Not A Problem Solver Biden Is A Problem Maker

1. 86

   Sharlee01posted 16 months ago

   
   
   "Dealerships had a combined 92,000 unsold EVs sitting on their lots at the end of the second quarter, according to Kelley Blue Book data, more than four times the number a year ago. Moody said automakers are stockpiling EVs as they seek to capture a larger swath of U.S. motorists.Jul 24, 2023"
   
   Looming auto strike puts Biden’s labor loyalty to the test
   "We’re focused on winning the best possible contract for our members in 2023, and then we can talk 2024,” the union said in a statement provided to The Hill.
   
   “We want to see a federal government that is actively supporting our fight for economic justice in this green transition. Unfortunately, the Biden Administration is pouring billions into these companies’ pockets with no strings attached. A green transition with trickle-down economics won’t work,” the group said, referring to the economic doctrine associated in the U.S. with the Reagan administration."
   https://thehill.com/business/4179359-lo … -the-test/
   
   "Biden’s climate bill leaves workers behind in shift to electric cars, union says -- 
   Legislation gives incentives to companies to manufacture EVs without protections for workers, says head of autoworkers union.   
   https://www.theguardian.com/us-news/202 … kers-union
   
   Ford is forecasting that its electric vehicle division will lose $4.5 billion this year, the U.S. automaker announced on Thursday. The division, called “Ford Model e,” has already shed about $1.8 billion in 2023 so far.
   https://fortune.com/2023/07/28/ford-ear … ev-losses/

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   1. 57

      Willowarborposted 16 months agoin reply to this

      From the Guardian article:
      
      " But the UAW is unhappy that public money – such as a $9.2bn loan given to Ford last month that it called “corporate greed” – has been handed out without accompanying agreements over worker conditions, with many of the new plants springing up in states such as Kentucky and Tennessee that have comparatively few worker protections."
      
      Isn't it the Union's job to negotiate wages and worker protections with the corporations? I don't see how that's ever been the duty of a President.  Ultimately I feel that the UAW will negotiate quite an advantageous new contract.
      
      In terms of Ford in electric vehicles, it looks like they've had some losses but overall profits are up.
      
      "Ford Motor Co.'s electric vehicle business has lost $3 billion before taxes during the past two years and will lose a similar amount this year as the company invests heavily in the new technology.  Company officials said the electric vehicle unit, called “Ford Model e,” will be profitable before taxes by late 2026 with an 8% pretax profit margin. Chief Financial Officer John Lawler said Model e should be viewed as a startup company within Ford.
      "As everyone knows, EV startups lose money while they invest in capability, develop knowledge, build (sales) volume and gain (market) share,” he said.
      
      "Dealerships had a combined 92,000 unsold EVs sitting on their lots at the end of the second quarter, according to Kelley Blue Book data, more than four times the number a year ago".
      
      That doesn’t mean EVs outnumber gas-powered cars on lots. It simply means that manufacturers have built them too fast for their current sales rate. But that sales rate is accelerating. (Source: yours)
      Cox Automotive reports that EVs made up 7% of new car purchases in the first quarter – up from 5.8% in 2022.
      
      How does any of this make Biden a problem maker?

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      1. 89

         wildernessposted 16 months agoin reply to this

         "Isn't it the Union's job to negotiate wages and worker protections with the corporations? I don't see how that's ever been the duty of a President."
         
         I agree.  It sounds like they're either asking for a handout or make help contingent on their getting a great contract.  For some of the highest paid people in the nation that is completely unreasonable and in any case it is NOT the job of the President (or congress) to set wages.  We push it a bit with a minimum wage law, but that should be as far as government goes in interfering in contract negotiations between private parties.

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      2. 86

         Sharlee01posted 16 months agoin reply to this

         Here is good proof Fuelmpowerd cars are selling well.
         
         "Dealerships had a combined 92,000 unsold EVs sitting on their lots at the end of the second quarter, according to Kelley Blue Book data, more than four times the number a year ago.
         
         Ford is forecasting that its electric vehicle division will lose $4.5 billion this year, the U.S. automaker announced on Thursday. The division, called “Ford Model e,” has already shed about $1.8 billion in 2023 so far.
         
         Biden's is unrealistic in regard to pushing EVS on Americans... They are not affordable,  we have no infrastructure to support their usage.
         
         There are no Fuel vehicles sitting on lots. In fact, there has been a shortage which is now easing.   "Are new cars still in short supply 2023?
         Production in 2023 has improved as automakers and suppliers have adapted to the current environment, and 2023 sales are improving with more inventory. That said, the pre-pandemic momentum toward a 100-million global vehicle production year has been set back by a decade,"
         https://www.marklines.com/en/statistics … a-by-month

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         1. 57

            Willowarborposted 16 months agoin reply to this

            My response is in my previous post. I completely answered why there is loss on EV's . I answered from the manufacturers exact statement. I don't think anyone is "pushing" electric vehicles on anyone. You have the choice to buy whatever type of vehicle you want. That certainly has not changed.
            Again I will refer back to the article you cited that included Kelly Blue book and it states...
            "That doesn’t mean EVs outnumber gas-powered cars on lots. It simply means that manufacturers have built them too fast for their current sales rate. But that sales rate is accelerating. (Source: yours)"
            
            In terms of your quote from ford, also refer back to my previous post because I included what was beyond your post in their statement. They  have expected a  loss as they consider electric vehicles a "startup"business" meaning more initial cost up front. 
            
