quote: Government intervention nearly always results in poorer quality products, higher prices and losses for business. The electric vehicle market is a perfect example. Biden’s rebates and cheap loans to business, clobbered the EV market.
Typical conservative who does a poor job of separating Cause, Correlation, and Coincidence!
First, per Bloomberg, "The Slowdown in US Electric Vehicle Sales Looks More Like a Blip- EV sales are still booming for most automakers "[1].
The Biden administration's financial incentives will create jobs as automakers re-tool plants. (look up Lansing GM Delta and Grand River plants in Michigan).[2]
The rollout of charging stations has been fairly slow, admittedly, but the money is going out to increase that infrastructure.
Meanwhile the Chinese are kicking our butts with their EV progress [3].
Tariffs have historically been enacted to protect nascent industries until they could compete on their own against foreign competition.
As to the rest of your article-typical re-hash of low taxes blah blah blah.Trump favors low taxes on corporations and the wealthy. He could care less about the middle class and working poor. His stance on taxes is pure GOP since Reagan, which didn't result in "higher standard of living for all." It resulted in increasing income inequality[4]. Same ol' trickle down.
Trump's term did coincide with some rising wages, but just saying it doesn't mean his policies were the driver. If we look at median wage growth it barely budged going into 2020. The 2020 uptick is due to low wage workers no longer working and allowing the average to rise. There's no policy cause here.[5] And increasing corporate profits doesn't mean diddly if they use it for stock buy backs, CEO bonuses or disbursements to already wealthy share holders.
Energy? The United States produced more crude oil than any nation at any time, according to our International Energy Statistics, for the past six years in a row.[6] We are also producing more energy in general than ever before when one includes green energy! [7]
Another flawed, skewed propaganda article from Mr Busler. Typical.
[1] https://www.bloomberg.com/news/articles/2024-05-28/the-slowdown-in-us-electric-vehicle-sales-looks-more-like-a-blip
[2] https://www.cnn.com/2023/08/31/cars/biden-evs-usde-billion-manufacturing/index.html
[3] https://insideevs.com/features/719015/china-is-ahead-of-west/
[4] https://www.pgpf.org/blog/2024/01/5-facts-about-rising-income-inequality-in-the-united-states
[5] https://www.apricitas.io/p/are-real-wages-rising
[6] https://www.eia.gov/todayinenergy/detail.php?id=61545#:~:text=The%20United%20States%20produced%20more,six%20years%20in%20a%20row.
[7] https://yaleclimateconnections.org/2024/03/the-u-s-has-never-produced-more-energy-than-it-does-today/#:~:text=The%20U.S.%20is%20producing%20more%20energy%20than%20ever%20before&text=For%20nuclear%20and%20renewables%2C%20it's,)%2C%20and%20renewables%20is%20growing.
