Unleash Prosperity Hotline – Labor Day Weekend Edition Issue #1093
08/30/2024 – 09/02/2024
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1) Kamala Explains Fracking Flip Flop
It's entertaining to watch liberal operatives explain why Kamala is suddenly retreating from her radical positions on everything from the border wall, to the Green New Deal, to reparations, to fracking, to taxing unrealized capital gains, to Medicare for all, et al.
She says even though her positions shift with the political winds, "my values haven't changed."
But her staff's explanation below for why she is now FOR fracking is a non sequitur.
As we've noted many times on these pages, there is NO "progress on climate." Today we get more than 80% of our energy from fossil fuels – which is about exactly where we were five years ago – despite the hundreds of billions spent.
As for Kamala's statement that other nations are reaching their climate targets, that's a myth too. Actually, in 2023 the world burned more fossil fuels than at any other time in history. Here are the facts:
Global energy-related CO2 emissions increased by 1.7%, driven by China and India.
Fossil fuel consumption in 2023 reached a record high, rising by 1.5% to 505 exajoules.
China is by far the world's largest consumer of primary energy, burning 34% of world consumption 170.7.
Almost no country is meeting their UN anti-fossil fuel targets.
2) The Green New Deal Has Failed – Time For a Green Marshall Plan
Brian Deese, President Biden's former National Economic Council director and now a top economic advisor for Kamala, evidently agrees with us that the Biden/Harris Green New Deal is a flop.
He now says the U.S. needs a "clean energy Marshall Plan" to globalize the "environmental" benefits of the Biden Green New Deal. The idea is for the U.S. to challenge China's dominance of clean energy supply chains by subsidizing other countries to buy/bribe U.S.-made green tech.
The idea here is for the U.S. to try to out-subsidize China. He wants a new loan program on top of the $300 billion already spent on the Green New Deal to entice them to buy our electric cars, solar panels, and windmills.
Hello! If we want to export our clean energy, why not produce and sell more natural gas? Oh, we forgot: that won't work because the Biden-Harris administration has halted approvals for new exports of natural gas in a sop to the environmental lobby.
3) Kamala Wants U.S. Taxpayer-Funded Broadband...For Africa
The Biden administration's $42 billion plan to subsidize rural broadband has so far connected a grand total of zero households:
Since that program worked so well, Kamala Harris wants a federal program to subsidize internet connection in half of Africa? But as we noted the other day in the Hotline, one billion people globally don't have access to reliable electric power – in part because of the war on fossil fuels. Try getting the internet where there is no electricity. These people aren't playing with 52 cards in the deck.
It chronicles the blizzard of regulations, high taxes, union rules, and crazy green energy policies that have transformed California from the leading destination state to the leading exodus state (though New York is neck and neck in that race to the bottom).
One of the shocking findings of the report is PRI's tally of prominent companies that have left California for mostly red states - including Texas, Utah, Montana, and Arizona.
Here's PRI's list and it is extensive:
Toyota Motors North America
Carl's Jr.
Jacobs Engineering Group
Nissan North America
Nestle
Jamba Juice
Occidental Petroleum
Hewlett-Packard, whose founding is recognized as the birth of Silicon Valley
Tesla
SpaceX
Charles Schwab
Oracle
PRI notes (only half-jokingly) that "California's Most Competitive Industry Is Moving Vans."
A 2023 poll found that 40% of residents say they're contemplating moving out of California, with nearly half of them saying they're considering that 'very seriously.'"
Did we mention that Kamala Harris's plan is to make America look like California?
