Kudlow: Biden's woke climate agenda would put economy into permanent recession

Kudlow: Biden's woke climate agenda would put the economy into permanent recession https://www.foxbusiness.com/media/kudlow-bidens-woke-climate-agenda-economy-permanent-recession
Remember all the big wheels of climate change including John Kerry, a multi-millionaire who owns a fleet of jets even before he got this position as hypocritical climates CZAR, is there to brag with all the other woke Executives of how they're going to change the world.

Never mind China and India have an extra four decades to comply and the Chinese keep building coal-fired power plants in China.


I bet you that there will still be demand for gasoline vehicles or people will hold on to them and not buy an electric Corvette or an electric Dodge Challenger Hellcat or whatever General Motors and other American and foreign companies put out just because it's not convenient, it's too expensive or they're just like me that they don't see the need nor do they want to be able to have to stop every a few hundred miles and charge for an hour or more.


I have no problem with electric cars. I have a 2015 Dodge Challenger and a 2018 Chrysler Pacifica that both have V6 engines and get 30 miles per gallon or more on the highway. The 2015 Dodge Challenger is paid off and only has fifty thousand miles on it. The 2018 Chrysler Pacifica only has 42 thousand miles on it. I still owe 20 grand on it but I'm paying it down.

I also have a 2015 Dodge Caravan that I use as a winter beater. It is paid off as well. It has 110k miles and runs fine for a high-mileage minivan. I park the Dodge Challenger from October to late April.

My point is I'm not going to go buy an entry- level or mid-level electric car just to please the Greenies.

I remember ten years ago that they had a story in the paper that those people who bought the hybrid Ford Escape had to put 150,000 miles on it to break even. Electric Cars will not be cost effective if electricity prices rise due to low energy supply and too much demand. If we all go electric cars, a news report said our energy need would go up 25%.

Talking to a colonel I know, the Ford Mustang model E that he just bought has an 8-year battery warranty.

Don't be surprised that you will be paying $10,000 for a battery after the warranty expires.

I'm sure many people are going to keep their cars by. They will purposely spend 50 Grand and then spend another $1,000 plus to have a charger at home just be able to save the six to $10 per gallon that President Biden wants gasoline to be.

The Democrats and their fervour for climate change and putting in the green New Deal almost reminds me of The Blues Brothers fanaticism thinking they were on a mission from God in The Blues Brothers movie.


Once power plants are all green, watch electricity prices go up dramatically. We have a mismanaged utility in Easter Canada called Hyrdo One. I will show you their high electric bills in a video in the comments. The prices are 3 times the national average. Part of the reason is that the woke Liberals of Canada stopped construction and later scrapped an almost completed Natural Gas-fired power plant. It was a waste of 1 Billion dollars and the people of Ontario had to pay for this in higher utility bills. This was done 5 years ago.