Every economic policy of the JoeBama administration benefits other nations at the cost of the U.S. middle class. If you look at the Biden policy from a position of America’s interests they get everything wrong. However, if you look at Biden economic policy from a goal to weaken the U.S. and benefit other nations, they get everything right.
This is the exact same big picture dynamic that was present during the Obama era. The Chicago crew of policy advisors simply hate America and everything she/we stand for. That element of Obama’s network hates ‘colonialism’, despises the industrial revolution, and abhors free market capitalism.
When Obama said “share the wealth” he wasn’t speaking exclusively toward domestic socioeconomic policy; he was also pointing out that America needed to share wealth with other nations. This is the ideological alignment between Barack Obama and Osama Bin Laden. Above all other issues Osama Bin Laden despised the wealth the U.S. carried as a result of the dollar being the international trade currency. Thus the 9/11 attack was directed at the World Trade Center first, then DC second.
If you accept Biden is an avatar for Obama’s third term, then everything in the economic policy makes sense. Including this:
“U.S. President Joe Biden will rely on ally countries to supply the bulk of the metals needed to build electric vehicles and focus on processing them domestically into battery parts, part of a strategy designed to placate environmentalists, two administration officials with direct knowledge told Reuters.” (link)
Beyond the hypocrisy of ‘global’ climate change being irrelevant to where the mining takes place (duh), what the administration is doing is letting our mining operations close while importing the same product. This is a continuation of what policies created the “rust belt”. Then there’s the pesky problem of the cars actually being built in Mexico, not the U.S…. but we need to ignore that part.
♦Example #2 of JoeBama policy comes from the Emerald Isle laughing at the U.S.A. as Biden kicks out U.S. companies by raising corporate taxes.
“Ireland has no plans to increase its corporate tax rate – one of the lowest in the developed world – the country’s finance minister has told Sky News, which could scupper Joe Biden’s radical scheme for a global minimum rate.”
[…] “He predicted that Ireland will maintain its 12.5% corporate tax rate for many years to come.
In an exclusive interview with Sky News, Mr Donohoe said: “We do have really significant reservations regarding a global minimum effective tax rate status at such a level that it means only certain countries, and certain size economies can benefit from that base – we have a really significant concern about that.” (read more)
Every element of Biden economic policy is exactly the wrong thing to do if you want the United States to thrive. However, every element of Biden economic policy is exactly the right thing to do if you want the United States to suffer.
Creating a “service driven economy” is a feature, not a flaw, of Obama and Biden’s network of economic advisors and policy-makers. That is the origin of the self fulfilling prophecy…. a series of policies that create massive wealth disparity…. that the base of the Democrats love to rail against…. in order to elect globalist elites… in order to continue the same export of U.S. wealth….. that creates the wealth disparity they rail against.
Wash – Rinse – Repeat.
The Dems hate the working class and so do the Republicans. The only person of power who supported the working class was Donald Trump. Please Prez Trump, start a third party so your supporters, ie, the majority of the population, have a home and place to vote.
Oh, so now, you want HIM to do all the work?? Do you have ANY IDEA of what it takes too do that? To find someone that worked on Ross Perots campaign and ask.
And where are the millions and maybe billions of dollars going to come from?? Not out of your pockets, I assume.
I was around and politically active for that. It was a disaster. Or are you expecting p. Trump to wave his magic wand, or further deplete his personal fortune, to make it easy for you?
Envision 10% to the big guy for all the money he has offshored.
A FYI – filed under “great moments in socialism”
“Butter made from coal….mmmmm…sounds yummy….”
And other recommended watching in the video there and other links
https://www.smalldeadanimals.com/2021/05/25/butter-made-from-coal-mmmmm-sounds-yummy/
On the one hand, one of the advantages America has over Europe is that America didn’t have a thousand years of using natural resources. For rare minerals, there is some sense in using someone elses minerals until they become really rare at which point your own resources become more valuable. (This is somewhat attenuated by new discoveries of those resources.)
On the other hand, this was done to placate the environmentalists. Some of the countries we import from don’t have the clean up afterwords creating an overall worsening of the environment.
Our mines are then sold to companies in other countries who start them back up
We are not shocked that the CCP Installed Puppet In The White House would use policies that benifits his master’s.
“For God has put it into their hearts to accomplish his purpose, this one purpose to give their Kingdoms to the Beast until the Words of God are fulfilled.” (Apokalypsis 17.17)
“The Beast and the Ten Horns you saw will hate the Harlot…” (Apokalypsis 17.16)
Doesn’t everyone hate the Deep State Harlot who is not only destroying America, Canada, but also Europe? The Deep State Harlot’s name is “Mystery, Babylon The Great, The Mother Of Harlots And Abominations Of The Earth”. These people have been riding atop of the Beast and knows her time is about to end and she’s about to be thrown down from her position. This is why she has surrounded herself with military troops in a militarized zone. Pretty obvious they’re trying to pull the entire Western Culture down with them.
