Why I wrote Messina's Federal Budget
Every day, while normal, honest Americans are living their lives, unaccountable, unelected bureaucrats driven by ideological - rather than Constitutional - impulses, screw things up for us all.
His recent piece discusses the insanity of the Biden policies which will flood the US market with Chinese-made electric vehicles, even as this Administration’s policies are damaging US automakers.
But Reuters reported recently that Swedish-based, but Chinese-owned carmaker Volvo (a subsidiary of China’s Geely) is about to beat the competition as soon as this summer with the introduction of a small battery electric SUV, the EX30, in the US.
The EX30 will directly compete with the Tesla Model Y in terms of performance and features, but at a price tag of $35,000, $8,000 less than the Model Y’s current cost. Reuters writes that, “[t]he competitive price reflects an unusual combination of Geely's China-specific cost advantages and Volvo's ability to skirt U.S. tariffs on Chinese cars because it also has U.S. manufacturing operations.” Even better, Volvo says that, even at that market-undercutting price, it expects to realize a 15-20% profit margin on the EX30, meaning it has room to cut the price further should Tesla or other companies find ways to meet its initial price tag.
Making the economics even more appealing to both consumers and Volvo/Geely is a recent Biden interpretation of a provision in the 2022 Inflation Reduction Act (IRA) that provides buyers with a $7,500 federal subsidy if they initially lease the vehicle. Many buyers will later purchase the car outright by paying off the lease early without loss of any portion of the subsidy. The Biden Treasury Department created this situation with an interpretation that classifies leased EVs to be “commercial vehicles” regardless of class or configuration, a leap of logic that is truly breathtaking even in this administration.1
This piece of insanity is just one in an ocean of abuses heaped upon the American taxpayer by the carbon religion’s zealots in Washington. Trust me, unless you are a tiny slice of Democrats who invest in “green technologies,” no one in America wants this madness.
Hence my book’s solutions laid out so we can take back our nation before it is too late:
It is Amazon's #1 New Release in Cultural Policy! Who knew that was a thing?
Get a copy for yourself, a few dozen for your friends and set up some Discussion Groups which will be smarter and more useful than that hokey Lean In crap from a few years ago. Let’s yank the nation out of the Stagnation caused by Leftist interference in society and the economy.