I got a laugh today – not a mirthful chuckle but more like a cynical smile rather than cry response – from a podcast listened to while I was walking.
It was about investing, and the interview subject has a web site which he took great pleasure in noting is free from factoring in politics.
This is a sad, sad person, who thinks politics don’t seep into every aspect of our existence.
You don’t think politics and the policies of the people we elect affect investments and the economy? Well, you are naive at best and I question the worth of your investment advice.
If Joe Biden is elected and taxes are raised as he has promised, regulation is increased as he has promised, governmental spending is increased as he has promised, you think that will have no impact on the economy or your investments?
Although the Democrats have crammed a muzzle squarely into the jaws of the AOC crowd, no doubt telling them just to shut up for now and after the election, the sky’s the limit, beware of the immense governmental spending frenzy we can expect in the attempt to implement the Green New Deal.
Already California Governor Gavin Newsom has signed an executive order banning the sale of new gasoline powered vehicles in his state by 2035.
As an aside, don’t you love how those on the left applaud such executive orders, or those of former President Barack Hussein Obama, but howl in protest when current President Donald John Trump wields the executive pen?
Back to the matter of banning sales of traditional internal combustion cars, I’m skeptical of the perceived benefit.
The electric-car people neatly ignore the effect all that increased demand for electricity to recharge these cars will have on troubled power systems, such as California’s.
Already burdened by brownouts and blackouts, the California grid would need massive upgrade and overhaul to meet the demand.
The Green types also conveniently ignore that while the electric cars themselves may reduce emissions, what about the plants that produce the electricity? What about the pollution from mining the necessary metals and rare earth elements necessary for electric cars?
Even if this is done outside California or the United States, it still affects world climate and, as the Kum ba yah crowd loves to point out, we’re all in this together.
What do we do with all those batteries when their life cycle is complete? We’re not going to be able merely to discard them into current landfills.
You will hear the recycling people chime in here. But the dirty secret is most recycling is not truly cost-efficient and in a sort of reverse negative loop, the more people recycle, the more recycled product there is and the lower the price received for those doing the recycling.
We have had this happen in my area for aluminum, plastic, glass, etc. Municipalities have gotten out of the recycling game because it doesn’t make economic sense.
Add in that the next major volcanic eruption around the world will spew more gaseous pollution into the air than all those California gasoline-powered cars will, likely in a year.
Maybe Newsom can sign an executive order banning volcanoes.
This is a typical Liberal contradiction. They want to dream of world peace, prosperity for all and an abundance of other ideals, but they cannot come up with practical ways to accomplish those goals.
Their problems are twofold: First, they have set their bar too high in their wishes and, second, they are unwilling to recognize that reality.
Unfortunately, it’s raining as I write this, or I’d go out and fire up my Mustang convertible to go cruising in Newsom’s honor.
I guess I’m left to peruse the online ads for yet another Mustang, this hopefully to be a more powerful gasoline-gulping behemoth that would horrify Newsom and his ilk.