“And I heard another voice from heaven saying COME OUT OF HER my people that you be not partakers of her sins, and that you receive not of her plagues. For her sins have reached unto Heaven and God has remembered her iniquities. And in her was found the blood of prophets, and of saints, and of all that were slain upon the earth.” (Apokalypsis 18.4-5,24)
But only after the Harlot is destroyed will the Ten Kings then give their kingdoms to the Beast (2 Thessalonians 2:3-7).
Not my opinion either, this is what happens because Apokalypsis 17.17 said it will be according to his will.
No, what they will do is close them to U.S. companies and them sell them to the highest foreign bidder, just like they did before.
#WheresHunter and the #CrookedClinton’s probably have buyers lined up around the planet.
Wow! A really great point, Two Laine!
This move by Joe Bananas (certainly called in by Barack!) is related, I believe, to Bitcoin’s recent, and possibly permanent impairment as an investment vehicle which would then cause a concomitant rise in prices of metals adding to increased cost of manufacturing. Without a Bitcoin to lull investors into a false sense of prosperity, it’s not going to be so easy to ignore that the world is now in the hands of maniacal, communist radicals whose primary goal is the destruction of the US economy.
If metal prices were to rise significantly, it would certainly set off a resurgence of mining, yet the left always prefers that money be fiat, and issued strictly by the state, and have no metal backing.
What has happened with Bitcoin was not expected. Will be interesting to watch future events.
This is strategically necessary in order to make the United States more subservient to the global masters and especially China. Another ideological predisposition from Obama like appeasement that is doom for the United States.
So now we can assume the Biden crime family is involved in the foreign mine business.
For the love of God! The earth has been doing pretty damn well for how many eons, even with mining being a way for ancient civilizations using their natural curiosity enough to find out what was under their feet! And then, earth did pretty well during the Industrial Revolutions, the ramp-ups for World Wars and the accompanying industrialization necessary to survive those.
Now along comes a new threat to our planet’s survival that if I had $4 bucks to spare, I’d bet $2 on the other side, the E-Team, to win the first half and $2 for total destruction in Round Two because the E-Team would have made the eons-old earth so unstable that there was no place, no people, and no reason to go into a Fourth Quarter. Big hard to play the game when there’s no earth left to play it with.
Pro-tip: socialism is antithetical to true environmentalism, and DC Swamp paymaster Chyna is the worst polluter on the planet. Also, globalists have $100M to the Sierra Club not to talk about the environmental consequences of mass migration — true story.
Jesus said a tree is known by its fruits, and the fruits of socialism, communism, globalism, the Deep State, the DC Swamp, and the Democrat / RINO Uniparty are crime, poverty, and death — everywhere and always.
We don’t even know how weak the US has become. He’s doing CCP’s bidding. We have a puppet government of China.
For American to mine for minerals in any country but the USA in order to “keep our environment clean,” is the same as putting your cesspool in the neighbor’s yard to keep your yard free of contamination.
Can’t sleep because of the moon becoming full in the heavens tonight. Might finally rain here with meaning after about 12 days of zero in the rain gauge.
Anyways in my seemingly unending career, I served under Clinton, Bush II and then Obummer. That latter, I believe, was “selected” by the magic voting machines to bail out the banks; and his American Recovery and Investment Act was a forking joke. Millions were probably spent on just the signs along the highways alone touting this piece of crap money laundering “Act.”
It took almost TWO years to get a report out of referencing on solar panels funded by American tax payers that tended to burst into flames when they got hot. WTF. From the fed , state and local level on down, everyone swore to what every Deity they worshipped that this was a good investment. Meanwhile, the same folks don’t even understand what it means to balance their own checkbooks.
The very concept of Fiduciary duty went out the window with Obummer I. And now Obbummer 2 is just a ghost actor in the machine.
The concept of Rare Earth Materials and a possible lack thereof was brought up by the military about a decade ago. That if we came to conflict with China, did the US have these resources? It’s disgusting to me how not a one wanted to take on the question.
Instead, Joe Bribem is going to sell out to China, because like his boss in the basement, the question was just too damn hard to ponder. They threw up their hands and said ” let’s make friends with China over this, ” because it’s too DAMN HARD to come up with our own homegrown solution.
So much for politicians.
The miners should STORM the Union headquarters. They SOLD. YOU. OUT.
This is all purposefully done. In order to bring in the reset, ‘build back better’, etc, the US must first be destroyed as a superpower. Surely this is now obvious.