The Biden Administration’s bailout of Silicon Valley Bank’s customers is part of an ongoing wealth transfer program designed to widen economic disparity in America.
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March 13, 2023 — Politics
The Biden Administration’s bailout of Silicon Valley Bank’s customers is part of an ongoing wealth transfer program designed to widen economic disparity in America.
March 9, 2023 — Business, Politics, Technology
Elon Musk claims to be an environmentalist. But faced with a choice to maximize Tesla’s profits or causing potential harm to the environment, Musk opts for the money.
Reading up on the Michigan communities Ford and GM plan to grace with their EV battery plants, I’ve come to appreciate and fear the brilliance of communist China’s leadership and feel for the thousands of Michiganders of modest economic means who have effectively been disenfranchised.
Ford’s F-150 Lightning electric pickup is an affront to environmentalists and the people of Marshall, MI shouldn’t be forced to give up farmland to help build it, particularly as the vehicle is useless for anyone genuinely requiring a pickup truck.
Some thoughts on how the more than $1 billion in subsidies Michigan plans to give Ford to build an electric battery plant could be better used elsewhere.
February 24, 2023 — Business, Politics, Technology
Some thoughts on reports that China interfered in Canada’s election and worked to elect Justin Trudeau, Palo Alto is officially America’s EV Motor City, more bad press for Ford’s Jim Farley, and a heart-breaking feature about the closing of the oldest Starbucks in Detroit.
February 22, 2023 — Business, Politics, Technology
Einstein defined insanity as doing the same thing over and over and expecting different results. Michiganders applauding Gov. Gretchen Whitmer for showering Ford Motor Co. with $1 billion in incentives to build an electric battery plant and supposedly create 2,500 jobs would be wise to reflect on Einstein’s wisdom.
President Biden in July 2021 called on the DOJ and Federal Trade Commission to “vigorously” enforce antitrust laws and recognize “that the law allows them to challenge prior bad mergers that past Administrations did not previously challenge.” FTC head Lina Khan chose to ignore the message and allow two mega-mergers, and today signaled to Amazon she won’t move to block the company’s acquisition of One Medical.
Also abetting hospital industry mega mergers is Wisconsin Senator Tammy Baldwin.
February 19, 2023 — Politics
Transportation Secretary Pete Buttigieg last week publicly indicted America’s construction industry, implying there was some sort of racial bias in its hiring practices. The comment betrayed Buttigieg’s woeful ignorance about the critical labor issues facing the construction industry, which could derail President Biden’s infrastructure and electric vehicle manufacturing initiatives.
Coupled with his failure to address the toxic aftermath of a train derailment in Ohio, Buttigieg should resign.
February 13, 2023 — Business, Politics, Technology
Transportation Secretary Pete Buttigieg claims he wants to improve road safety in America, and recently announced $800 million in taxpayer giveaways to various cities and towns to finance infrastructure improvements. If Buttigieg was genuinely serious about improving road safety, he would heed mounting warnings from transportation safety officials and automotive reviewers and call for an immediate ban of GM’s Hummer EV.
That GM CEO Mary Barra aims to profit from such a monster vehicle whose brakes are widely regarded as inadequate, suggests a certain moral and ethical depravity.
February 11, 2023 — Business, Politics, Technology
Michigan taxpayers appear on the verge of subsidizing a joint venture between Ford and a China-owned battery company that Virginia governor Glenn Youngkin wanted no part of.
“I would have loved to have had Ford come to Virginia and build a battery plant if they were not using it as a front for a company that is controlled by the Chinese Communist Party,” Youngkin said on Bloomberg TV.