            Ultimately, car makers will choose which type of vehicles they produce. (Based on their own profits)  Buyers will buy what they want and like, why is this a problem? No one is twisting anyone's arm to buy a certain type of vehicle. I believe there are tax credits if you purchase an electric vehicle but I for one have not received an edict from Biden to purchase electric or else.
            It appears that you aren't using all of the information in your sources when posting. When I read the entire articles, they actually do provide a complete picture.
            I'll go out on a limb to say that manufacturers will produce what buyers want and that's about it. If it is ultimately not selling you won't see it produced. Biden has nothing to do with that.

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            1. 89

               wildernessposted 16 months agoin reply to this

               "I believe there are tax credits if you purchase an electric vehicle..."
               
               Only if you're rich, or at a minimum reasonably well off.  The poor are not allowed to get any such subsidy even though they obviously need it more.

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               1. 57

                  Willowarborposted 16 months agoin reply to this

                  From the IRS. Credits for New Clean Vehicles Purchased in 2023 or After:
                  
                  You may qualify for a credit up to $7,500 under Internal Revenue Code Section 30D if you buy a new, qualified plug-in EV or fuel cell electric vehicle (FCV). The Inflation Reduction Act of 2022 changed the rules for this credit for vehicles purchased from 2023 to 2032.
                  
                  The credit is available to individuals and their businesses.
                  
                  To qualify, you must:
                  
                  Buy it for your own use, not for resale
                  Use it primarily in the U.S.
                  In addition, your modified adjusted gross income (AGI) may not exceed:
                  
                  $300,000 for married couples filing jointly
                  $225,000 for heads of households
                  $150,000 for all other filers.
                  https://www.irs.gov/credits-deductions/ … 3-or-after

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                  1. 89

                     wildernessposted 16 months agoin reply to this

                     You forgot the key requirement: you must have a tax bill of $7500 or more to take advantage of the credit.  It is not "refundable", meaning it will not be given except as a credit against taxes owed.  No large tax bill, no subsidy.
                     
                     So...only those relatively rich can get it; the poor are out of luck.  Subsidies only go to the rich, not to the people that need it most.
                     
                     The same applies to solar panels; tax credits are not refundable and so only those people that are better off financially can get the subsidy.  The poorer among us must continue to pay high electric bills.

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                     1. 86

                        Sharlee01posted 16 months agoin reply to this

                        And more to consider ---  So many poor do not have anywhere to install a battery to charge a car...Nearly 39 million people in the United States — that is almost 1 in 8 — call apartments home.
                        
                        Our poverty rate is high in America, these individuals will not be able to afford an EV --- Period... We have no infrastructure to support to support the current EVs on the road.
                        
                        Clearly, common sense should tell us we as a nation now can't make regulations on phasing out fuel-powered vehicles.

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2. 86

   Sharlee01posted 16 months ago

   From my perspective, this president has created numerous issues primarily because of the absence of a well-thought-out and coherent plan for his policies to succeed. It seems like he often takes actions that undermine his own objectives. And "We The People" end up having to take the brunt of his many mistakes.
   
   "Trucker delivers 'catastrophic' forecast for food supply as Biden turns industry on its head"
   
   "President Joe Biden's administration finalized plans for a program it argues will further reduce air pollution from heavy-duty engines and vehicles across the United States, but truckers argue the proposed standards will crush the supply chain and put the American food supply at risk.
   
   The new emission standards put forth by the Environmental Protection Agency (EPA) "are significantly more stringent," "cover a wider range of heavy-duty engine operating conditions" compared to previous standards and are aimed at reducing emissions of nitrogen oxides and other pollutants. The rule officially went into effect on March 27 of this year, but will be implemented for new trucks sold after 2027.
   
   Despite the positive spin by the current administration, truckers say the agency's standards will promote green energy at the expense of the economy and the country's food supply. More than 95% of the trucking companies that make up the industry are small businesses operating about ten or fewer trucks, JKC Trucking Vice-President and Co-Owner Mike Kucharski told Fox News Digital.
   
   He believes that by complying with the EPA's clean energy mandates, many small trucking companies will be pushed out of the business, tightening trucking capacity nationwide and causing severe price inflation "worse than we have right now," which will be passed down to consumers.
   
   JKC Trucking Inc. is Chicago's largest specialty contract carrier for climate controlled and dry freight loads specializing in less than truckload (LTL) shipments for customers with one box, one pallet or half a truck to ship from the Midwest to California, Florida and major cities west of the Mississippi River.
   
