite energy analysts, shows in his latest Substack column that Californians pay nearly twice as much for their electric power as the residents of all other states.

Comparing major city electric power costs tells the same story. San Francisco and San Diego residents pay twice as much for their power as residents of other large cities, even though few states have more energy resources than California.

The old saying is that what starts in California soon spreads to other states. The lesson here from the Golden State is that “green” energy is an expensive mistake.

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3) House Speaker Johnson: Read My Lips, No Tax Hike Commission

Kudos, Mr. Speaker! We have repeatedly warned against the trap of a "bipartisan fiscal commission" as a way to get Republican fingerprints on tax hikes:

So here is some cheerful news: Speaker Mike Johnson has ruled out any commission if tax hikes are on the table. Here’s what he told CNBC last week:

I have been supportive of a bipartisan, bicameral [fiscal] commission. The catch is, you want to make sure that they don't go in with the idea that they would be raising taxes because I think raising taxes is problematic in a situation like this. I'm a limited government fiscal conservative -- I believe in the principle of reducing taxes on job creators and innovators and risk takers and hardworking families, and reducing regulation so you can unleash the economy. And this is not just a theory. You know we proved this, the first two years of the Trump administration.

Keep reading the HOTLINE, Mr. Speaker.

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4) NYT Admits COVID School Closures Failed Kids

If you haven’t yet read our widely publicized COVID Lessons Learned study that we released last week, you can access it here. One of the most vital lessons learned was that school closures were a disaster for our kids.

So we were pleased to see that the New York Times now – finally – admits this:

Today, there is broad acknowledgment among many public health and education experts that extended school closures did not significantly stop the spread of Covid, while the academic harms for children have been large and long-lasting...

"Closing schools did not appear to significantly slow Covid’s spread... "Infectious disease leaders have generally agreed that school closures were not an important strategy in stemming the spread of Covid," said Dr. Jeanne Noble, who directed the Covid response at the U.C.S.F. Parnassus emergency department.

And they presented this chart, a version of which is also in our COVID Lessons Learned paper:

Of course, unlike the New York Times, we opposed school closures from the beginning – and actively countered false reporting by the Times and others who went all out to keep kids locked out of schools.

The one thing conspicuously missing from the Times article is accountability for the paper's leading role in this disaster:

New York Times COVID reporter Apoorva Mandavilli deserves special mention here for contributing most of the paper's fake news reporting about kids and COVID. This includes the time she told the world's foremost pediatric COVID expert that honesty about the about-the-same-as-flu risk to children was "supremely unhelpful":

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5) Democrats Are Clobbering Republicans in the 2024 Money Raising Sweepstakes – So Far

FEC records show that Republicans are getting outspent by the Democrats by a two-to-one margin in the presidential race. The GOP is also well behind the Democrats in the money hunt in nearly all other federal races. There’s a new term for all this political cash Democrats are collecting: “buck raking.” It’s the one thing the left is really good at.

It’s ironic that Democrats keep accusing Republicans of being the “party of the rich,” but at the moment, Democrats have far more billionaire big-givers than the GOP.

Money isn’t everything in elections, but it sure helps.

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6) The Beautiful Biden Agenda

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