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CRONY CAPITALISM: Biden Wants to Use the American People’s Funds to Purchase 650,000 Electric Cars

Democrat Joe “King” Biden spent one of his first few days in public office to decree that he would use his position for Executive Orders to change the tone of Washington DC’s relationship with the American people unilaterally passing expensive actions.

And the whole thing will benefit people like Nancy Pelosi’s family and DC insiders, and foreign industry leaders.

“Biden’s new EO will cost the American people over 2 Billion Dollars,” Business Insider reporter wrote.

Biden, in his first week,  spent time increasing the cost of medicine, increasing taxes, increasing oppressive business regulations, opening the Southern borders to foreigners,  killing off American jobs, destroying Women’s sports, and now using a massive amount of taxpayer funds to replace government cars with new electric cars.

On Monday, Biden announced he would replace working cars and benefit the people who make money off Electric cars. Biden also wants to help out that industry because the American people won’t buy them.

  • President Joe Biden said Monday he plans to replace the “enormous fleet” of government vehicles with electric models.
  • The switch will help create one million new autoworker jobs in the US, he said.
  • Biden said he’ll change the rules that currently allow vehicles to be considered American-made even if they have parts made in other countries.

THE GREEN NEW DEAL IS EXPENSIVE

According to Business Insider:

“President Joe Biden said on Monday his new administration would replace the US government’s fleet of around 650,000 vehicles with electric models in a bid to shift to clean energy.

Whilst signing a new “Buy American” executive order, Biden said: “The federal government also owns an enormous fleet of vehicles, which we’re going to replace with clean electric vehicles made right here in America made by American workers.”

It’s unclear when the electric vehicles will rollout and which models they will be. Reuters reported it could cost $20 billion or more to replace the fleet fully. The White House didn’t immediately respond to Insider’s request for comment.”

WHO DOES IT BENEFIT?

The move is seen to shift technology and innovation from the Auto Makers and build a new auto industry and not American.

Nancy Pelosi, for one, according to Yahoo News, who reported that the far-left radical Pelosi and her family would benefit:

“House Speaker Nancy Pelosi’s husband has placed up to $1 million worth of bullish bets on Tesla stock; the politician revealed in a financial disclosure form last week.

Paul Pelosi, who runs an investment firm, bought 25 call options on Tesla stock with a strike price of $500 and an expiration date of March 18, 2022. He spent between $500,001 and $1 million on them on December 22,” Yahoo News reported:

In the following video is a leader in the field of electric cars talking about using technology for his industry:

https://twitter.com/Michael89541443/status/1354445094049476611?s=20

The people who will benefit the most are the Telsa company involved in several green energy products.

According to their website:

“Tesla, Inc. is an American electric vehicle and clean energy company based in Palo Alto, California. Tesla’s current products include electric cars, battery energy storage from home to grid-scale, solar panels and solar roof tiles, as well as other related products and services.”

Isn’t that convenient for a failing industry?

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