   The EPA estimates the technology required to meet the new rule’s standards will cost between $2,568 and $8,304 per vehicle, but the American Truck Dealers Association (ATDA) estimates it is more likely a $42,000 increase per truck. In total, the ATDA projects the associated costs of this new regulation on the country could reach $55 billion over the lifetime of the program.
   
   "A new clean diesel long haul tractor typically costs in the range of $180,000 to $200,000," Kucharski said. "A comparable battery electric tractor costs upwards of $480,000, that's about a $300,000 upcharge, [which] is cost prohibitive for the overwhelming majority of motor carriers."
   
   "This mandate is based on brand-new technology, number one, and they're supporting green energy" above the economy, he added. "I support green energy, but it's extremely frustrating because it's this new mandate that they are forcing... truckers are nonstop overregulated."
   
   Todd Spencer, president at the Owner-Operator Independent Drivers Association (OOIDA), told Fox News Digital that the EPA's regulations are part of their "regulatory blitz on small-business truckers."
   
   "This newest announcement is a blatant attempt to force consumers into purchasing electric vehicles while a national charging infrastructure network remains absent for heavy-duty commercial trucks," he said. "Professional drivers are skeptical of electric vehicle costs, mileage range, battery weight and safety, charging time and availability."
   
   "It’s baffling that the EPA is pushing forward with more impractical emissions timelines without first addressing these overwhelming concerns with electric commercial motor vehicles," he added. "The pursuit of this radical environmental agenda in conjunction with an anticipated speed limiter mandate will regulate the safest and most experienced truckers off the road."
   
   Republican U.S. Senator Deb Fischer of Nebraska proposed a resolution that would have blocked the EPA mandate. It passed the Senate in April and the House in May, but Biden used his veto power to kill the resolution shortly thereafter.
   
   In July, a bipartisan group in Congress sent a letter to the EPA expressing similar concerns about the regulations.
   
   "The EPA's always pushing more and more regulations on us, and it's harder to do our job now," Kucharski said. "We're kind of sick of it, the administration and EPA jamming it down the truckers' throats."
   
   "These regulations are not practical," he said. "Number one, costs, two, infrastructure - we're not ready for the infrastructure. Three, the testing and data - they're just doing the testing on these trucks right now. I really haven't even driven an electric truck or seen one in person."
   
   Kucharski said the driving range of electric trucks is nowhere close to gas and diesel powered vehicles and is simply "not practical" right now.
   
   "The charge of an electric truck is about 10 hours and the distance could be about 150 miles to 300 miles," Kucharski said. "To give you an idea right now, one of our diesel trucks, when it fills out 300 gallons, it has a capacity to go 1,600 to 1,800 miles."
   
   "So these 300 miles, let's say you and I jump in a truck tomorrow, we have to go to Los Angeles from Chicago, we're barely out of the state of Illinois, let alone able get food to the West Coast or come back," he added. "It's just going to take the transit time and increase it. With new technology, the distance should be as much as we have now, if not even further."
   
   In addition, he explained that the lithium batteries weigh around 8,000 pounds, which means there will be 8,000 pounds less in payload on each electric truck to make room for the 4-ton battery.
   
   "We will have to take less payload because of these new lithium batteries that weigh about 8,000 pounds, so that is about 300 gallons of diesel [or] about 2,100 pounds of fuel and every gallon we burn we're lighter about around 7 pounds, but with these lithium batteries, fully charged or not, we're still at 8,000 pounds," he explained.
   
   In June, 20 states sued the EPA for granting California a waiver to issue its own set of truck emissions standards that go further than the federal regulations, effectively banning the sale of gas or diesel trucks, according to Iowa Attorney General Brenna Bird. Under California's truck ban, about 55% of delivery vans and small trucks, 75% of buses and larger trucks and 40% of tractor-trailers must be fully electric by 2035. By 2045, gas and diesel trucks will be banned from being sold in California.  -- Please read on     https://www.foxnews.com/media/trucker-w … can-food-s  "
   
   Biden continually cuts off his nose to spite his face.

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3. 86

   Sharlee01posted 16 months ago

   Will all of this lead to Biden tapping our depleted National oil reserves?  ( Basic Info. US Crude Oil in the Strategic Petroleum Reserve Stocks is at a current level of 349.54M)
   
   OPEC ---   Oil market to tighten modestly in late 2023
   
   Reuters
   https://www.reuters.com › markets › commodities › oil-...
   Aug 17, 2023 — Production cuts announced by Saudi Arabia and its OPEC⁺ allies are expected to tighten the global petroleum market moderately over the ...
   https://www.reuters.com/markets/commodi … 023-08-17/
   
   Oil companies sue U.S. over Gulf auction changes meant ...
   
   Reuters
   ..Aug 25, 2023 — N) on Thursday sued the Biden administration over its decision to withdraw acreage from an upcoming oil and gas lease sale in the Gulf of Mexico .
   
   Sept 6  2023    Biden Administration Cancels Remaining Oil and Gas Leases in Alaska's Arctic Refuge
   https://www.usnews.com/news/business/ar … ife-refuge

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